Multifamily

Freddie Mac set all-time record for multifamily security issuance in 2018

GSE issued more multifamily securities than ever before
Freddie Mac continued its record-setting ways in the multifamily business in 2018, establishing a new record for multifamily security issuance for the second year in a row. According to the government-sponsored enterprise, it issued $72.8 billion in multifamily securities in 2018, breaking its 2017 record of $68 billion.
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Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data

Law will not take effect during court battle
A federal judge on Thursday sided with Airbnb and HomeAway and blocked a New York City law that requires the short-term rental platforms to disclose a significant amount of user data. The preliminary ruling comes in a lawsuit filed against New York City by Airbnb over a new law that requires short-term rental sites to reveal hosts’ data.
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LIHTC syndicator Alliant Capital names new vice president of originations

Hammad Graham to serve as VP of New York/Northeast territory
Alliant Capital, a low income housing tax credit syndicator based in Woodland Hills, California, announced Wednesday that it is naming Hammad Graham as the company’s new vice president of originations. In this position, Graham will help oversee originations in the New York/Northeast territory.
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Here’s what rents did in all 50 states in 2018

Which states rose and which fell? Here’s your answer
As we’ve now officially crossed over to 2019, we can take a full look back at what happened in the multifamily industry in the year that just passed. A recent report showed U.S. renters paid a record $504.4 billion in rent in 2018. But what did rents do on a state-by-state basis? And what about on an apartment-type basis? Here are your answers.
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Florida goes after 14 moving companies for allegedly holding people’s furniture hostage

Movers allegedly promised low prices, then demanded more money once move began
Florida Attorney General Pam Bondi announced last week that her office is taking legal action against more than a dozen moving companies for allegedly using deceptive marketing and sales of household moving services, while also holding people’s belongings “hostage for ransom.”
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Massachusetts enacts new laws taxing and regulating short-term rentals

Law takes aim at rise of Airbnb and the like
A few months after initially approving new laws that regulate and tax short-term rentals in the state of Massachusetts, the state’s governor signed the laws into effect late last week. The laws take aim at the rise of Airbnb and similar short-term rental platforms in the state.
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Commercial real estate insider: Investors need to broaden their minds about funding sources

The most important debt products you may not know about
[Expert commentary] When it comes to debt, everyone seems to be eating from the same basic food groups. Banks, commercial mortgage-backed securities and big balance sheets dominate the market. If you're a multifamily investor, there’s also Fannie Mae and Freddie Mac. But most folks are really missing the most important and liquid debt products out there.
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