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Vol. 22 Issue 9
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Apartment Industry Applauds President Obama’s Call for a Strong Multifamily Sector
The Landis Bomb Part 2 of 2 Last month I brought the bad news in what I hope, is a worst case scenario that we never realize. I am not optimistic. I have no doubt that a host of diligent attorneys will be working hard to limit the scope of the Landis decision by arguing that it can only be read to allow a tenant to back out of a contract initially or other similar limitations. The problem is that I have already seen attorneys for the tenants arguing exactly what I posited in the first part of this article.
WASHINGTON, D.C. - Statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs, in response to President Obama’s speech today on housing finance reform:. “We applaud President Obama’s decision to make housing a priority in his economic initiative and support his efforts to advance housing finance reform. We are encouraged that he explicitly acknowledged the importance of rental housing and that the federal government has a critical role to play. Before the housing bubble burst, too often policyContinued on page 3
Apartment and Condominium Market Gains Momentum in Second Quarter August 29, 2013 - Production of apartments and condominiums gained momentum in the second quarter of 2013, according to the latest Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB). The index increased nine points to 61, which is the highest reading since its inception in 2003. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that any number over 50 indicates that more respondents report conditions are improving than report conditions are getting worse. Continued on page 7 Professional Publishing, Inc PO Box 30327
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The truth is that if we do not fix this legislatively then even if good arguments for limiting Landis are successful, they will be applied locally only and ad hoc until and unless the issue makes it back to the Court of Appeals. That requires some landlord be the victim of a bad Court decision that fails to limit Landis, that the landlord has a point to prove that is more important than the money an appeal will cost and also has the money to follow through Continued on page 5 Page 6 Chapter 27
Institute of Real Estate Management
Industry Invited to IREM’s Fall Leadership.. Page 8
Government Affairs – Critical to Page 17 Washington Apartment Association
Top Seven Reasons to Use Rental Payment History Data