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BUSINESS
By J. Linn Allen and J. Linn Allen,Chicago Tribune | May 31, 1992
CHICAGO -- The Federal Home Loan Mortgage Corp. kicked off a program Wednesday that could make billions of dollars in loans available for low- and moderate-income rental housing around the country.The federally chartered agency, known as Freddie Mac, announced the first deal in a $100 million multifamily-housing pilot program, involving a package of loans totaling $5 million held by Harris Bank.The loans were made on eight Chicago buildings with a total of 219 apartment units.Jack Weir, president of the New York-based Local Initiatives Managed Assets Corp.
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NEWS
May 7, 2006
The National Council of Jewish Women, Howard County section, is holding a multifamily yard sale from 8 a.m. to 2 p.m. today, rain or shine, at 5005 Straight Star Place, off Harpers Farm Road. Furniture, new jewelry, household items, art, books, new baby items, adult clothing and other items will be for sale. Proceeds will help support local charitable activities that address the needs of women, children and the elderly. Information: Judy Rivkin, 410-465-5567. Family support group is to meet Tuesday The Howard County chapter of NAMI, the National Alliance on Mental Illness, will hold a meeting of its family support group at 7:30 p.m. Tuesday at Harmony Hall Retirement Community, 6336 Cedar Lane.
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BUSINESS
November 3, 2002
Housing starts in Sept. at highest level since June 1986 "Housing starts rebounded in September to their highest rate since June 1986 supported by the lowest mortgage interest rates since the 1960s," said Robert J. Sheehan, consulting economist for the National Apartment Association. "Housing starts had declined moderately in the three previous months. And single-family starts increased to their highest rate since November 1978. Also, multifamily starts fell slightly, but remain at a very high level," Sheehan said.
NEWS
February 15, 2006
ISSUE: Two Annapolis city council members are seeking to limit the density of developments along the outer West Street corridor, where major office and residential projects are fast overshadowing older homes and storefronts. Prompted by concerns that the thoroughfare is being overdeveloped, Aldermen Josh Cohen and Samuel E. Shropshire have proposed an ordinance that would limit the density of multifamily developments to 35 units an acre, a 20 percent reduction from current standards. YOUR VIEW: Should the city council limit the density of new developments along West Street outside downtown?
BUSINESS
By J. Linn Allen and J. Linn Allen,Chicago Tribune | May 10, 1992
CHICAGO -- The Federal Home Loan Mortgage Corp. kicked off a program last month that could make billions of dollars in loans available for low- and moderate-income rental housing around the country.The federally chartered agency, known as Freddie Mac, announced the first deal in a $100 million multifamily-housing pilot program, involving a package of loans totaling $5 million held by Harris Bank.The loans were made on eight Chicago buildings with a total of 219 apartment units.Jack Weir, president of the New York-based Local Initiatives Managed Assets Corp.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun Staff Writer | July 30, 1995
Easing fears that congressional budget slashing would halt ++ efforts to build and renovate affordable apartments in Maryland over the next few years, lawmakers partially restored funding to a federal housing program late last week.The House voted Thursday to retain Federal Housing Administration mortgage insurance for multifamily housing, a turnaround from an earlier bid that threatened the construction, renovation or refinancing of up to 21 privately owned projects with more than 4,000 market-rate apartments.
NEWS
By Greg Tasker and Greg Tasker,Staff writer | June 12, 1991
Apparently Councilman Thomas J. Denike received an "A" on his homework.City Attorney Thomas F. Stansfield presented the City Council Monday with a draft sprinkler ordinance that contains the recommendations Denike, the council's newest member, outlined at a special meeting last month.Denike made his recommendations, which would overhaul the city's existing ordinance, after researching state and county requirements for sprinkler systems in new commercial construction, building renovations and residential dwellings.
BUSINESS
November 17, 2002
Total housing permits in the Baltimore-Washington region increased 7 percent during the first three quarters of this year to 38,861 units vs. 36,282 a year ago. Single-family permits increased 6 percent, and multifamily activity rose 11 percent. Permits rose 23 percent in the Hagerstown area, 9 percent in the Baltimore area and 6 percent in the Washington area, according to Robert J. Sheehan, president of Regis J. Sheehan & Associates, a management and market research firm based in McLean, Va. In September, housing-permit activity in the region rose for the third straight month, driven by 40-year lows in mortgage interest rates, Sheehan said.
NEWS
June 29, 1998
RISING LAND values and restrictive zoning codes have created a lack of affordable housing in Westminster, according to the city's land-use plan report.City zoning laws sanction only construction of single-family homes. At an average price in Carroll County of nearly $160,000, these houses are beyond the financial reach of many buyers.The comprehensive plan developed by city staff and citizen advisers urges a diversity of housing types, including rental units and multifamily dwellings.While the plan doesn't mention low-income or subsidized housing, the intent of such changes would be to support more affordable housing.
NEWS
December 10, 1992
Manchester tables trash collection billDuring its regular meeting Tuesday, the Manchester Town Council tabled discussion of a proposal that would require owners of multifamily dwellings to pay for their trash collection.Town Manager Terry Short said the town now pays for the service. He said the cost is about $84 a year per unit, for collection and disposal.The money to pay for the service comes from town real estate taxes.Mr. Short said about 83 percent of the real estate tax money is budgeted for trash collection, although not that much will be spent because the town has negotiated a better contract and dropped service for business trash bins.
BUSINESS
By Sharon Stangenes and Sharon Stangenes,CHICAGO TRIBUNE | July 27, 2003
CHICAGO - A building material once used for basements in the Chicago area has moved upstairs, sometimes several stories up, in the construction of midrise, multifamily condominium buildings and single-family houses in some of the city's trendiest neighborhoods. Available now in a variety of guises, including a simulated-stone variety called split-face concrete block, concrete masonry units (CMUs) became a popular material choice when infill building began to boom in the city. Cheaper than brick, concrete block can be used as the structural skeleton of the building and its exterior wall.
BUSINESS
November 17, 2002
Total housing permits in the Baltimore-Washington region increased 7 percent during the first three quarters of this year to 38,861 units vs. 36,282 a year ago. Single-family permits increased 6 percent, and multifamily activity rose 11 percent. Permits rose 23 percent in the Hagerstown area, 9 percent in the Baltimore area and 6 percent in the Washington area, according to Robert J. Sheehan, president of Regis J. Sheehan & Associates, a management and market research firm based in McLean, Va. In September, housing-permit activity in the region rose for the third straight month, driven by 40-year lows in mortgage interest rates, Sheehan said.
BUSINESS
November 3, 2002
Housing starts in Sept. at highest level since June 1986 "Housing starts rebounded in September to their highest rate since June 1986 supported by the lowest mortgage interest rates since the 1960s," said Robert J. Sheehan, consulting economist for the National Apartment Association. "Housing starts had declined moderately in the three previous months. And single-family starts increased to their highest rate since November 1978. Also, multifamily starts fell slightly, but remain at a very high level," Sheehan said.
BUSINESS
October 6, 2002
The lowest mortgage interest rates since the 1960s again spurred housing construction during August in the metropolitan areas of Washington, Baltimore and Hagerstown. Housing permits in those areas increased 19 percent over August 2001, said Robert J. Sheehan, president of Regis J. Sheehan & Associates, a management and market research firm based in McLean, Va. Permits were issued in the Baltimore-Washington-Hagerstown region for 4,377 units in August vs. 3,691 units a year ago. Multifamily permits increased 52 percent to 636 units from 419 units a year earlier.
BUSINESS
By SPECIAL TO THE SUN | September 22, 2002
"Housing starts dropped for the third straight month in August as homebuilders reacted to the sluggish economy and disarray in the stock market," said Robert J. Sheehan, consulting economist for the National Apartment Association. Sheenhan added, "Housing starts, in spite of the recent declines, remain at relatively high levels as a result of the lowest mortgage interest rates since the 1960s." Housing starts fell 2.2 percent in August to a 1.609 million-unit seasonally adjusted annual rate, from a revised 1.645 million-unit rate for July, according to the U.S. Department of Commerce.
BUSINESS
February 13, 2000
Urban lofts and the return of condominiums top the list of trends to watch in multifamily housing this year, according to Van Tilburg, Banvard and Soderbergh AIA, a leading multifamily architecture firm. "Most interesting is that apartment dwellers are asking for in-home offices and the latest technology, but, at the same time, desire top-quality materials and special extras such as dual shower heads," said Johannes Van Tilburg, president of the Santa Monica, Calif., firm. Van Tilburg, Banvard and Soderbergh reports that apartment lofts and urban condominiums are becoming popular in major metropolitan areas, and that builders are adding into the mix 500-square-foot studios and three-bedrooms of up to 2,000 square feet.
BUSINESS
February 13, 2000
Urban lofts and the return of condominiums top the list of trends to watch in multifamily housing this year, according to Van Tilburg, Banvard and Soderbergh AIA, a leading multifamily architecture firm. "Most interesting is that apartment dwellers are asking for in-home offices and the latest technology, but, at the same time, desire top-quality materials and special extras such as dual shower heads," said Johannes Van Tilburg, president of the Santa Monica, Calif., firm. Van Tilburg, Banvard and Soderbergh reports that apartment lofts and urban condominiums are becoming popular in major metropolitan areas, and that builders are adding into the mix 500-square-foot studios and three-bedrooms of up to 2,000 square feet.
BUSINESS
October 6, 2002
The lowest mortgage interest rates since the 1960s again spurred housing construction during August in the metropolitan areas of Washington, Baltimore and Hagerstown. Housing permits in those areas increased 19 percent over August 2001, said Robert J. Sheehan, president of Regis J. Sheehan & Associates, a management and market research firm based in McLean, Va. Permits were issued in the Baltimore-Washington-Hagerstown region for 4,377 units in August vs. 3,691 units a year ago. Multifamily permits increased 52 percent to 636 units from 419 units a year earlier.
BUSINESS
November 21, 1999
The housing market was full of ups and downs in the third quarter as existing-home sales in most states were on the rise, while construction of new homes slowed across the country during the same period.The National Association of Realtors reports that total sales of existing homes rose in 38 states and the District of Columbia in the quarter, with the strongest increase coming in Vermont.Maryland was among nine states that recorded at least a double-digit increase in the third-quarter resale rate compared with 1998.
NEWS
June 29, 1998
RISING LAND values and restrictive zoning codes have created a lack of affordable housing in Westminster, according to the city's land-use plan report.City zoning laws sanction only construction of single-family homes. At an average price in Carroll County of nearly $160,000, these houses are beyond the financial reach of many buyers.The comprehensive plan developed by city staff and citizen advisers urges a diversity of housing types, including rental units and multifamily dwellings.While the plan doesn't mention low-income or subsidized housing, the intent of such changes would be to support more affordable housing.
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