Behind the Housing Supply Action Plan
President Biden's ambitious new initiative aims to create and preserve hundreds of thousands of affordable homes in the next three years, with more to come later.
The Multifamily Minute takes a look at the latest news and trends across the multifamily industry, featuring content from Janover.Ventures’ affiliated sites.
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What Is a Step-Down Prepayment Penalty?
Looking to pay off your mortgage early? Not so fast — be sure you are aware of any penalties that may apply. One of the most common is a step-down prepayment penalty, which offers a gradual reduction, or step down, of a penalty the longer a borrower waits to prepay. Find out how these penalties work and their most common configurations on the Multifamily.Loans blog.
Got a Lease-Up Problem?
Look no further. The lease-up period is one of the most critical steps on the journey to a profitable multifamily development. Read Apartment.Loans’ analysis of the three largest challenges an investor or developer may face to figure out how best to get your project up and running and — most importantly — occupied.
Calculate Your Cap Rate
Following the Fed’s announcement of an interest rate hike of 50 basis points, many investors are looking to see how it could affect multifamily cap rates, which have been at historic lows. While the rate increase may mitigate some of the compression, cap rates are still broadly expected to continue fall — though perhaps at a slightly slower pace. Check out HUD.Loans’ calculator to get a picture of your asset’s cap rate.
Biden’s Affordable Housing Plan
The ambitious initiative could close the affordable housing gap in the next five years, the administration claims. The plan includes a number of immediate actions — some of which have already taken effect — along with a wide range of legislative and administrative priorities, all aimed at boosting the housing supply and encouraging more development activity. Find out more on our analysis at Multifamily.Today.