February 2009
Newsletter
Multifamily February 2009 Newsletter
Management
Last month Doug Chasick discussed how your service team can impact you by unknowingly violating Fair Housing laws. Remember, in Part I, Doug pointed out that there are still plenty of six and seven-figure awards being made in fair housing complaints and lawsuits, and many of these are service team related, and what steps you can take to protect yourself. Read Part II for the rest of Doug’s tell-it-like-it-is tips.
Marketing
Learn how marketing through social media can be a powerful tool to interact with new business opportunities in the multifamily industry. Read this insightful article from industry veteran Israel Carunungan.
Training
Learn the reasons behind why people are resistant to training and discover what to do about it from motivational speaker Denise Ryan. Read More
Industry News
HUD Announces $63,000 Settlement in Housing Discrimination Case
HUD charged the Mississippi Regional Housing Authority, No. VIII (MRHA), of Gulfport, Sun Belt Management Company, Inc., and Oakridge Park Apartments, Ltd., in Biloxi, with denying a disabled resident an available first-floor apartment, in violation of the federal Fair Housing Act. Read the story here:
Obama to Redirect TARP on Housing
The focus of the Treasury Department's $700 billion Troubled Asset Relief Program (TARP) could soon shift from recapitalizing banks to helping troubled homeowners avoid foreclosure and stimulating demand for housing. President Barack Obama has requested access to the remaining $350 billion of the $700 billion financial industry bailout package so he would have "ammunition" if the U.S. financial system deteriorates further. Read the story here:
NMHC Survey – Job Losses, Credit Market Conditions Challenge the Apartment Sector
The latest Quarterly Survey of Apartment Market Conditions (conducted January 5-12, 2009) from the National Multi Housing Council has just been released. Responses from 113 CEOs and other senior executives of apartment-related firms nationwide who serve on NMHC’s Board of Directors or Advisory Committee were compiled for the survey. Although the demand for apartments is in a down cycle, it’s believed that long-term prospects for the sector are strong, due to the increasing number of people between 20-34 years of age who will be entering the rental market. Check out the survey at:
