CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

MBA Mobilizes Against California Rent Control Proposal

In California, propositions–ballot initiatives that give voters tremendous influence in public policy–are a way of life (think Howard Jarvis and Proposition 13, the landmark 1978 measure that capped state property taxes). But the Mortgage Bankers Association says one such ballot initiative this November could have unintended consequences for affordable housing.

MBA Asks Treasury, IRS to Clarify Business Income Deduction Rules

The Mortgage Bankers this week urged the Treasury Department and the Internal Revenue Service to further clarify its rules governing qualified business income deductions under Section 199A of the Internal Revenue Code.

Affordable Housing Vacancy Rates Stay Tight

The affordable housing sector’s vacancy rate remained tight at 2.0 percent for the third consecutive time in the second quarter, reported Reis, New York.