“Rent control has consistently proven to be a failed policy that discourages new construction, distorts market pricing, and leads to a degradation of the quality of rental housing – the exact opposite of what is currently needed in markets throughout the country," --MBA President and CEO Bob Broeksmit, CMB on the planned announcement to impose a 10% limit on annual rent hikes at properties supported by LIHTC

The Mortgage Bankers Association’s Commercial Certified Mortgage Servicer Society’s Philanthropic Committee has launched CCMS Cares: Supporting Families in Need, a year-long campaign seeking to support families burdened by the extraordinary expense of caring for a critically ill or injured child.

The U.S. Census Bureau reported construction spending dipped again during February to a seasonally adjusted annual rate of $2,091.5 billion, 0.3% below January’s $2,096.9 billion figure.