2021 News, news, & more news

Industry News,
Complaints about military housing at Ft Gordon, Ft Stewart at the center of $65 million case against Balfour Beatty Communities


Almost of half of state rental assistance applications are denied, according to records requested by advocate organization
CBRE projects a record breaking year for multifamily investment
Experts predict housing demand, affordability will be key focus in 2022
Pandemic brings major increases in rental rates in Georgia
DCA tells state lawmakers they expect Treasury to approve the voluntary reallocation of ERA money to local govs early next year


Local governments are almost done spending ERA1 money, but could have more to spend if Treasury signs off on DCA transferring funds
NMHC Rent Tracker for week 1 December77.1% rents paid on time, follows 93.1% collections in November
Augusta apartments with multiple code violations catches fire, leaves 15 people temporarily homeless
TransUnion study shows rent payment history provides more predictable credit performance, Freddie Mac has initiative to encourage rent payment reporting to credit agencies
Evictions up as Georgia lags in rental assistance
National median rent increases by 17.8% through 2021


More than 2.5 million Emergency Rental Assistance payments have been distributed, totaling more than $2.8 billion
December ApartmentList Rent Report: rent growth continues to taper off, just 0.1% increase nationally, 0.3% in Atlanta, slowest rate of increase all yearhttps://www.apartmentlist.com/research/national-rent-data
Georgia officials outline plan to speed up rental assistance distribution
Rent control policies back in vogue as officials try to contain rising rent prices
Rent growth continues across the US but at a slower pace
How the $1.2T infrastructure affects multifamily
National group calls Georgia’s rental assistance program “one of the worst in the country”
Renter migration report: 41% of apartment hunters are looking to move, 25% of people looking to move to Atlanta are coming from outside the metro area
Protestors blast DCA for slow pace of rental assistance
Rent inflation is Biden’s next headache
Gen Z thinks homeownership is less important and less likely than Millenials

NMHC rent tracker for Nov 6th 2021. Rent collections down this week by more than 2% compared to Nov 2020
Greystar sells 30 multifamily properties throughout the US for $3.6 billion
Affordable housing assets are less affordable as market surges, state subsidies still needed to produce affordable housing