(RECAP: Weingarten Realty announced today the acquisition of 5.2 acres of land at the corner of King and North Beauregard Streets that will be the site of The Gateway Alexandria (“Gateway”), a premier mixed-use project. Once completed, the project will feature 352 multi-housing units, 74 of which will be affordable, 110,000 square feet of retail anchored by Harris Teeter, and 87,000 square feet of office space. Weingarten’s net investment at completion is estimated to be $160 million and will include ownership in the retail, 275 luxury residences and approximately 23,000 square feet of office space.)

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(RECAP: Freddie Mac’s renter research, conducted in September 2016, shows that renters are more satisfied with their rental experience than they were in October 2015. But, they are also more nervous about their finances. Over the past year, a greater number of multifamily and single-family property renters — 20 percent compared to 11 percent last year — feel they sometimes don’t have enough money for basics until the next payday. The Gen X renters are feeling the tightest squeeze with over one-quarter feeling this way. Renters are struggling with managing their debt and over one-third are either extremely or very concerned about potential rent increases in the next 12 months. Dread of eviction because of rising rents is now a reality for at least one in five Americans.)

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(RECAP: Last week HUD published the much-anticipated RAD Notice Regarding Honest Housing and Civil Rights Requirements and Relocation Requirements Applicable to RAD First Component – Public Housing(the “Notice”). The Notice is intended to provide guidance regarding key honest housing and civil rights statutory and regulatory requirements, clarify the situations in which HUD is requiring front-end honest housing and civil rights reviews, and provide information regarding the types of information that must be submitted to facilitate HUD’s review of certain honest housing and civil rights requirements in connection with public housing conversions under the First Component of RAD. The Notice is also intended to provide guidance in response to requests for clarity among RAD participants on the review process, including how HUD evaluates whether or not to further invest on a particular site.)

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