Multifamily Events at International Builders’ Show
Today, Jan. 5, is the last day to register online for the International Builders’ Show. (You can still register onsite.) You don't want to miss the host of Multifamily-focused educational events, or the members-only Developers Reception, so sign up now!

View this page for more information on IBS, and to register online to attend the show. The full, updated Multifamily schedule of special events and educational seminars is available at this link. And Multifamily members who have not yet registered to attend the Developers’ Reception or the New Members’ Lunch should log on to www.nahb.org/multifamily and click on the "About Multifamily" heading for a link to register online. Or, you can e-mail Lawrence McFadden if you’re having problems registering for either of those member-only events.

Finance: When Bad Things Don’t Happen…That’s Good News
The Federal Housing Finance Board (FHFB), at its  December 22nd meeting, withdrew its proposal concerning retained earning/dividends at Federal Home Loan Banks. The withdrawn proposal would have required each Bank to hold retained earnings of at least $50 million plus 1% of nonadvance assets. It also would have required Federal Home Loan Banks not in compliance to cut their dividends by 50%. Had it been enacted, the provision might have had an adverse impact on the amount of money available to lenders for affordable multifamily developments.

Retained earnings will be addressed in a future rulemaking, but it is looking less likely that any such future proposal will be as stringent as the one that was withdrawn – one that was described by one of the FHFB directors as “draconian.” For more information, e-mail Donna Ely or call her at 800-368-5242 x8529. [return to top]

Calendar: Pillars Conference and Gala — April 11-13
The upcoming Pillars of the Industry Conference and Awards Gala will be held at the Westin Diplomat Resort and Spa, in Hollywood, Fla., April 11-13, 2007. The venue has a lovely beachfront location, featuring a variety of water sports and sport fishing opportunities, as well as a full spa facility for off-hours relaxation. Of course, as always, the educational programs will feature a top-flight roster of speakers drawn from upper-tier industry leaders. For more information or to register online, view this page. [return to top]
Resources: New offer from GM; RAM Self-Study Guide
 

  • NAHB Members Can Save $500 in Addition to Other Incentives on GM Vehicles

This $500 exclusive offer applies to most GM passenger cars, light-duty trucks, vans and SUVs. All eight GM nameplates are included in the offer: Chevrolet, Pontiac, Buick, Cadillac, GMC, Saturn, Saab and HUMMER. (The vehicles excluded from this offer are Cadillac XLR, XLR-V, STS-V, Chevrolet Corvette Z06 and SSR, HUMMER H1, Saturn Sky and Pontiac Solstice. Medium duty trucks are also excluded.)

The $500 can be combined with most retail national and regional incentives in effect at the time of delivery. For complete details about this offer, visit NAHB’s Member Advantage Web page.

  • Self-Study Guide for Registered in Apartment Management (RAM) Designation

A new self-study guide designed to prepare property management professionals for the Registered in Apartment Management (RAM) designation has been released by NAHB’s University of Housing. The study guide is a companion to the new RAM textbook, Residential Property  Management. RAM candidates who use the self-study guide are eligible to sit for the RAM exam without completing the 40 hours of course work usually required to earn the designation. Exams are offered at the National Housing Center in Washington, DC, as well as at local Home Builders Associations across the country. RAM is the longest-running, most respected property management education and designation program in the industry.

To obtain the self-study materials or to register for the exam, e-mail RAMinfo@nahb.org or call the Professional Designation Helpline at 800-368-5242 x8154.

  [return to top]

January 5, 2007

 
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