HUD Relaxes Rules For Refinancing Multifamily Housing
Apartment owners have a new tool available for refinancing existing projects. Since 1975, HUD would not allow the refinancing of a newly constructed or substantially rehabilitated apartment complex that was built with conventional financing, until after the Project maintained 3-years of … Continue reading
New Overtime Salary Threshold Announced by the U.S. Department of Labor Goes Into Effect January 1, 2020
The overtime salary threshold has been a topic of much debate and discussion in the U.S. Department of Labor for the last several years. The Fair Labor Standards Act (“FLSA”) requires employers to pay their employees overtime for all hours … Continue reading