Apartment Trends Magazine March 2016 | Page 37

In addition, we are partnering with regulatory officials to ensure that actions through notices, rules and regulations are consistent with our industry’s observed best practices for bed bug management. HUD Cuts Multifamily Mortgage Insurance Rates, Spurs Affordability HUD Secretary Julián Castro announced on Jan. 28 that the Federal Housing Administration (FHA) will cut multifamily mortgage insurance rates to spur the financing of affordable housing and energy-efficient apartments. According to the announcement, the move will result in the rehabilitation of an additional 12,000 units of affordable housing each year. FHA’s multifamily programs account for 9.2 percent of the total multifamily mortgage market. Expert Pest & Wildlife Solutions for the Front Range HUD anticipates that lowering multifamily in