KWA

Multifamily Executive Names KWA Construction a Top 20 National General Contractor

Posted on 13. Jun, 2012 by KWA.

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June 12, 2012 - Multifamily Executive (MFE) magazine ranked KWA Construction number 20 in its Top 25 National General Contractors list, published last week. The MFE Top 25 General Contractors list is part of MFE’s annual Top 50 rankings that represent industry benchmarks on both national and state levels.

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FHA Multifamily Deal of the Month Hillside West Apartments, Fort Worth, TX

Posted on 18. Mar, 2012 by KWA.

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FORT WORTH (March 16, 2012) – FHA Multifamily News announces KWA Construction’s project Hillside West Apartments as Deal of the Month.

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Proposal to Eliminate the Low Income Housing Tax Credit

Posted on 08. Aug, 2011 by KWA.

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Senator Tom Coburn recently proposed to eliminate the Low Income Housing Tax Credit in his recently released deficit reduction plan. Per the U.S. Department of Housing and Urban Development, The Low Income Housing Tax Credit (LIHTC) Program was created by Congress to generate equity capital for the construction and rehabilitation of affordable rental housing. Without [...]

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Wood Frame Building Brings Projects Back to Life

Posted on 08. Dec, 2010 by KWA.

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The Asher condominium project in Alexandria, Va., was originally supposed to be a concrete building. Then the recession hit. Unlike a lot of its brethren, however, the project came back to life when the McLean, Va.-based Jefferson Apartment Group and Alexandria, Va.-based Erkiletian entered the picture, bringing with them lumber. To become a reality, The [...]

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Homeowner Exodus

Posted on 08. Dec, 2010 by KWA.

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Apartment executives still puzzling over improving occupancies in the absence of job growth need look no further than housing tenure data gathered annually from the American Community Survey (ACS), conducted by the U.S. Census Bureau and most recently released in September. Housing tenure, which measures the balance between owner-occupied and renter-occupied housing units (both multifamily [...]

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New Requirements May Mean Longer Wait for FHA Loans

Posted on 25. Aug, 2010 by KWA.

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The Federal Housing Administration (FHA) recently unveiled sweeping changes to its multifamily programs, making it tougher on market-rate deals. As expected, the FHA tweaked underwriting standards for its new construction and refinancing programs, lowering leverage levels, upping debt service requirements, and increasing reserve requirements. The changes were initially announced at the MBA/CREF convention in February. [...]

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Industry Slowed By FHA

Posted on 06. Jul, 2010 by KWA.

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An FHA slowdown has been in affect lately as HUD re-evaluates market studies in determining need for multi-family construction projects. The FHA 221(d)(4) applications have a failure rate of around 43% and HUD has been changing the underwriting standards for the 221(d)(4) loans making it harder for developers to be approved for funds. Along with [...]