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Year-End Quire Q&A

Year-End Quire Q&A As announced at the beginning of the year, Nova teamed up with Quire, a state-of-the-art report authoring software platform, to enhance our report writing and data collection capabilities. Click here for the original interview with Quire CEO, Kelly L. Stratton, from January 2018. After a year of using Quire, we talked with some Nova experts for their feedback on the partnership, how we benefited, challenges we faced, and what the future may hold. What has been the biggest benefit Quire has offered Nova ... Read more

The Implications of Tariffs on the Construction Industry

The Implications of Tariffs on the Construction Industry There has been a great deal of discussion of late about impending tariffs, including a lack of clarity bordering on confusion about their structure and the short- and longer-term implications for the U.S. construction industry. These concerns are well warranted; the imposition and often mere threat of tariffs can cause price fluctuation in building materials. Steel, lumber, aluminum, and other materials see artificial volatility, thus affecting construction costs from top to bottom on projects ... Read more

Arsenic and Chromium Investigation

Arsenic and Chromium Investigation, A Nova Case Study Nova Investigates Arsenic and Chromium at North Carolina Lumber Yard Nova Consulting Group, Inc. (Nova), was contracted in August 2018 by a developer in Mecklenburg County, North Carolina, to perform a Phase I Environmental Site Assessment at a working lumber yard slated for residential redevelopment. The lumber yard is in the Catawba River Basin’s critical watershed, which provides drinking water for the city of Charlotte, among other municipalities. In 2004, the EPA suggested that two groups ... Read more

New Nova Team Members – December 2018

New To The Nova Team   Read more

Industry Forecast: What to Expect for Commercial Real Estate in 2019

Industry Forecast: What to Expect for Commercial Real Estate in 2019 With a growing economy that’s on track to have the longest period of expansion in decades, if not centuries, the strength of the U.S. commercial real estate market is likely to continue. A recently published report from Deloitte highlights what to expect within the industry throughout 2019, and agility is key. Investor confidence is strong, but there have been shifts in where that capital is going. Here are three key takeaways to help prepare for ... Read more

FHFA Released New Green Lending Requirements for 2019

FHFA Released New Green Lending Requirements for 2019 On November 6, 2018, the Federal Housing Finance Agency (FHFA) announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, unchanged from the 2018 caps. Additionally, the FHFA set new requirements for exclusion from the multifamily cap loans that finance energy- or water-efficiency improvements through Fannie Mae’s Green Rewards and Freddie Mac’s Green Up/Green Up Plus programs. Click here for the official press release. To ... Read more

Tips to Prepare, Plan, and Prevent Disasters

Tips to Prepare, Plan for, and Prevent Disasters Hurricanes, fires, floods, earthquakes, and other natural disasters can lead not only to loss of life but also to devastating property damage. Planning and preparing for these events mitigates risk and makes the recovery process smoother if disaster does strike. While it is human nature to procrastinate or to focus on immediate, day-to-day needs rather than an event that may never occur, recent hurricanes, earthquakes, and other disasters offer a valuable lesson to commercial property ... Read more

New Tax Law a Win for Commercial Real Estate

New Tax Law: A Win for Commercial Real Estate If you’re not already investing in commercial real estate, maybe you should be. The Tax Cuts and Jobs Act of 2017, signed into law last December, represents the most significant and sweeping US tax reform of the last 30 years and is generally viewed as a big win for the commercial real estate (CRE) industry. While it may take years to see the law’s full effects, certain new provisions will have substantive impact ... Read more

New Nova Team Members – September 2018

New To The Nova Team     Read more

A Refresher on the HUD CNA e-Tool

Helping you Streamline the HUD CNA e-Tool Process Download the current version of the CNA e-Tool here: https://www.hud.gov/program_offices/housing/mfh/cna/atu Validate the CNA e-Tool here: https://webapps.hud.gov/CNAeTool/faces/CnaValidation CNA e-Tool instruction: https://www.hud.gov/sites/documents/INSTRUCTFORCNATOOL.PDF   The Value of the CNA e-Tool The Capital Needs Assessment (CNA) e-Tool automates and standardizes the preparation, submission, and review of a capital needs assessment. As of February 1, 2018, use of the CNA e-Tool is mandatory for all Federal Housing Administration (FHA) multifamily mortgage insurance applications, Rental Assistance Demonstrations (RAD) conversions, and 10-year update capital needs assessments ... Read more
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