FAA APTitudes Newsletter
 
May 2016 | The monthly e-newsletter of the Florida Apartment Association
What's New in the FAA
At its May meeting in St. Augustine, the FAA board of directors reduced the number of positions on the Executive Committee as well as on the board itself.
 
The conference at the Boca Raton Resort & Club on October 5-7 will celebrate "People, Purpose, Passion" — the three elements every business needs to succeed.
 
Changes to enable all suppliers to Florida’s multifamily industry to be more engaged with FAA members were approved by PSC members at a meeting in St. Augustine on May 5 and ratified by the FAA Board of Directors on May 6.
 
Legislative victories such as those FAA was able to achieve during the Florida's 2016 legislative session depend upon member support of the FAA Apartment Political Action Committee.
 
Since the launch of FAA's Smoke-Free Multifamily Housing Certification late last year, nearly two dozen communities across Florida and representing several management companies have been certified as smoke-free.
 
Nominations for Region 9's 2017-2018 NAA Regional Vice President must be submitted by June 1 in order to be considered for election at the Region IX meeting at 9:45 a.m. on Wednesday, June 15 in San Francisco.​ A 2017-2018 RVP Nomination Form for all Region 9 RVP candidates (term year January 1, 2017 - December 31, 2018) must be completed and returned to Josh Gold no later than Wednesday, June 1. Email josh@faahq.org with any questions.
 
Data collected through the local Association Online Market Survey and reported in the Apartment Market Survey and Trend Report (AMSTR) show all Florida markets have seen growth in both occupancy and average rents.
 
Axiometrics’ list of highest annual effective rent growth shows shifts in ranking among Florida metro areas.
 
BuildingLink.com
The Liberty Group
Cardillo Law Firm
What's New Nationally
The Labor Department issued its final rule today that lifts the overtime pay threshold from $23,660 to $47,476 — impacting an estimated 4.2 million workers nationwide. Effective Dec. 1, executive, administrative and professional employees who are paid by the hour, or earn less than the threshold, will be eligible for overtime pay. NAA/NMHC have worked to overturn this rule since its initial introduction because, in part, it would harm the ability of apartment industry employers to implement, and their employees to take advantage of, flexible scheduling options. The final rule would also limit career advancement opportunities for employees.
 
NAA/NMHC’s new white paper on HUD’s recently-issued guidance on the use of criminal histories in resident screening is now available for NAA members (member login required).
 
Changing ownership of properties is routine in the apartment industry. Doing it right is where the challenge comes in.
 
Spring ushers in a significant spike in spending for multifamily-housing construction, increasing 34.6 percent over last year, reports the National Association of Home Builders.
 
Lifestyle Flooring, Inc
Freddie Mac
Naylor Association Solutions
What's New Around the State
Highlights of Multifamily Housing Deals and Projects Around Florida
 
An NFL Hall of Famer, two HGTV stars and a successful entrepreneur are all gathering at the Moscone Convention Center in San Francisco this June 15 -18 at the 2016 NAA Education Conference & Exposition.
 
Like so many people inside the Washington, D.C., beltway, I am eating my words from 11 months ago — "Donald Trump is not a serious candidate, and there is no way he will get the GOP nomination," I said.
 
Supplier Updates
Changes to enable all suppliers to Florida’s multifamily industry to be more engaged with FAA members were approved by PSC members at a meeting in St. Augustine on May 5 and ratified by the FAA Board of Directors on May 6.
 
Although booths for the 2016 FAA Annual Conference & Trade Show have sold out, numerous opportunities remain for supplier brand exposure.
 
Mark your calendar for 2016 meetings.
 
 

 

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