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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Reading Cooperative Bank v. In the residential setting, this never happens. Suffolk Construction Co. , 543, 553, 984 N.E.2d

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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.

Banking 40
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7 ways multifamily designers can promote wellness in urban communities

BD+C

In response to these changes, we’ve identified design elements multifamily residential developers can use to maximize space while creating a positive impact on residents and the planet. Property Markets Group | X Phoenix. X-Phoenix pushes the boundaries of what wellness means—spaces that address both the body and the mind.

Design 59
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Promoting wellness in urban communities

BD+C

In response to these changes, we’ve identified design elements multifamily residential developers can use to maximize space while creating a positive impact on residents and the planet. Property Markets Group | X Phoenix. X-Phoenix pushes the boundaries of what wellness means—spaces that address both the body and the mind.

Phoenix 59
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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. Last week the U.S. real estate since the invention of the glass window.

Finance 120
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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Commercial PACE programs are still very new. Maryland is typical.

Baltimore 120
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Housing’s Great Rethink: Workforce Development Takes Center Stage

Pro Builder

The construction industry is also dealing with what has been a 25-year erosion of vocational training and in-school programs, as well as some bitter critics from within its own ranks who effectively shrink the pool of (mostly younger) workers by dissuading them from considering construction jobs as an avenue to job security and fulfillment.