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#2151323 - 10/26/17 07:52 PM Property Type
Bville Offline
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Will property type (1-4, manufactured, multifamily) no longer be a LAR entry? It appears maybe they plan to get that information in other ways. . . we say whether it is manufactured, we list total units . . . I'm just not seeing it today.

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#2151326 - 10/26/17 07:58 PM Re: Property Type Bville
raitchjay Online
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You're right.....i had the same revelation a few months back.....it's not a field unto itself any longer.
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#2151345 - 10/26/17 09:28 PM Re: Property Type Bville
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How did I miss that for so long?!

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#2151428 - 10/27/17 03:36 PM Re: Property Type Bville
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Is there any place now that we report a property as multifamily? Total units doesn't do it because a 5 in that field could be 5 individual homes on separate properties.

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#2151454 - 10/27/17 04:29 PM Re: Property Type Bville
Dan Persfull Offline
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Is there any place now that we report a property as multifamily?

Code 3 under the Property Type section.
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#2151650 - 10/30/17 05:14 PM Re: Property Type Dan Persfull
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I researched and found this thread.

Property type under new HMDA rules

Answered by:

Kathleen Blanchard

Question:

Is it true that property type will no longer be reported under the new 2018 HMDA rules?

Answer:

That is correct. You will no longer report if a property is 1-4 family, multi-family or manufactured home. Instead, property type has been replaced with 5 new fields.
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#2151655 - 10/30/17 05:48 PM Re: Property Type Bville
RR Joker Offline
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I probably shouldn't assume, but I'm thinking Dan read 'now' in a literal sense.

Having said that, it leads me to a question that I haven't found the answer to yet...

If you have a multi-family dwelling, and you answer the affordable units question with a zero [is this allowed] if there are none, or the number, if there are some, is this the driving factor of determining that a property actually is Multi?

Goes back to looking for the answer.
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#2151659 - 10/30/17 05:52 PM Re: Property Type Bville
RR Joker Offline
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yep, that is the driving factor.

you will have NA if it's NOT multi-family property and you will have 0 - whatever for the affordable unit piece if it is.
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#2151660 - 10/30/17 05:58 PM Re: Property Type Bville
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We are having the same discussion, if we answer five or greater for data field number 91, Total Units, and have zero multifamily affordable units...Do we answer "zero" or "NA"?
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#2151661 - 10/30/17 06:02 PM Re: Property Type Bville
Skyline Offline
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And, what if the single owner of a condo located within a multifamily complex doesn't know if any of the units are subject to affordable housing?
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#2151664 - 10/30/17 06:06 PM Re: Property Type Bville
raitchjay Online
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If you have an interest in only a single family condo, then i'm thinking you would put "NA" for the affordable units field.
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#2151665 - 10/30/17 06:07 PM Re: Property Type Bville
raitchjay Online
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And if secured by a multi-family that has no affordable units, you'd put "0" IMO.
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#2151674 - 10/30/17 06:26 PM Re: Property Type Bville
Dan Persfull Offline
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I probably shouldn't assume, but I'm thinking Dan read 'now' in a literal sense.

You assumed correctly because that is how the question was asked.

Is there any place now that we report a property as multifamily?

We now report multi-family dwellings as a Code 3 under Property Type.
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#2151676 - 10/30/17 06:37 PM Re: Property Type Bville
RR Joker Offline
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I thought so, but since it was in the 2018 thread, I read it in a different context.
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#2151717 - 10/30/17 09:16 PM Re: Property Type Bville
Bville Offline
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It was poor wording on my part. Sorry.

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