8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

September 12, 2017

Steadfast Income REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	000-54674	27-0351641
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

18100 Von Karman Avenue, Suite 500

Irvine, California 92612

(Address of Principal Executive Offices, including Zip Code)

Registrant’s telephone number, including area code: (949) 852-0700

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure

On September 12, 2017, Steadfast Income REIT, Inc. (the “Company”) posted on its website an update regarding the impact of Hurricane Harvey on the Company’s properties in the Houston area. The full text of the notice is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibits	Description
99.1	Update regarding Hurricane Harvey

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		STEADFAST INCOME REIT, INC.
Date:	September 12, 2017	By:	/s/ Kevin J. Keating
			Kevin J. Keating
			Treasurer

EX-99.1

EXHIBIT 99.1

September 12, 2017

Dear Advisors, Investors and Partners,

Steadfast Income REIT has completed the initial damage assessment on our Houston-area properties following Hurricane Harvey, and wanted to provide you with an update.

The Steadfast Income REIT portfolio spans 65 properties in 11 states, and only 9 of these properties were impacted by the hurricane. Considering the significant destruction throughout the region, we are incredibly fortunate that less than 10% of the nearly 2,700 apartment homes Steadfast Income REIT owns in the area sustained any damage:

• 255 apartment homes sustained minor damage from roof leaks and water intrusion.

• 7 vacant units were completely flooded.

• A few onsite facilities (including clubhouses, leasing offices and laundry facilities) sustained minor damage.

• Our management teams have contracted with remediation companies trained in the proper methods for handling water intrusion, and we expect that the repair work will be completed over the next two weeks.

• We are working to keep residents apprised of the timeline for repairs, and wherever necessary, have relocated residents to other apartment homes for the duration of the remediation.

We have contacted our insurers and the adjusters will be evaluating the situation. When dealing with claims from a named storm like Hurricane Harvey the insurance process takes more time to determine what damages are covered under respective policies. While the REIT will incur some repair costs, we are fortunate that the impact and loss exposure at each of our affected properties appears not to be material.

However, the offsetting benefit for apartment owners like Steadfast Income REIT is that we have begun to see increased leasing traffic at our Houston properties from area residents as well as corporate housing groups positioning employees in the area for long-term project management.

As the president of a $2 billion REIT, it is easy to get caught up in the facts and figures associated with an event like this. However, I would be remiss if I didn’t recognize the distinctly human side of our business. While many of our management and property associates are dealing with their own personal impacts from the storm, they are working tirelessly to help displaced residents from the Houston area at large, and are taking great pride in welcoming many new residents who now call a Steadfast Income REIT apartment “home”.

Best regards,

Ella Neyland

President

Steadfast Income REIT