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Affordable housing

Bipartisan legislation aims to expand ADU financing

accessory dwelling units, Affordability, Affordable housing, Homebuilders, Housing Inventory, Housing Market, HUD, HWmember, Legislation, Mortgage Bankers Association, NAHB, Politics, U.S. House of Representatives /

A bipartisan bill introduced last week in the U.S. House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs). Reps. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.) unveiled H.R. 4568 — the Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act. The proposed legislation would […]

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Bill to expand ADU financing introduced in Congress

Affordable housing, Politics and policy /

A new bill proposed in Congress would make it easier for homeowners to build accessory dwelling units on their properties, a step supporters say will help alleviate the nation’s housing affordability crisis. The legislation, called the SUPPLY Act, aims to expand access to second mortgages for homeowners who want to build an ADU by making

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3 charts that show why renters struggle to become homeowners

Affordable housing, Data & Visuals, Homeownership, Housing Market, HWmember, National Low Income Housing Coaltion, Rent Prices, Renters /

Record-high home prices and persistently elevated mortgage rates have made the housing market difficult for homebuyers and the industry alike — and not even this year’s significant growth in supply seems to be helping. It’s been particularly difficult for prospective buyers who are currently renters, as renters are dealing with an affordability crisis of their

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Minnesota housing program under federal fraud investigation

Affordable housing, FBI, Housing Crisis, Housing Market, HWmember, Minnesota, Regulatory /

Federal agents are probing what they describe as a massive scheme to defraud Minnesota’s Housing Stabilization Services program, according to a search warrant. Numerous outlets reported that a federal investigation is targeting a Medicaid-funded benefit created in 2020 to assist people with disabilities, mental illnesses, substance use disorders and seniors in securing and maintaining housing.

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Bill aims to construct homes with proceeds from future GSE release

Affordability, Affordable housing, Fannie Mae, Freddie Mac, GSE Reform, Homebuilders, Homeownership, House of Representatives, Housing Market, HWmember, Legislation, Rental Properties /

U.S. Reps. Tom Suozzi (D-N.Y.) and Nicole Malliotakis (R-N.Y.) have introduced the Housing for US Act — a bipartisan proposal aimed at easing the national housing shortage by investing federal funds into the construction of millions of new homes for middle-class Americans. The bill, which is currently awaiting committee review, calls for up to $250

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In Northern Virginia, senior housing has a supply-and-demand ‘disconnect’

Affordable housing, Aging in Place, HUD, HWmember, Rental Assistance, Retirement, Reverse, Virginia /

It’s no secret that low-income housing options are in short supply across much the country. And a report this week out of Fairfax County, Virginia, illustrates the challenges that seniors can face when trying to find subsidized housing. Fairfax County, which borders the District of Columbia and is home to about 1.1 million residents, is

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State AGs oppose HUD’s plan to roll back fair housing marketing rules

Affordable housing, California, Discrimination, Fair Housing, Housing Market, HUD, HWmember, Marketing, Regulatory, Regulatory Compliance /

California Attorney General Rob Bonta — along with a coalition of 20 other attorneys general — is urging the U.S. Department of Housing and Urban Development (HUD) to abandon a proposed rule that would eliminate federal requirements prohibiting discriminatory marketing of affordable housing. In a letter sent to HUD on Thursday, the attorneys general argued

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Gen Z and other homeowners to delay repairs due to economy

Affordable housing, Economy, Housing markets, Servicing /

A side effect of the rising costs of homeowners’ insurance is that mortgage borrowers elect to reduce coverage or take a higher deductible in order to reduce premiums. In either case, such actions could leave them underinsured and/or unable to finance repairs. This increases borrower default risk for mortgage servicers, and affects the value of

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Walker & Dunlop closes $240 million affordable housing fund

Affordable housing, Homebuilders, Housing Market, HWmember, Low-Income Housing Tax Credit, Multifamily Housing, Rental Properties, Walker & Dunlop /

Walker & Dunlop has announced the closing of a $240 million Low-Income Housing Tax Credit (LIHTC) fund — the largest in the firm’s history — that’s aimed at supporting the development of affordable housing across 10 states. Fund 124 will finance 18 housing developments totaling 1,701 units in California, Texas, Maryland, Utah, Missouri, Michigan, Connecticut,

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Budget resolution clears a hurdle, more to come

Budget resolution clears a hurdle, more to come

Affordable housing, Politics and policy, Private activity bonds, SALT deduction, Trump administration /

“We are looking at the opportunity to make the 2017 tax relief permanent,” said Senate Leader John Thune during a floor speech on Saturday. “We’re adding to the 2017 tax relief with new pro-growth provisions, like a provision to boost domestic manufacturing by implementing full expensing for new factories and factory improvements.  Thanks to the pro-growth provisions

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