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Bipartisan RESIDE Act aims to convert vacant spaces into housing

Affordability, Affordable housing, Congress, Housing Inventory, Politics, Real Estate, U.S. House of Representatives, U.S. Senate /

A bipartisan group of lawmakers has introduced legislation aimed at repurposing vacant buildings into affordable housing. Reps. Sam Liccardo (D-Calif.), Maria Salazar (R-Fla.), Johnny Olszewski (D-Md.) and Brian Fitzpatrick (R-Pa.) announced the Revitalizing Empty Structures Into Desirable Environments (RESIDE) Act — which would create a pilot grant program for communities to rehabilitate empty offices, malls, […]

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Bill aims to expand affordable housing on unused religious, college land

Affordable housing, Congress, Housing Inventory, HWmember, Legislation, Real Estate, Rental Properties, Single-Family Rentals, U.S. Senate /

U.S. Sens. Mark R. Warner (D-Va.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) introduced legislation last week that would make it easier for faith-based organizations and colleges to convert unused land into affordable housing. The measure — called the Yes in God’s Back Yard (YIGBY) Act — would direct federal resources to help religious

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New bill aims to ‘unlock’ affordable housing funding

Affordability, Affordable housing, Congress, Housing Inventory, Housing Market, HWmember, Multifamily Housing, Politics, Real Estate /

U.S. Reps. Sam Liccardo, D-Calif., and Mike Flood, R-Neb., introduced legislation Tuesday aimed at making it easier for cities to use federal money to build affordable housing. The Unleashing Needed Local Options to Construct and Keep Housing (UNLOCK) Act would loosen restrictions on how municipalities spend Community Development Block Grant (CDBG) funds. Efforts stem from

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Lawmakers voice support for FHFA’s adoption of VantageScore 4.0

Bill Pulte, Congress, Credit Score, FHFA, FICO, HWmember, Mortgage, Politics, VantageScore /

Nearly two dozen members of Congress recently sent a letter to Bill Pulte, director of the Federal Housing Finance Agency (FHFA), that supports his decision to accept VantageScore 4.0 credit scores for mortgages purchased by Fannie Mae and Freddie Mac. The lawmakers, led by Rep. Mike Flood (R-Neb.), said that the move will help President

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House Democrats push back on crypto legislation with ‘anti-corruption’ efforts

Congress, Cryptocurrency, Democratic Party, Donald Trump, House of Representatives, HWmember, Legislation, Maxine Waters, Mortgage, Politics, Senate /

Congresswoman Maxine Waters (D-Calif.) and Congressman Stephen Lynch (D-Mass.), announced on Friday that next week will be known as “Anti-Crypto Corruption Week.” During this time, they plan to rally Democrats to push back against Republican efforts to fast-track three pieces of legislation related to cryptocurrency — the “Clarity Act,” the “GENIUS Act” and a bill

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One ‘Big Beautiful’ win: House advances budget bill for Trump’s signature

Congress, Donald Trump, House of Representatives, Housing Market, HWmember, Legislation, Low-Income Housing Tax Credit, Politics, Senate, Tax, Tax Cuts and Jobs Act /

President Donald Trump’s One Big Beautiful Bill Act is about to become law. The House of Representatives on Thursday voted to advance the budget reconciliation bill by a razor-thin margin, echoing the 50-50 tie in the Senate that required Vice President JD Vance’s vote in order to advance the legislation. The White House has scheduled

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What’s in Trump’s ‘Big Beautiful Bill’ for seniors?

Congress, House of Representatives, HWmember, Legislation, Low-Income Housing Tax Credit, Reverse, Senate, Tax, Trump administration /

President Donald Trump’s “Big Beautiful Bill” is headed back to the House for reconciliation after passing the Senate with a tiebreaking vote from Vice President JD Vance. The 1,116-page multitrillion-dollar bill contains some key changes for older Americans, including a senior bonus tax deduction that would offset taxes on Social Security. But the bill also

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Housing industry cheers Senate passage of the ‘Big Beautiful Bill’

Congress, House of Representatives, Housing Market, HWmember, Legislation, Mortgage Bankers Association, National Association of Realtors, Politics, Senate, Tax, Trump administration /

Senate Republicans on Tuesday advanced President Donald Trump’s sprawling “Big Beautiful Bill” in a last-second flurry that required Vice President JD Vance to cast a tie-breaking vote. All 47 Senate Democrats voted against the bill, with Republicans Susan Collins, retiring Thom Tillis and Libertarian deficit hawk Rand Paul joining them. The bill now goes back

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Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

basel III, Congress, Federal Reserve, HWmember, Jerome Powell, LendingLife, Mortgage, Regulatory, Regulatory Compliance /

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented. Powell’s statement comes as the Fed prepares to vote

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ALTA promotes trio to bolster advocacy efforts

ALTA, American Land Title Association, Congress, HWmember, People Movers, Team Leaders, Title, Title insurance /

The American Land Title Association (ALTA) has announced three internal promotions as part of a broader effort to strengthen leadership and advocacy across the title insurance industry. Emily Tryon “These changes mark a milestone in the association’s growth and reinforce our ongoing commitment to delivering value to our members through strategic thought leadership, proactive advocacy

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