Affordable housing

Minnesota housing program under federal fraud investigation

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

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 / Ricky Vasquez

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 / Ricky Vasquez

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 / Ricky Vasquez

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 / Ricky Vasquez

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 / Ricky Vasquez

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,

Walker & Dunlop closes $240 million affordable housing fund

Budget resolution clears a hurdle, more to come

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

“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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FHLBank San Francisco invests $53M in Fannie Mae bond

Affordable housing, FHLB, Housing markets, Secondary markets / Ricky Vasquez

The Federal Home Loan Bank of San Francisco has invested nearly $53 million in a Fannie Mae bond issuance to support housing for very low-income residents near Fisherman’s Wharf. The $52.6 million financing will cover 230 units in the Wharf Plaza I and II buildings, which are located at 1855 Kearny St., and have 116

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Four charts that perfectly illustrate the housing affordability crisis

Affordable housing, Harvard University, Home Prices, Housing Market, HWmember / Ricky Vasquez

Look at all the variables at play in the housing market and it’s hard not to feel pessimistic about the affordability crisis. Mortgage payments continue to increase thanks to high mortgage rates, home insurance premiums are on the rise in markets vulnerable to natural disasters and the rent is still too dang high for renters

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Trump could solve the housing crisis with no help from Congress

Affordable housing, Fannie Mae, Freddie Mac, Housing markets, Treasury Department / Ricky Vasquez

The president should unwind the federal government’s stake in Fannie Mae and Freddie Mac, and direct the proceeds to a housing remainder trust designed to close critical gaps in real estate lending, writes Joshua Rosner, of Graham Foster & Co.Adobe Stock America’s post-pandemic paradox is clear: The economy keeps adding jobs, but the supply of

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Minnesota housing program under federal fraud investigation

Bill aims to construct homes with proceeds from future GSE release

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

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

Gen Z and other homeowners to delay repairs due to economy

Walker & Dunlop closes $240 million affordable housing fund

Budget resolution clears a hurdle, more to come

FHLBank San Francisco invests $53M in Fannie Mae bond

Four charts that perfectly illustrate the housing affordability crisis

Trump could solve the housing crisis with no help from Congress

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