Various economists are predicting that the home price growth will slow down. If this does not happen, home purchase prices will go further out of reach for homebuyers that the housing market overall will overheat. Already there is far more demand than supply, and far less affordable homes in reach […]
housing
New Indiana law designed to level playing field for affordable housing – WISH-TV | Indianapolis News | Indiana Weather
INDIANAPOLIS (WISH) — A new Indiana law was designed to give nonprofits that work to provide low-income housing a fighting chance against big out-of-state investors. Those investors’ buying of property and hiking up rent has become an increasing trend in Indianapolis, some say. “The tax lien sale has become … […]
Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24
The fifth largest affordable housing player Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become the third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore. […]
Housing advocates seek funding to repeal California law
SACRAMENTO, Calif. (AP) — California lawmakers are trying again to get rid of the nation’s only law that lets voters… SACRAMENTO, Calif. (AP) — California lawmakers are trying again to get rid of the nation’s only law that lets voters veto public housing projects, a provision added to the state […]
Affordable middle housing faces zoning law challenges
A growing chorus of experts say middle housing, a class of multifamily housing options that falls between single-family homes and large apartment complexes, is a vital instrument in the fight against unaffordable housing. But middle housing has a big problem: Zoning in most residential areas doesn’t allow it. That’s the […]
5 economists and real estate pros share predictions for the 2022 housing market
What economists and other pros think will happen to the housing market in 2022. Getty Images It’s been a wild ride for home buyers and aspiring home buyers over the past year, with bidding wars and rising prices — as interest rates held near historic lows (see the lowest rates […]
Governor Hochul Signs Legislative Package to Combat Housing Discrimination
Governor Kathy Hochul today signed a sweeping legislative package that included nine different bills to combat housing discrimination. This legislative package addresses many of the issues identified in an expose by Newsday, “Long Island Divided”, which explored discrimination and both explicit and implicit bias that exists in the real estate industry. […]
New Law Combats Housing Discrimination In New York Through Improved Education For Real Estate Professionals
Governor Kathy Hochul signs package of legislation combating housing discrimination across Long Island and New York State Bill by Senator Anna M. Kaplan mandates anti-bias training for real estate professionals to combat the type of discriminatory behavior uncovered by Newsday’s “Long Island Divided” investigation series Click here to download HD […]
Lument Provides $16.9 Million Freddie Mac Forward Commitment Loan to Build New Affordable Housing High-Rise in Washington, D.C.
NEW YORK, Dec. 16, 2021 /PRNewswire/ — Lument recently underwrote a two-tranche unfunded forward commitment for a Freddie Mac tax-exempt loan (TEL) totaling $16.9 million to construct 1515 North Capitol Apartments, a new affordable housing high-rise development located in Washington, D.C.’s Truxton Circle neighborhood. The 15-story apartment building will feature […]
Racial inequality:How lawyers and R.E. agents are bridging housing gap
Washington Former non-profit worker Christine Hernandez had never considered becoming a housing attorney, but after 2015, when she got priced out of her home in Oakland, California, she thought a lot about the issue. Over the next five years, Ms. Hernandez and her family went through a period of unstable […]