What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Real Estate

New York officials want affordable housing…unless it’s inconvenient

Officials block new construction

Affordable housing is a major issue in many parts of the country, none less than New York and California. City officials, however, are hindering the road to affordable housing in New York.

While they claim they want to improve the housing situation, they seem to only do so when it’s convenient for them, or so outlines a blog by Bryan Smith for Daily News.

The City Council rejected a plan on Tuesday for a northern Manhattan apartment building where rents for half of its 355 units would have been in the affordable range for the working and middle class, the blog states.

From the blog:

While the plan is widely lauded, Council members balk at construction in their communities.

The committee vote killed a project slated for Inwood, which is represented by Councilman Ydanis Rodriguez, usually a loyal de Blasio ally.

Rodriguez bowed to an uproar by constituents who are convinced — in a Bizarro World interpretation of the laws of supply and demand — that new apartments would hasten displacement of longtime tenants.

Because other council members defer to the desire of their local colleague, in theory, every council member has veto power over new construction that inconveniences them, leaving New York without affordable housing, the blog states.

And New York isn’t the only place having trouble. Federal housing authorities recently struck down new affordable housing legislation on San Francisco when it didn’t meet HUD requirements.

Read more about that here.

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