Articles Tagged with ''rental housing''

Real estate listings site Zumper raises $46 million to build instant rental feature

Plans “Book Now” platform with funding from Axel Springer, Blackstone
As mellohome CEO Chris Heller recently noted, there’s a race afoot to be the dominant player offering a true one-stop-shop for homebuying. There appears to be a similar sprint happening on the rental side of the business as well. Case in point, rental listings site Zumper is preparing to roll out its own end-to-end platform that will allow renters to instantly rent an apartment or a home through its site.
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Senate Democrats unveil sweeping rent reform proposal

Dems introduce act that could bring tax relief to renters
Increasing rent prices leave many American families struggling to afford housing, but Senate Democrats have introduced new legislation to help alleviate that stress. The Rent Relief Act will award a refundable tax credit to renters that pay more than 30% of their gross income on rent, including utilities.
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Is the rent finally too damn high? Rent households fall again, homeownership holds steady

Median asking rent continues climbing
Is a combination of high rents and shifting demographics driving a move from renting to buying? The latest data from the Census Bureau shows that may be exactly what’s happening. On Thursday, the Census released its quarterly report on residential vacancies and homeownership. And the report had some good news and bad news, depending on which industry you’re in.
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Freddie Mac to offer faster, cheaper financing on affordable rentals

Now available in all markets
Freddie Mac announced it is now offering faster and cheaper financing for affordable rentals in all U.S. markets. Freddie Mac announced its program, Targeted Affordable Housing Express, a new offering designed to provide faster, simpler and cheaper financing for the preservation of smaller, affordable rental properties.
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Meet Divvy: Startup aims to revolutionize rent-to-own

Buyer selects property, Divvy buys home, rents it to resident while they build equity
While rent-to-own is not a new concept in the housing market, a new real estate company is set to launch that aims to rebrand renting to own into a buyer-friendly proposition. Divvy Homes, which soft-launched two months ago, claims that its program offers consumers the flexibility of renting with the financial benefits of homeownership, all with the prospective homeowner in mind.
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Roofstock Series C funding boosted to $42 million by new investors

Online marketplace for single-family rentals also passed $1 billion in transactions
Back in October, Roofstock, an online marketplace for single-family rental home investing, announced that it raised $35 million from seven different investors in its Series C round of funding. But, more investors apparently wanted the chance to fund the platform.
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Thousands of groups call on Congress to use MID savings for low-income housing

Organizations, state and local governments and elected officials stand together
In a seemingly unprecedented move, a huge coalition featuring thousands of organizations, state and local governments, and elected officials joined together to call on Congress to use the savings derived from any changes to the mortgage interest deduction via the new tax reform bill to fund low-income housing.
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Facebook launches massive push into real estate listings

New feature also “rolling out gradually” for home sales
Zillow. Trulia. Realtor.com. Redfin. All household names in the real estate listings world, right? Well, those companies now have some serious competition from a company that boasts an audience that dwarfs all of those sites put together – Facebook. That’s right. Facebook is coming to real estate listings.
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Department of Justice launches initiative to fight sexual harassment in housing

Program will be piloted in Washington, D.C. and western Virginia
The Department of Justice announced Tuesday that it is launching a new initiative to fight sexual harassment in housing. Specifically, the DOJ said the program aims to increase the department’s efforts to protect women from harassment by landlords, property managers, maintenance workers, security guards, and other employees and representatives of rental property owners.
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New bill could bring tax relief to renters struggling with affordability

Bill from New York’s Joseph Crowley seeks to provide relief to “rent-burdened”
A new bill introduced Monday by Rep. Joseph Crowley, D-New York, could bring relief to renters who find themselves struggling to afford their rent. Crowley’s bill, entitled “The Rent Relief Act,” would offer refundable tax credits to people who live in rental housing. Here are more details about the bill.
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