Articles Tagged with ''rental housing''

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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These are the top 10 least affordable rental markets

Renting affordable to minimum wage earners in only 12 counties
Housing costs continue to reach new heights in the U.S., making rental affordability unachievable for many minimum wage earners. In fact, while working 40 hours a week on a minimum wage salary, only 12 counties in the U.S. are affordable.
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RealPage continues expanding, agrees to buy On-Site for $250 million

Acquiring leasing and marketing platform for rental properties
This year really is turning out to be a year of expansion for RealPage, as for the fourth time in 2017, RealPage, a provider of software and data analytics to the real estate industry, announced that it is acquiring another company. RealPage announced Wednesday that it is acquiring “substantially all of the assets” of On-Site Manager for approximately $250 million in cash. That brings RealPage’s total expansion expenditures for 2017 to just shy of $700 million.
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New Arizona law removes citywide Airbnb restrictions

Municipalities can no longer restrict short-term rentals
Airbnb and other short-term rental websites could soon become more popular in the state of Arizona thanks to a new law that took effect on January 1. According to a report from the Arizona Daily Sun, the state’s new laws stipulate that cities, towns, and counties cannot put any restrictions on short-term rentals “simply because the property is not classified as a hotel.”
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