Articles Tagged with ''Affordable housing''

Hensarling blames Watt for GSEs needing Treasury money, demands answers

Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
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Fair housing groups go head-to-head with Trump’s budget proposal

Urges Congress to reject proposal
"Housing benefits are under attack," or so says the National Low Income Housing Coalition as it calls on Congress to reject President Donald Trump’s 2019 budget proposal. The NLIHC says the budget slashes federal housing benefits that help millions of low-income seniors, people with disabilities, families with children, low-wage workers, veterans and other vulnerable people afford their homes.
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Mayors of 14 major cities, CEOs want more federal money for affordable housing, homeless services

Launch Mayors & CEOs for U.S. Housing Investment
The mayors of 14 major cities are joining with a number of CEOs to call on the federal government to invest more money into affordable housing and homeless services. The group includes the mayors of Los Angeles, Oakland, Sacramento, San Diego, and San Francisco, California; Mesa and Phoenix, Arizona; Little Rock, Arkansas; Aurora and Denver, Colorado; Washington, D.C.; and Philadelphia, Pennsylvania.
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Fannie Mae selects advisory panel for sustainable housing challenge

Companies submit proposals to win $10 million
Fannie Mae announced today its formation of an expert advisory panel for its Sustainable Communities Innovation Challenge. The challenge is a two year, $10 million initiative the company recently launched. Fannie Mae launched first of its three phases and began accepting contract proposals that will focus on developing collaborative, cross-sector approaches to advancing sustainable communities.
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Freddie Mac completes first single-family rental financing

$11.1 million financing brings affordable housing to 9 metro areas
Back in July, Freddie Mac announced it was gearing up to enter the rental market with a focus on affordable housing. Now, Berkadia, a leader in the commercial real estate industry, announced it closed the first single-family rental financing deal through Freddie Mac Multifamily.
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Hunt Mortgage Group originate $33.6M Fannie Mae loan to refinance LA-area mobile home park

First mobile home community to receive financing under Fannie Mae's Green Rewards Program
Summit Mobile Home Park is the first manufactured housing community in the country to receive financing under Fannie Mae's Green Rewards program. A share of the loan proceeds will be used to install solar panels to boost energy efficiency throughout the property.
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Houston fights to insure low-income residents aren’t forgotten in hurricane recovery efforts

Some residents were already one paycheck away from real trouble
As Houston continues its recovery efforts from Hurricane Harvey, which swept through South Texas in September this year, one organization said it is important to ensure those who are in most need of help, receive it. Even before the storm hit, some Houston residents were one paycheck away from real trouble.
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Freddie Mac launches single-family rental financing pilot program

Partners with CoreVest
Freddie Mac and CoreVest are partnering on a pilot program, which is expected to expand financing options for investors in single-family rentals for workforce and affordable housing. "Today, Freddie Mac Multifamily has taken another important step to increase the availability of affordable rental housing in communities across the country," said David Leopold, vice president of targeted affordable sales & investments at Freddie Mac Multifamily.
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