Articles Tagged with ''Affordable housing''

BB&T and SunTrust invest $10 million in Washington, D.C.'s affordable housing

The investment will be added the impact pool of the Washington Housing Initiative
BB&T and SunTrust are investing $10 million to address the lack of affordable housing in Washington, D.C’s housing market. The equity investment, which specifically tackles the scarcity of housing for middle-income individuals and families, will be added to the Impact Pool of the Washington Housing Initiative.
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Freddie Mac unveils new security to provide affordable housing liquidity for small lenders

To help financial institutions with less than $10 billion in assets access additional liquidity
Freddie Mac is launching a new security to help smaller lenders access additional liquidity for affordable housing financing. The GSE announced its new Private Placement PC Swap – or PPP – on Wednesday to help financial institutions with less than $10 billion in assets access additional liquidity for financing affordable housing.
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Fannie Mae: Most Americans can't afford to live in thriving neighborhoods

Lack of affordable housing forces 6 in 10 Americans to sacrifice economic opportunities
Housing affordability has been a tremendous concern for Americans across the country, especially as affordability conditions now sit at a 10-year low. In order to identify innovative solutions to the nation’s affordability crisis, Fannie Mae has launched the third and final phase of its Sustainable Communities Initiative.
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Harris reintroduces rent relief legislation

Proposal would provide monthly tax credit to renters
Sen. Kamala Harris has introduced a new version of the Rent Relief Act, a sweeping rent reform proposal that seeks to help Americans lessen the burden of finding affordable housing, especially at a time when rents keep increasing. If passed, the bill will create a new tax credit for renters who spend at least 30% of their gross income on rent and utilities.
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Bank of America aims to boost homeownership, will give borrowers up to $10,000 to close a loan

Launches $5 billion affordable homeownership initiative
Bank of America is committing $5 billion to help boost homeownership for “low- to moderate-income and multicultural homebuyers and communities” across the country, the bank announced Tuesday. And as part of the program, Bank of America is rolling out a host of new loan programs and options, including grants of as much as $10,000 to help a borrower close a loan.
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Is San Francisco's housing market about to get even crazier?

Pending wave of tech IPOs could send house prices into stratosphere
This year, a number of major Silicon Valley tech companies are set to go public, and it could have a serious impact on house prices in San Francisco. Uber, Lyft, Slack, Postmates, Pinterest and Airbnb are all planning to launch IPOs in 2019, according to The New York Times, and this will likely spur a crop of freshly minted millionaires looking to drop some serious dough to upgrade their nests.
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Freddie Mac invests $61 million in housing for families displaced by Hurricane Harvey, others

Launches new LIHTC fund to provide housing for homeless individuals
Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year for the first time in nearly 10 years, is making another investment in affordable housing. The government-sponsored enterprise announced Monday that it closed a LIHTC fund with National Equity Fund and made three investments, totaling more than $61 million.
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Oregon enacts nation’s first statewide rent control law

Rent control and eviction measures go into effect immediately
Oregon just became the first state in the U.S. to enact statewide rent control. The law, which places an annual limit on rent increases of 7% plus inflation, was signed into effect on Thursday by Oregon Gov. Kate Brown, who signaled that this won’t be the state’s only step towards addressing affordable housing.
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Queen Latifah invests millions in affordable housing in New Jersey hometown

Hip-hop icon developing $14 million worth of multifamily units in Newark
Hip-hop icon Queen Latifah is entering the affordable housing market by investing in multifamily units in her hometown of Newark, New Jersey. NJ.com reports that the entertainer is returning to the city and investing in a cluster of multifamily townhomes worth $14 million. 
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