Articles Tagged with ''Affordable housing''

HUD Inspector General: Department has serious management challenges

Report says problems plaguing the agency are costing taxpayers millions
The Department of Housing and Urban Development is facing serious management challenges that are causing longstanding performance and accountability issues. An annual report released by HUD's Office of Inspector General outlines the top six management challenges facing the agency in 2019, and the details aren’t pretty.
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CBRE: Here’s where multifamily investors should be putting their money in 2019

Why workforce housing will outperform the rest of the market
While most of the market attention tends to be focused on Class A multifamily buildings, new research from CBRE suggests that there is another class of multifamily housing that represents a much larger opportunity for investors – workforce housing. And going into 2019, market conditions are positioning workforce housing for continued return on investment.
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Freddie Mac makes another LIHTC investment, inks deal with Boston Financial

Fund will provide as much as $100 million for affordable housing
Freddie Mac, which recently re-entered the Low-Income Housing Tax Credit market for the first time in nearly 10 years, is making another investment in affordable housing. The GSE announced this week that it closed its first LIHTC Fund with Boston Financial Investment Management and made its first investment in the fund.
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LinkedIn, Cisco, Pure Storage invest $20 million for affordable housing in Silicon Valley

Tech companies invest in Bay Area affordable housing fund
LinkedIn, Cisco, and Pure Storage are joining together to invest a total of $20 million into the TECH Fund, a program started by Housing Trust Silicon Valley that aims to get more high-tech organizations, large employers and philanthropists involved with creating affordable housing in the Bay Area.
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HUD investment to allow thousands of children to leave foster care

Awards $30 million to identify youth at risk of homelessness
HUD announced it was making an investment that could allow thousands of children to leave foster care. It awarded $30 million to public housing authorities across the U.S. that identify youth at risk of homelessness and families whose lack of housing is the primary reason their children are in foster care.
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Monday Morning Cup of Coffee: Senate set to vote on Trump’s CFPB nominee

Plus Amazon HQ2 killing affordable housing? And thoughts on "Monopoly for Millennials"
Last week, the biggest groups in housing called on the Senate to bring Kathy Kraninger's nomination to run the CFPB to a vote. And it looks like they're about to get their wish. Plus, did Amazon's HQ2 move kill more than 1,000 units of affordable housing? And, Monopoly for Millennials. Yes, it's real. And it's spectacular.
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Fannie Mae plans $145 million investment in LIHTC funds

GSE continues to focus on affordable housing
After re-entering the Low Income Housing Tax Credit market just over a year ago, Fannie Mae is continuing its focus on affordable rental housing in underserved markets by committing $145 million in new investments in LIHTC funds. Here's a breakdown on where the money is going.
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Maxine Waters promises change if selected to lead Financial Services Committee

Plans to spotlight affordable housing
During the midterm elections Tuesday, Democrats took control of the House, while Republicans kept the Senate. As current ranking member, it is likely that Waters will take over as chairwoman of the Financial Services Committee. And she is already making promises for change, if she is selected to lead.
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