Articles Tagged with ''Affordable housing''

Could taxing tech companies fight homelessness?

Propositions could bring affordability to California's housing market
Thriving tech hubs often come at a cost and the price might be too high. This November, San Francisco Bay Area voters will decide if large corporations can be taxed to offset issues tech companies have escalated, according to an article from NPR.
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Fannie Mae multifamily earnings increase in stable market

More than 90% of financing directed to low-income housing
Fannie Mae announced its third-quarter financial earnings on Friday, showing its multifamily sector posted solid gains. The company explained this increase was due to a rise in guarantee fee revenue as the multifamily guaranty book grew during the quarter, and about 90% of its multifamily financing created affordable housing for low-income families.
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Freddie Mac continues LIHTC push, invests in Hudson Housing Capital

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 continuing its push back into LIHTC investing. The GSE announced Monday that it closed its first LIHTC Fund with Hudson Housing Capital and its first investment in that fund. The fund will provide as much as $100 million in targeted affordable housing investments.
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Cresset Capital Management and Diversified Real Estate Capital launch Opportunity Zone fund

Firms join the growing host of investors waiting to pour capital into Opportunity Zones
Cresset Capital Management and Diversified Real Estate Capital are partnering to launch an investment fund for Opportunity Zones. The Cresset-Diversified fund will be used for real estate development and redevelopment in Opportunity Zones across the nation.
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6 Questions with 6 HUD Executives, BONUS Episode: Adolfo Marzol

Surprise! We've got one more for you
Adolfo Marzol knows firsthand about this nation's long history with taking in, and housing, refugees. In fact, his parents emigrated from Cuba in 1961. How did the Marzols know they had made it in America? They bought their first house, he tells HousingWire Editor-in-Chief Jacob Gaffney in a bonus episode, and now finale, of our exclusive podcast, 6 Questions with 6 HUD Executives.
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6 Questions with 6 HUD Executives, Ep. 5: Assistant Secretary Anna Maria Farias

Farias talks about her motivations, taking down corruption and the real reason HUD went after Facebook
Anna Maria Farias shares a special bond with Department of Housing and Urban Development Secretary Ben Carson. Farias also grew up in public housing. She, like Carson, fought hard to achieve a greatness unparalleled. Farias was the child of a single parent who struggled to make ends meet, and she witnessed first-hand the discrimination and harassment her mother faced daily.
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Churches are taking on the affordable housing crisis

Houses of faith are turning unused buildings and land into affordable housing projects
Churches are taking a position on the frontlines of the affordable housing crisis, using their land to create new affordable housing developments. According to a report from Reuters and the World Economic Forum, churches around Washington, D.C., have begun to cobble together a new source of affordable housing supply using their land to stave off the affordable housing crisis.
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