Items Tagged with 'Affordable housing'

ARTICLES

  • 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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  • HUD awards $10 million in "sweat equity" grants

    More than half the money going to Habitat for Humanity
    The Department of Housing and Urban Development announced this week that it is awarding $10 million in "sweat equity" grants to a group of nonprofit housing organizations. Sweat equity and volunteer labor may include landscaping, foundation work, painting, carpentry, trim work, drywall, roofing, and siding for the housing.
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  • California sues one of its own cities for not building enough affordable housing

    Governor: California’s housing crisis is an existential threat to our state’s future
    In an unprecedented move, the state of California is suing one of its own cities for not building enough affordable housing. Late last week, California Gov. Gavin Newsom announced that the state is suing the city of Huntington Beach for “standing in the way of affordable housing production and refusing to meet regional housing needs,” actions that “harm California families’ ability to find affordable places to live and drive up housing costs for everyone.”
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  • Freddie Mac partnering with RBC to provide $180 million for affordable housing

    Fund has already provided money for rebuilding Puerto Rico
    Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year after nearly 10 years away, is partnering with RBC to provide more than $180 million for affordable rental housing. The fund has already closed 10 transactions, including two in Puerto Rico and eight more in five states: New York, South Carolina, Tennessee, Texas, and West Virginia.
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  • Goldman Sachs invests $15 million for supportive housing in New Jersey

    Partners with New Jersey Community Capital
    Aiming to provide housing options for the state’s “most vulnerable populations,” Goldman Sachs is partnering with New Jersey Community Capital to provide $15 million to be used for supportive housing in the Garden State. Supportive housing is an affordable housing option that also provides services like job training and placement to its residents.
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  • Freddie Mac just had its biggest year ever in multifamily

    Multifamily support hits all-time high
    We already knew that Freddie Mac set an all-time record for multifamily security issuance in 2018, so it probably shouldn’t come as a surprise that 2018 was the government-sponsored enterprise’s best overall year ever in multifamily. Here are more details about how the GSE got there.
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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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