Items Tagged with 'Affordable housing'


  • California nears statewide rent control

    Legislative bodies approve measure, now awaiting sign-off from Gov. Gavin Newsom
    California is one step away from enacting statewide rent control after the state's two legislative bodies both approved the measure. The bill was approved this week by the California State Senate and the California State Assembly. The bill now moves to the desk of California Gov. Gavin Newsom, who is expected to sign the bill into law.
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  • RealPage: These cities have the most Opportunity Zones

    The most are located in New York
    Opportunity Zones have been the talk of the real estate investor community for the better part of the last year, but given that the program is still so new, there's still lot of unknown about Opportunity Zones. A new report from RealPage shows that the markets with the most Opportunity Zones are large cities.
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  • Bronx property is first purchase in unique partnership designed to boost affordable housing

    Part of an effort to create stable affordable housing
    As part of an effort to increase the supply of affordable housing in New York City, the New York City Department of Housing Preservation and Development, Commissioner Louise Carroll, Settlement Housing Fund, the Community Preservation Corporation, and the New York City Acquisition Fund recently announced the first acquisition of a property through the city’s Neighborhood Pillars Downpayment Assistance Fund.
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  • Investors to build affordable housing units in Phoenix Opportunity Zones

    Three projects worth $61 million are being built
    Investment company Pacific Oak Capital and Defer Gain, an Arizona-based real estate development company specializing in Opportunity Zone investments, have announced their joint venture to develop, finance, and operate multi-family, commercial, and industrial income producing properties in Arizona Opportunity Zones.
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  • CPC brings on Jaime Tuozzolo to serve as VP, mortgage officer 

    Tuozzolo comes to company with 20 years of real estate finance experience
    Community Preservation Corp., a nonprofit affordable housing and community revitalization finance company, announced the hire of real estate finance veteran Jaime Tuozzolo. In her new role as vice president and mortgage officer, Tuozzolo will be responsible for sourcing and originating business in the region across all loan products, as well as monitoring projects through construction and conversion.
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  • Here's what Kanye West's idea of affordable housing looks like, and why it may never be realized

    Neighbors want rapper's Star Wars-inspired domes demolished
    Kanye West’s venture into affordable housing may be coming to an abrupt end thanks to his angry Calabasas neighbors who are demanding the “gumdrop-shaped” prototypes be demolished. Here are photos of West’s prototypes, which sit on 300 acres of land he owns in Calabasas, California – for now.
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  • Maryland funds record amount of affordable housing

    $44 million will be divided among 15 developments
    More than 15 housing developments have been selected to receive federal Low-Income Housing Tax Credits and State Rental Housing Funds in Maryland. In all, $44 million in funding will be used to create or preserve 1,827 high-quality, affordable rental units, the largest number of units financed in the history of either program.
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  • HUD, City of Los Angeles reach "landmark" settlement in accessible housing dispute

    LA to pay "hundreds of millions" to improve accessibility for disabled residents
    The Department of Housing and Urban Development reached a settlement with the City of Los Angeles Friday that will put an end to a years-long battle over the city’s obligation to provide accessible housing for the disabled. According to the "landmark" agreement, the city will pay what will eventually amount to hundreds of millions of dollars to enhance handicap accessibility for residents living in its low-income housing.
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  • Americans want more affordable housing, just not in their neighborhoods

    Redfin survey shows more than half support zoning policies that limit high-density housing
    As housing affordability continues to be a national concern, several states have introduced zoning legislation that aims to tackle the issue. But a new survey from Redfin indicates that more than half of the nation’s homebuyers and sellers claim to oppose the building of dense housing in their neighborhoods.
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