Items Tagged with 'Affordable housing'

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    Arch MI

    Arch MI provides first-time homebuyers with an affordable solution

    AMGC Community Program serves community heroes and community experts
    More than 11 million Americans now pay more than half their monthly income on housing, an increase of 30% over the past five years, according to the Monroe Group. High home prices and rising interest rates are fueling the affordable housing crisis, making it extremely difficult for first-time homebuyers.
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  • Fairfax County, Virginia opens public housing waiting list for first time in 10 years

    Area outside Washington, D.C. hasn’t taken new applications since 2007
    Residents of Fairfax County, Virginia, haven’t been able to get on the waitlist for public housing in the area in 10 years due to high demand for affordable housing, but that’s about to change. Fairfax County officials announced recently that the county’s housing authority will soon be opening up the Rental Assistance Demonstration Waitlist for the first time since 2007.
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  • Fannie Mae: Both renters and homebuyers feel pessimistic about affordable housing availability

    Affordability concerns could be keeping people in their homes and contributing to inventory shortage
    Renters and owners are more likely to be concerned about housing affordability when they have to find a new place to live compared to the affordability of where they already live, according to a report from Fannie Mae. Basically, people feel more comfortable paying what they pay now and are concerned that their payment (whether it's rent or a mortgage) will be less affordable than what they currently have.
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  • Fannie Mae makes good on its affordable housing promises

    Investing $26M toward New York-area construction
    Fannie Mae announces it will invest $26 million in low-income housing tax credit to finance the first phase of construction of the largest residential development in Far Rockaway, New York. Part of the city's rezoning plan, the project and aims to provide residents with affordable living spaces.
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  • Fannie Mae experts: How to address rising rents for moderate income households

    Bob Simpson and Tanya Zahalak on helping middle income renters afford their rent
    [Expert commentary] There should be a surplus of available units for for middle income renters, so why do rents keep rising? It's complicated. And what are we supposed to do about it? That's complicated too. Here's a look an exclusive look at some solutions to these issues from experts at Fannie Mae.
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  • FHLBank of San Francisco issues $65.9 million in grants for affordable housing projects

    Will help fund 70 affordable housing projects
    The Federal Home Loan Bank of San Francisco is issuing $65.9 million in grants for 70 affordable housing projects across seven states. The 2018 AHP grants were awarded to the 70 projects through 29 FHLBank San Francisco member financial institutions working in partnership with community-based housing sponsors or developers to apply for funding.
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  • RENTcafé: 83% of renters can't afford to live where they want

    Sky-high prices in job nodes make a hellacious commute nearly universal for renters
    A RENTcafé survey of more than 2,000 renters found that less than 17% of them lived close to their desired location, meaning that 83% of renters have to go the extra mile(s) to get where they’re going. According to RENTcafé, apartments in desirable areas (aka job centers) cost $1,655 per month, a 37% increase over the national average rent of $1,211 in regular or low-rated locations.
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  • Monday Morning Cup of Coffee: The end of conservatorship, HUD failings and stadium drama

    Your weekly dose of the most crucial weekend mortgage and housing news
    The proposed end of conservatorship for the GSEs by the Trump administration might be the biggest news of the year for the mortgage industry, find out what the MBA has to say about it. Plus, a new ProPublica report shows that HUD left hundreds of thousands at risk of lead poisoning and the LA Clippers are in hot water with residents of the city of Inglewood.
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  • Historic Iowa military barracks transformed into affordable housing community

    LIHTC used to convert Fort Des Moines to housing
    A lot of people may not know about Fort Des Moines, but the Iowa military base has significant historical value. The Iowa installation was the site where black Americans were first trained to be military officers during World War I, and now, part of the historic area has been preserved, restored and converted into a 142-unit affordable housing community, thanks to a novel approach from a leading affordable housing developer.
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  • 174 Congress members pressure Carson to finalize FHA condo rules

    54 Senators and 120 House members are pushing Carson to finalize H.R. 3700
    Congress and industry players like NAR, teamed up to put pressure on Department of Housing and Urban Development Secretary Ben Carson to finalize the rules regarding condos and Federal Housing Administration loan approval. Fifty-four Senators and 120 house members sent a letter to HUD to hurry along the finalization of the rules in H.R. 3700.
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