Items Tagged with 'Affordable housing'

ARTICLES

  • Baltimore is the best city for a nurse to buy a home, PropertyShark says

    But in San Francisco, a median-priced home will cost 10 times a nurse's salary
    Baltimore, Maryland, is the best place for nurses to live if they want to buy homes, according to a report from PropertyShark that compares salaries and home prices in cities it designated as medical hubs. "Of our 12 focus cities, only five offer an affordable housing market for nursing professionals – 10 years ago seven were affordable," the report said.
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  • From HW Magazine

    The future of affordable lending

    Modernizing the mortgage process
    A recent Freddie Mac analysis shows that the U.S. is short approximately 2.5 million homes needed to keep up with current demand. From 1968 to 2008, a span of 40 years, there was only one year in which fewer new housing units were built than in 2017.  And wage growth is just now keeping up with house price appreciation, for the first time in seven years.
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  • New study shows NIMBYism is the biggest multifamily construction barrier

    National Apartment Association releases new report on apartment construction barriers
    According to a new study, NIMBYism is standing in the way of more affordable apartment construction across the U.S. As rents continue to rise, a new study from the National Apartment Association analyzed the factors in 29 major metros that make multifamily apartment construction more difficult to achieve nationwide.
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  • BB&T and SunTrust invest $10 million in Washington, D.C.'s affordable housing

    The investment will be added the impact pool of the Washington Housing Initiative
    BB&T and SunTrust are investing $10 million to address the lack of affordable housing in Washington, D.C’s housing market. The equity investment, which specifically tackles the scarcity of housing for middle-income individuals and families, will be added to the Impact Pool of the Washington Housing Initiative.
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  • Freddie Mac unveils new security to provide affordable housing liquidity for small lenders

    To help financial institutions with less than $10 billion in assets access additional liquidity
    Freddie Mac is launching a new security to help smaller lenders access additional liquidity for affordable housing financing. The GSE announced its new Private Placement PC Swap – or PPP – on Wednesday to help financial institutions with less than $10 billion in assets access additional liquidity for financing affordable housing.
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  • Fannie Mae: Most Americans can't afford to live in thriving neighborhoods

    Lack of affordable housing forces 6 in 10 Americans to sacrifice economic opportunities
    Housing affordability has been a tremendous concern for Americans across the country, especially as affordability conditions now sit at a 10-year low. In order to identify innovative solutions to the nation’s affordability crisis, Fannie Mae has launched the third and final phase of its Sustainable Communities Initiative.
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  • Harris reintroduces rent relief legislation

    Proposal would provide monthly tax credit to renters
    Sen. Kamala Harris has introduced a new version of the Rent Relief Act, a sweeping rent reform proposal that seeks to help Americans lessen the burden of finding affordable housing, especially at a time when rents keep increasing. If passed, the bill will create a new tax credit for renters who spend at least 30% of their gross income on rent and utilities.
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  • Bank of America aims to boost homeownership, will give borrowers up to $10,000 to close a loan

    Launches $5 billion affordable homeownership initiative
    Bank of America is committing $5 billion to help boost homeownership for “low- to moderate-income and multicultural homebuyers and communities” across the country, the bank announced Tuesday. And as part of the program, Bank of America is rolling out a host of new loan programs and options, including grants of as much as $10,000 to help a borrower close a loan.
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  • Is San Francisco's housing market about to get even crazier?

    Pending wave of tech IPOs could send house prices into stratosphere
    This year, a number of major Silicon Valley tech companies are set to go public, and it could have a serious impact on house prices in San Francisco. Uber, Lyft, Slack, Postmates, Pinterest and Airbnb are all planning to launch IPOs in 2019, according to The New York Times, and this will likely spur a crop of freshly minted millionaires looking to drop some serious dough to upgrade their nests.
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