Tag: affordable housing
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HUD Announces Nearly $99 Million Awarded for Disabled Residents
On Tuesday, HUD issued a press release announcing its awarding of $98.5 million to 285 public housing authorities across the country. These housing vouchers are intended to provide permanent housing assistance to “non-elderly persons with disabilities” who are, according to HUD, either transitioning out of institutional or other separated settings, at serious risk of institutionalization…
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Who is Freddie Mac Today?
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Often in the industry, when we think of the forty-eight-year-old Government Sponsored Entity The Federal Home Loan Mortgage Corporation, otherwise known as Freddie Mac, we think: “I’d love to be an REO broker with them” or “I’d love to be in a vendor relationship with them.” However, as we discovered in our “Who is Freddie…
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One Tough Mother: How Single Mothers are Defining the Homebuying Process
June is National Homeownership Month. This article is part of an ongoing series focusing on aspects of women’s homeownership. “Despite the stereotypes that insist women care more about marriage than men do, it may actually be the single life that women embrace more than men,” says Professor Bella DePaulo, social scientist, author, and expert on…
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New Tax Laws Affect High-End Housing Markets and HELOCs
The new tax bill that was passed by Congress in December 2017, celebrated as the Trump Administration’s first major legislative victory, will have inadvertent consequences for potential homebuyers looking to buy homes in high-end markets, and those with existing HELOCs. A decrease in home prices and caps on tax deductions, among other effects, will lower…
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$10 Million Affordable Housing Challenge
As homeless populations soar, housing inventory drops 10.5 percent in Q3 2017 compared to the same time last year, and home prices continuing to rise, the demand for affordable housing in the U.S. is evident.
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U.S. Home Prices Continue to Climb
U.S. home prices continued to increase in the third quarter of 2017 by 1.4 percent, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). The index, which is calculated with home prices from mortgages sold to and guaranteed by Freddie Mac and Fannie Mae, depicts a 6.5 percent uptick from the third…
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New Tax Plan: Effects on Affordable Housing and Small Businesses
The number of affordable housing units could be reduced by nearly 1 million under the proposed GOP tax bill, according to Novogradac & Company, a San Francisco-based national accounting firm. For Americans who utilize and depend on subsidized housing, being subjected to rising rents that currently exhibit a 2.7 percent year-over-year increase is all but…
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Crowdfunding Mortgages: A New Trend?
We’ve all seen crowdfunding campaigns to raise money for a business or a honeymoon; but a new platform from CMG Financial, HomeFundMe, is making it possible for homebuyers to crowdfund their mortgage down payments with donations from family, friends and even perfect strangers.
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Home Prices Rose 6.3 Percent in the Past Year
According to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI), U.S. house prices increased .2 percent from June to July 2017. The monthly index calculates home prices by utilizing mortgage information from Freddie Mac and Fannie Mae. From July 2016 to July 2017, house prices in the U.S. climbed 6.3…