HUD: $2.4 billion available through 38 grant programs
WASHINGTON – March 14, 2007 – The U.S. Department of Housing and Urban Development (HUD) published HUD’s Fiscal Year 2007 “SuperNOFA,” a notice that makes available approximately $2.4 billion in funding through 38 individual grant programs.
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Affordable housing not a major issue in '07 for lawmakers
TALLAHASSEE, Fla. – March 5, 2007 – Florida lawmakers say the Legislature will spend too much time on issues related to property insurance and taxes this year to tackle major affordable housing bills.
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Home prices rise; student numbers fall
ORLANDO, Fla. – Feb. 20, 2007 – Florida officials expected school enrollment to rise by more than 48,000 students last fall and were surprised when just 477 additional children entered the classrooms.
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Priced out of the market?
Priced out of the market?
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Lenders pull back from troubled subprime market
Credit-challenged homebuyers may have a tougher time finding a mortgage loan. Mortgage Lenders Network USA, a large lender of subprime mortgages, says it has stopped accepting applications for new loans -- and it’s the fourth lender to do so.
NEW YORK – Jan. 8, 2007
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Study: $16.35 per hour needed to afford a place to live in Florida
The price of affordable housing in Florida: $16.35 per hour. That’s the amount a worker must bring home to pay for a very basic rental apartment, according to the National Low Income Housing Coalition’s annual Out of Reach report released yesterday.
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Women Pay More
A new study by the Consumer Federation of America found that in 2005, about a third of women took out mortgages with interest rates over 7.66 percent (above the average prime mortgage rate of 5.87 percent) compared with about a quarter of men.
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Cities continue to struggle to meet local housing needs
The nation’s cities continue to struggle to meet local housing needs; in fact, three-fourths of local housing officials report that the spiraling cost of housing significantly limits homeownership opportunities for lower-income people and younger families, according to a new study from the National League of Cities.
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FHA offers a limited-time holiday sale on HUD-owned homes
Ho-ho-home, says HUD, rolling out its "FHA Brings the Holidays Home" sales campaign. It’s a good opportunity for families that thought they'd never be homeowners. FHA must finance the mortgage, but buyers pay only $100 down and get $2,500 for improvements. There’s even a $500 bonus for the selling broker.
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HUD: $45.5M to give at-risk young people careers building affordable housing
HUD is offering $45.5M in grants to help thousands of "at-risk" young people establish careers in the construction trades by learning to build affordable housing.
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Bush administration announces $39.1M in housing counseling grants
HUD will spend $39.1 million in homeownership counseling, awarding grants to17 national organizations and more than 400 state and local agencies, including 21 in Florida.
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Help employers help you
NAR has launched a campaign to create more affordable housing opportunities for public and private sector workers. Called "Home from Work," the program encourages and trains Realtors nationwide to work with businesses to develop employer-assisted housing (EAH) benefit plans for their workers.
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NAR supports mortgage education
NAR is very concerned that some borrowers are using nontraditional mortgages without fully understanding the risks involved, and supports the federal banking agencies’ new guidance
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From the 'Bay to the Bayou,' there’s no place like home
Realtors from around the state gathered at Habitat for Humanity of Hillsborough County's site last Thursday to build a "home in a box" as part of the NAR Realtor-Habitat Partnership for Gulf Coast Recovery program, also known as Operation Home Delivery.
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Mortgages -- Ignoring the warning
Borrowers continue to choose risky nontraditional mortgages even after state and federal regulators have issued widespread warnings about this kind of financing.
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Minorities, immigrants fuel mortgage demand
Minority buyers made up the fastest-growing segment of all new mortgages for home purchases in 2005, according to a recent report analyzing mortgages in high-volume metropolitan areas
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HUD reports banner year for affordable housing
The Department of Housing and Urban Development's (HUD) chief program for promoting affordable housing, HOME Investment Partnerships Program (HOME) posted record performance during fiscal year 2006
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Free mortgage primer
A new pamphlet jointly released by five bank, thrift and credit union regulators. The 17-page document, available on the agencies' Web sites and downloadable in PDF format, discusses non-traditional mortgage products |
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