Fannie, Freddie to fund more affordable homes (8/21/2015)
The federal agency that sets affordable housing goals for Fannie Mae and Freddie Mac wants 24% of homes for low-income buyers – 6% for very-low income buyers.
HUD issues emergency toolkit for multifamily housing (8/19/2015)
The toolkit will help affordable housing organizations develop an emergency plan that promotes business continuity, resident engagement and building protection.
U.S. alleges S. Fla. developers stole housing money (8/5/2015)
Court case alleges that Carlisle Development Group, once the state’s biggest affordable housing developer, stole tens of millions of dollars in gov’t subsidies.
FHA to watchdog: Downpayment programs not a scam (8/5/2015)
Lenders are monitoring the fallout from a fed watchdog report that claims affordable downpayment programs tied to higher mortgage rates break federal law.
Affordable housing REIT ensures economic vitality (7/14/2015)
CDT, a real estate investment trust, makes money for investors, but it also serves a public purpose: To provide long-term capital that funds affordable housing.
Not enough housing for low-income renters (6/26/2015)
New research found that in 2013, only 28 “adequate and affordable” housing units were available in the U.S. for every 100 extremely low-income households.
Report: ‘We’re in a housing affordability crisis’ (6/24/2015)
Renters are hardest-hit, the research says: Nearly half spend more than 30% of their incomes on housing; 1-in-4 pay more than half their income on rent.
30 Fla. agencies to get HUD home counseling funds (4/15/2015)
The state will receive a total of $479,394 in buyer aid, though that’s only about 1.4% of the $34.2M HUD is releasing nationwide.
Fla. Senate moves to protect affordable housing (3/19/2015)
A notable win yesterday in Florida Realtors’ efforts to protect the state’s affordable housing trust funds: A Senate committee voted to maintain full funding.
Horrors highlight need to protect Fla. housing funds (3/3/2015)
An Orlando Sentinel editorial supports full funding for the Florida’s housing trust funds, and cites real-world examples of residents who need housing help.