National Government and Public Real Estate News
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The Boulder Group, a net leased investment brokerage firm, has completed the sale of a trophy single tenant LA Fitness property located at 6107 North Broadway in Chicago, IL for $9,500,000. The Boulder Group has once again set a new CoStar record with the closing of this trophy LA Fitness property. According to CoStar, the 5.63% cap rate represents the lowest sold cap rate ever recorded for a single tenant LA Fitness property.
The Energy Department's National Renewable Energy Laboratory (NREL) was recently issued a patent for a novel method that rapidly characterizes specialized materials during the manufacturing process. This approach significantly improves on standard quality control techniques by allowing for complete monitoring of materials without interrupting workflow
The Energy Department's National Renewable Energy Laboratory (NREL) was recently issued a patent for a novel method that rapidly characterizes specialized materials during the manufacturing process. This approach significantly improves on standard quality control techniques by allowing for complete monitoring of materials without interrupting workflow.
Despite various global and domestic hurdles hindering economic growth, steady job gains and stable leasing demand should help keep commercial real estate activity expanding in 2016, according to the authors of an annual report published jointly by Situs Real Estate Research Corporation (RERC)
The U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (COF) launched the 2016 HUD Secretary's Award for Public-Philanthropic Partnerships. HUD and COF are seeking nominations from charitable foundations working with the public sector to improve the neighborhoods and the quality of life for low- and moderate-income residents.
The metric, Fair Market Rents, is set each year by the U.S. Department of Housing and Urban Development. The most prevalent use of Fair Market Rents is to establish payment standards, which are local ceilings for rent assistance provided by the Housing Choice Voucher (Section 8) program.
The Federal Home Loan Bank of Dallas (FHLB Dallas) and Southside Bank have awarded a $14,000 Affordable Housing Program (AHP) grant to Habitat for Humanity of Smith County (HFHSC). The funds will help pay for the construction of two new homes in Tyler
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 29, 2016. The previous week's results included an adjustment for the Martin Luther King holiday.
On February 2, the U.S. House of Representatives approved H.R. 3700(link is external) (the Housing Opportunities through Modernization Act), making a number of basic administrative changes to public housing, housing choice vouchers and project-based rental assistance. The changes are similar to those proposed in the Section Eight Voucher Reform Act (SEVRA) and the Affordable Housing and Self-Sufficiency Improvement Act (AHSSIA) in years past
Each year, the National Institute of Building Sciences hosts an Awards Reception and Dinner to recognize individuals and organizations that have provided outstanding service to the Institute, the building community and the nation. On Thursday, January 14, Institute board, staff and members honored the 2015 award winners during an annual awards ceremony atBuilding Innovation 2016: The Instituteā€™s Fourth Annual Conference and Expo, held at the Renaissance Arlington Capital View in Arlington, Virginia.
In January, during Building Innovation 2016: The National Institute of Building Sciences Annual Conference and Expo, the Instituteā€™sAcademy for Healthcare Infrastructure (AHI) released five white papers addressing some of the most important issues affecting the infrastructure of the nationā€™s healthcare facilities
Housing Partnership Network, a national business collaborative of leading affordable housing and community development nonprofits, is pleased to announce that Chuck Wehrwein has joined the organization as president of member engagement and business collaboration. In his new role, Chuck will lead and oversee membership, policy, governance, and the International Housing Partnership. He will serve as a member of HPNā€™s Executive Leadership Team and play a key role in managing collaboration among HPN programs and member-driven social enterprises. Chuck begins his role with HPN in March.
Building on the Obama Administrationā€™s goal to expand high speed broadband to all Americans, today, U.S. Department of Housing and Urban Development (HUD) Secretary JuliĆ”n Castro and Google Fiber Vice President, Dennis Kish, announced that the West Bluff Townhomes in Kansas City, Missouri will be the first public housing development to be connected to Google Fiberā€™s ultra-high speed (gigabit speed, or up to 1000 mbps) internet through the ConnectHome Initiative.
The U.S. Department of Housing and Urban Development (HUD) today announced the agency is considering a new rule to ensure that individuals and families residing in public housing actually need housing assistance should their incomes grow well beyond the levels required for their initial admission. HUD is seeking public comment on methods to address ā€˜over-incomeā€™ public housing residents who continue to reside in public housing as other families wait for vacant units to become available
The Federal Housing Administration (FHA) today published a new consolidated handbook to guide lenders on underwriting all FHA-insured multifamily housing construction and rehabilitation transactions. FHAā€™s new MAP Guide offers a new operating manual for multifamily underwriting through the Multifamily Accelerated Processing program. Read FHAā€™s new updated MAP Guide.
The U.S. House of Representatives voted today to advance legislation that will expand opportunities for homeownership. H.R. 3700, the "Housing Opportunity Through Modernization Act," includes a number of initiatives that have strong support from the National Association of RealtorsĀ®, who hailed the vote as important progress for home buyers and sellers.
The U.S. General Services Administration (GSA) issued a Request for Information (RFI) seeking creative ideas from the real estate development community to redevelop the Thomas J. McIntyre Federal Building in Portsmouth, New Hampshire. GSA will use these ideas for planning purposes and to make strategic decisions regarding the future use of the property while providing the City of Portsmouth a potential economic development opportunity.
Bipartisan reforms to improve the effectiveness of public housing programs were approved by the House on Tuesday by a vote of 427-0. The reforms included in the ā€œHousing Opportunity Through Modernization Actā€ update and improve outdated rules and regulations in order to give state and local housing agencies and private owners more flexibility to meet key program objectives.
U.S. Sen. Lisa Murkowski, R-Alaska, today spoke in support of hydropower as the Senate resumed consideration of her broad, bipartisan energy bill. Murkowski highlighted the billā€™s provisions and amendments offered by her Senate colleagues to advance the use of hydropower ā€“ a clean, renewable baseload energy resource ā€“ in her home state of Alaska and across the country.
Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Sen. Sherrod Brown, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter requesting information from the Department of Housing and Urban Development (HUD) about the Distressed Asset Stabilization Program and the loss mitigation options available to homeowners whose loans are sold through the program.
ERC and NCLR Investigation Uncovers Housing Discrimination against Latinos in Three Major Metropolitan Areas

NEW ORLEANS, – July 22, 2013 – (RealEstateRama) — Today the Equal Rights Center (ERC) ā€”a national non-profit civil rights organization dedicated to equal opportunity for allā€”and The National Council of La Raza (NCLR) ā€”the largest national Hispanic civil rights and advocacy organization in the United Statesā€”unveiled the results of a testing-based investigation documenting adverse and differential treatment against prospective Latino renters and homebuyers in Birmingham, Alabama; Atlanta, Georgia; and San Antonio, Texas.Ā Sotheby’s HomesĀ  Fisher Investments on CrunchbaseĀ and ALLRMC.COM more »

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