Housing & Development

Housing & Development

Brown Statement on CFPB Action Against Ocwen Financial for Failing Homeowners

U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – issued the following statement regarding today’s action by the Consumer Financial Protection Bureau and state regulators against Ocwen Financial Corp. The CFPB alleges that Ocwen, one of the nation’s largest nonbank mortgage servicers, for years “engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process,” according to the bureau.
NAHB

Increases in Remodeling Market Indicators Reflect Broad-Based Confidence

Some people think about it, while others would rather not. But if you’ve ever wondered what happens to all the water that leaves your home after the dishes are done and the toilet is flushed… now is your chance to find out.
NMHC

Apartment Markets Sluggish in the April NMHC Quarterly Survey

Despite moderate improvements over the first quarter of 2017, all four indexes of the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions remained below the breakeven level of 50. The Market Tightness (41), Sales Volume (30), Equity Financing (42), and Debt Financing (41) all indicated continued softening conditions in apartment markets even as demand for apartment residences remains strong.
Natural Resources

Bishop Announces Senior Committee Staff Changes

Kiel Weaver, staff director for the Subcommittee on Water, Power and Oceans, is leaving the Committee to join the office of House Speaker Paul Ryan. Beginning May 1, Kiel will serve as the Speaker’s adviser on energy and environment issues. Bill Cooper, staff director for the Subcommittee on Energy and Mineral Resources, and Rob Gordon, staff director for the Subcommittee on Oversight and Investigations, are also departing the Committee.
SEIA

Statement by House Majority Leader Rodrigues, SEIA and Vote Solar Following Passage of HB...

House Bill 1351 unanimously passed the House Commerce committee today. House Majority Leader Ray Rodrigues, Tom Kimbis with the Solar Energy Industries Association (SEIA) and Scott Thomasson with Vote Solar issue the following statements in response to legislative activity in Florida.
ULI

Real Estate Economists Predict Moderate Growth for the Economy and Commercial Real Estate Industry...

The U.S. economy and commercial real estate industry are, in general, expected to experience moderate growth through much of 2019, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate.
Mayor Muriel Bowser

Mayor Bowser to Cut Ribbon at “Green” Renovated Affordable Housing Preservation Project

On Thursday, April 20, at 2 pm, Mayor Muriel Bowser will celebrate the completion of renovations at Channel Square Apartments, a 231 unit mixed-income building in Ward 6. Committed to housing preservation for all DC residents, renovations at Channel Square include energy efficient heating and cooling, a computer lab, a community garden, and a playground
HUD

RUTGERS UNIVERSITY WINS HUD 2017 INNOVATION IN AFFORDABLE HOUSING STUDENT DESIGN AND PLANNING COMPETITION

The U.S. Department of Housing and Urban Development (HUD) announced a graduate student team from Rutgers University as the winners of HUD’s fourth annual Innovation in Affordable Housing Student Design and Planning Competition. The Rutgers team was one of four finalists to introduce a comprehensive plan for redeveloping a property owned by the Cuyahoga Metropolitan Housing Authority in Cuyahoga County, Ohio. HUD also announced a team from the University of Michigan as runner-up.
HUD

HUD REACHES AGREEMENT WITH CALIFORNIA LENDERS TO RESOLVE CLAIMS OF UNFAIR LENDING PRACTICES AGAINST...

The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with a group of California mortgage lenders to resolve allegations they discriminated against a mortgage applicant based on his national origin. The complainant alleged that American Financial Network of Brea, California; Benchmark Communities of Fresno; Brigantino Enterprise of Hollister; and an employee of Benchmark Communities failed to prequalify him to purchase a home in Hollister because he is Hispanic.

Homeowners invited to USDA, NMHC info session

Marianas residents who wish to repair or improve their homes for health or safety reasons are encouraged to attend a free information session with the U.S. Department of Agriculture’s Rural Development Program and the Northern Marianas Housing Corporation on April 18 at the American Red Cross - NMI Chapter office on Airport Road in Dandan, Saipan.
HUD

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN MARCH

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for March 2017
NREL

Experts Outline Pathway for Generating Up to Ten Terawatts of Power from Sunlight by...

The annual potential of solar energy far exceeds the world's energy consumption, but the goal of using the sun to provide a significant fraction of global electricity demand is far from being realized
Center for American Progress

As the US Determines its Role in the Global Climate Effort, Self-interested Nations Pursue...

The Trump administration is currently deciding whether the United States will remain in the Paris Agreement and stand by its climate commitments. The upcoming meetings of international forums—including the G-7 and G-20—will provide some clarity on the new U.S. role in the global climate effort and the international response. In the meantime, there are indications that other major economies are steadfast in supporting the climate movement.
SEIA

SEIA Urges Nevada Panel to Pass Net Metering Bill

The Solar Energy Industries Association (SEIA), the industry's national trade group, has sent a letter urging a Nevada Assembly committee to pass a pro-consumer net metering bill (AB 270). That measure would return the state to its previous net metering policy, which allowed all homeowners to sell excess electricity back to the utility and solar jobs to flourish.

Lower-cost Home Renovations Offer Best Value: Appraisal Institute

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advocated that homeowners pursue smaller-scale renovation projects in order to maximize their potential return on investment
NAHB

Single-Family Production Falls in March After Strong February Reading

Following an elevated February reading, nationwide housing starts fell 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Still, new housing production in the first quarter of this year is running 8.1 percent above the pace in 2016
AWEA

Clean energy coalition supports proposed FERC revision of interconnection process

A coalition of clean energy groups voiced their support today for proposed interconnection changes by the Federal Energy Regulatory Commission (FERC) to improve the efficiency and transparency of interconnection requests and remove barriers to renewable energy development
NREL

NREL Brings Together Clean Energy Innovators at Industry Growth Forum

The Industry Growth Forum, hosted by the Energy Department's National Renewable Energy Laboratory (NREL), this week attracted more than 400 investors, entrepreneurs, technologists and thought leaders to Denver, Colo. Three companies were honored with Best Venture and Outstanding Venture Awards at the conclusion of the event.
NAHB

Builder Confidence Holds Firm in April

Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after an unusually high March reading.
NREL

NREL Researchers Capture Excess Photon Energy to Produce Solar Fuels

Scientists at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) have developed a proof-of-principle photoelectrochemical cell capable of capturing excess photon energy normally lost to generating heat
ULI

Immigrants’ Strong Desire for Homeownership Will Shape U.S. Housing Markets, Says New ULI Report,...

The housing and neighborhood location choices of immigrants will have a significant impact on urban growth in the U.S. for decades to come, particularly as more foreign-born residents seek to own homes in suburban communities, according to new research from the Urban Land Institute’s Terwilliger Center for Housing. Homebuilders and developers who can deliver the housing options immigrants want and need stand to benefit in the years to come.
ABI

Former U.S. Energy Secretary Spencer Abraham to Examine E&P Industry Recovery, Future Policy at...

Former Senator and U.S. Energy Secretary Spencer Abraham will be providing the luncheon keynote at the Annual Spring Meeting on Friday, April 21. Currently a principal in the Washington, D.C., office of Blank Rome Government Relations LLC, Abraham served for four years as Secretary of Energy for under President George W. Bush, and six years as a U.S. Senator.
NREL

NREL Establishes World Record for Solar Hydrogen Production

Scientists at the U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) recaptured the record for highest efficiency in solar hydrogen production via a photoelectrochemical (PEC) water-splitting process.
DHCD

DHCD Awards 6 Properties in Historic Anacostia

The DC Department of Housing and Community Development (DHCD) announced today that it has awarded six District-owned properties in Historic Anacostia in Ward 8 to two experienced, non-profit organizations for the development of family-style affordable housing units
FTC

FTC Staff Submits Comment to FERC on Helping New Electricity Generators Connect to the...

The Federal Trade Commission staff has submitted a comment to the U.S. Federal Energy Regulatory Commission (FERC). The staff comment responds to FERC’s request for comments on its proposal to improve the rules governing how electricity generation facilities connect to the transmission grid. These reforms are designed to allow wholesale power producers to connect to the transmission grid more quickly and cost-effectively
Homeselfe®RE

Mobile App Creates Reports Based on Smart Home and Energy Efficiency Data

Growing numbers of homebuyers and sellers are looking for energy efficient homes and the Homeselfe®RE app empowers agents with several tools to serve these clients. A survey of brokers and agents released last week by the National Association of REALTORS®(NAR)reveals that nearly 80% feel that Utility Costs are very or somewhat important to homebuyers. Based on its patent pending technology, Homeselfe®RE can easily generate smart home, energy efficiency and solar reports an agent can use in listing presentations and marketing materials.
Energy

Secretary of Energy Rick Perry Press Statement on the G-7 Energy Ministerial

I would like to thank Minister Calenda and our Italian hosts for their hard work in preparing this Ministerial, and for their hospitality. I was proud to represent the United States today, and I look forward to working with our G-7 partners in the years ahead
Congresswoman Eleanor Holmes Norton

Norton Wants Hearing on Abusive Removal of United Airlines Passenger from Flight

Congresswoman Eleanor Holmes Norton (D-DC), a senior member of the Transportation and Infrastructure Committee and its Subcommittee on Aviation, released the following statement calling for a hearing on the violent removal of a passenger from a United Airlines flight
DCHFA

DCHFA Finances a Fourth Project at The Yards

The District of Columbia Housing Finance Agency (DCHFA) issues $55 million (long term tax exempt bonds) in acquisition and construction financing for Guild (1346 4th Street SE) a new apartment building with 39 of its 191 units reserved for residents earning at or below 50 percent of the area median income. The affordable units will be interspersed with the market rate units creating an income diverse community.

New Appraisal Institute Book Addresses Challenges of Valuing Mobile Homes

The popularity of mobile homes and recreational vehicles will continue to grow as manufacturers offer new design concepts and aging baby boomers look for affordable housing and travel options, according to a new book by the Appraisal Institute.

Popular

Representative photo

Hanley Investment Group Completes Sale of Brand New Single-Tenant Starbucks at...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new construction single-tenant corporate Starbucks with a drive-thru located in Bakersfield, Calif. The purchase price of $2.65 million represented a cap rate of 4.09 percent and $1,432 psf. According to CoStar, this sale achieved a record low cap rate for a single-tenant Starbucks in Bakersfield and a record high price per square foot in the city.

Recent

Brown Statement on CFPB Action Against Ocwen Financial for Failing Homeowners

U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – issued the following statement regarding today’s action by the Consumer Financial Protection Bureau and state regulators against Ocwen Financial Corp. The CFPB alleges that Ocwen, one of the nation’s largest nonbank mortgage servicers, for years “engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process,” according to the bureau.