Home Housing & Development
The DC Department of Housing and Community Development (DHCD) closed a loan agreement totaling more than $1.5 million that will help preserve 13 affordable housing units in Ward 4 for a tenant organization that invoked their rights under the Tenant Opportunity to Purchase Act (TOPA). The funding was made available through the Housing Production Trust Fund (HPTF).
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement on President Trump's executive order that effectively rolls back the Federal Flood Risk Management Standard:
Texas native Anna Maria Farías is the new Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development (HUD). Following her confirmation last week by the U.S. Senate, HUD Secretary Ben Carson today administered the oath of office to Farías who will now lead the Department's work to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities.
Rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement regarding the U.S. Department of Housing and Urban Development’s new report on the number of rent-burdened families rising to the second-highest level on record
As Congress grapples with the future of healthcare, politicians, advocates, and others would do well to take a page from a recent report published by Mercy Housing and the Low Income Investment Fund (LIIF), titled “Innovative Models In Health and Housing.”
The Building Owners and Managers Association (BOMA) International elected six Executive Committee members at the 2017 BOMA International Conference & Expo in Nashville, Tennessee, in late June.
NCSHA PRESENTS TESTIMONY AT U.S. SENATE HEARING EXAMINING SOLUTIONS TO AMERICA’S AFFORDABLE HOUSING CRISIS
National Council of State Housing Agencies (NCSHA) President Grant S. Whitaker testified before the U.S. Senate Committee on Finance during an August 1 hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” Whitaker addressed the nation’s critical need for affordable housing and the roles the Low Income Housing Tax Credit (Housing Credit) and tax-exempt private activity Housing Bonds (Housing Bonds) play in responding to that need.
The Department of Housing and Urban Development (HUD) published on August 9 its Worst Case Housing Needs: 2017 Report to Congress, showing that 8.3 million unassisted very low income households in America spend more than half of their income on their housing, live in severely substandard housing, or both. The number of households experiencing this “worst case housing” has increased by 41% since 2007 and by 66% since 2001. We are experiencing an affordable housing crisis of unprecedented proportions.
The number of very poor unsubsidized families struggling to pay their monthly rent and who may also be living in substandard housing increased between 2013 and 2015, according to a new report released today by the U.S. Department of Housing and Urban Development. HUD reports that in 2015, 8.3 million very low-income unassisted families paid more than half their monthly income for rent, lived in severely substandard housing, or both.
Philadelphia symposium on economic empowerment addresses financial challenges facing low- and moderate-income families
An Aug. 16 symposium in downtown Philadelphia will explore how knowledge and skills alone won't improve a person's financial situation; policies, programs and financial products are necessary to promote prosperity for more individuals and families.
This new book is a valuable resource for those who want to keep up and stay ahead of the newest ideas and trends in commercial real estate, Appraisal Institute President Jim Amorin, MAI, SRA, AI-GRS, wrote in the books foreword
PHH Corp. PHH Mortgage Corp. and PHH Home Loans (collectively, PHH) have agreed to pay the United States $74,453,802 to resolve allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA), guaranteed by the United States Department of Veterans Affairs (VA), and purchased by the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) that did not meet applicable requirements, the Justice Department announced today.
In a further sign that the housing sector is continuing to gain momentum, nearly 300 markets nationwide posted an increase in economic and housing activity from the first quarter to the second quarter, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today
Members of the National Association of Home Builders (NAHB) Building Systems Councils are celebrating Building Systems Week from Aug. 7 - 11 This week-long event aims to educate NAHB members and consumers on the advantages of systems-built homes as opposed to traditional stick building.
VA Secretary David J. Shulkin announced an extension of funding to organizations that applied for Fiscal Year 2018 grants under VA’s Homeless Providers’ Grant and Per Diem Program, but would be found ineligible due to new program guidelines.
The DC Department of Housing and Community Development (DHCD) closed two loan agreements totaling more than $4.2 million that will help preserve 33 affordable housing units in Ward 4 for tenant organizations that invoked their purchase rights through the Tenant Opportunity to Purchase Act (TOPA). The funding was made available through the Housing Production Trust Fund (HPTF).
Fort Myers, Florida – Acting United States Attorney W. Stephen Muldrow announces that Twaski Jackson (38, Lee County) today pleaded guilty to a two count information charging him with stealing and embezzling thousands of dollars from the City of Fort Myers Housing Authority and the Lee County Housing Authority.
Builder confidence in the single-family 55+ housing market strengthened in the second quarter of 2017 with a reading of 66, up 11 points from the previous quarter, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. This is the 13th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor
On August 3, the District of Columbia Housing Finance Agency (DCHFA) will launch the Housing Investment Platform (HIP) and Single Family Investment Pilot at the site of HIP’s first project Elvans Road Townhomes (2501 Elvans Road Southeast, 10-11:00 a.m.) As a part of the Single Family Investment Pilot, DCHFA has partnered with H2DesignBuild, a Certified Business Enterprise with Small Business Enterprise points and City First Bank, to construct five new townhomes in Ward 8’s Barry Farm neighborhood.
The U.S. Department of Housing and Urban Development (HUD) announced today it is making $38 million available to fight housing discrimination through the Department’s Fair Housing Initiatives Program (FHIP). The grants offered through three FHIP funding notices will support a variety of critical fair housing activities, including fair housing testing in the rental and sales market, public education efforts, capacity building, and education and outreach activities.
The United States late yesterday filed a complaint in intervention against the City of Los Angeles and the CRA/LA (formerly the Community Redevelopment Agency of the City of Los Angeles) alleging that together they fraudulently obtained millions of dollars in housing grants from the U.S. Department of Housing and Urban Development (HUD) by falsely certifying that the money was being spent in compliance with federal accessibility laws
The National Association of Home Builders (NAHB) officially opened online registration today for the 2018 NAHB International Builders’ Show® (IBS), the largest annual light construction trade show in the world
Now in its 37th year, NAHB’s national sales and marketing awards program, The Nationals?, is open for entries. Honoring the best in new-home sales, marketing and design, The Nationals competition pays tribute to superior new-home sales and marketing achievements by individual sales and marketing professionals, home builders and associates, and local sales and marketing councils.
The National Association of Home Builders (NAHB) today called on Congress to pass the Affordable Housing Credit Improvements Act of 2017 (S. 548), legislation that would promote the construction of sorely needed rental apartments and help alleviate the nation’s affordable housing crisis
The National Low Income Housing Coalition (NLIHC) released the “Reforming the Mortgage Interest Deduction: How Tax Reform Can Help End Homelessness and Housing Poverty” report today calling for Congress and the Trump administration to use mortgage interest deduction (MID) reform to end homelessness and housing poverty in America.
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an additional $178.5 million to help hard-hit areas in several states recover from severe flooding that occurred in 2015 and 2016. The grants announced today are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program.
CONSTRUCTION SPENDING DECREASES FROM MAY TO JUNE AS PUBLIC INVESTMENT IN INFRASTRUCTURE AND EDUCATION...
Construction spending in June declined from May but increased from a year ago as public investment shrank for nearly every type of structure, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the significant declines in public-sector construction spending come at a time when much of the nation’s public infrastructure is deteriorating due to age or overuse.
Roderick Jackson is the new laboratory program manager for buildings-related research at the Energy Department's (DOE's) National Renewable Energy Laboratory (NREL). Jackson comes to NREL from Oak Ridge National Laboratory (ORNL), where he was the group manager for Building Envelope Systems Research.
While many design professionals in the U.S. building industry use building information modeling tools, many people still require and rely upon computer-aided design (CAD)-based, two-dimensional drawings for project information delivery. In 2014, the developers of the United States National CAD Standard® (NCS)—The American Institute of Architects (AIA), Construction Specifications Institute (CSI) and National Institute of Building Sciences (NIBS)—released NCS Version 6 (V6), which includes a new section on implementing BIM.