Housing & Development

Housing & Development
USDOJ

Chairman of Macau Real Estate Development Company Sentenced to Prison for Role in Scheme...

The chairman of a real estate development company was sentenced today to 48 months in prison and three years of supervised release for his role in a scheme to bribe United Nations ambassadors to obtain support to build a conference center in Macau that would host, among other events, the annual United Nations Global South-South Development Expo
BOMA

BOMA 360 PROGRAM WELCOMES FIRST QUARTER DESIGNEES

The Building Owners and Managers Association (BOMA) International conferred the BOMA 360 Performance Program®designation upon properties in commercial real estate markets around the world from Tampa, Florida, to Tokyo in the first quarter of 2018.

April Housing Stats for DC and Montgomery County

GCAAR is pleased to update its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Monthly analysis of the Washington, DC and Montgomery County, MD housing markets gets more detailed attention here, while GCAAR continues to be your source for ear-to-the-ground reporting from our REALTOR® members. Get monthly housing stats
NAHB

Rising Incomes Boost Housing Affordability in First Quarter of 2018

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today
ULI

Reduce Homelessness in Los Angeles With Bold, Collaborative Actions to Increase Access to Temporary...

Rising homelessness throughout Los Angeles can be stemmed only through bold, creative, collaborative actions by the public, private and non-profit sectors to increase access to shelters as well as transitional and permanent housing, says a new report from the Urban Land Institute (ULI).
Center for American Progress

ADVISORY: On Its 15th Anniversary, Center for American Progress to Convene the 2018 Ideas...

For the past 15 years, the Center for American Progress has served as a creative engine for introducing bold solutions that advance progressive values on nearly every possible front. In the past year alone, CAP has defended the Affordable Care Act; helped drive opposition to President Donald Trump’s tax and infrastructure plans; and discussed the impact of race across a wide range of issue areas.
AGC

CONSTRUCTION COSTS SURGE IN APRIL AS NEW TARIFFS AND OTHER TRADE MEASURES LEAD TO...

The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that the new data indicates many firms are already being squeezed by higher materials prices that they are unable to pass along to their customers
NEH

NEH Adds Second Humanities Infrastructure Grant Program for 2018

The National Endowment for the Humanities (NEH) will offer a second round of its new Infrastructure and Capacity Building Challenge Grants, with an application deadline of August 1. NEH announced the new grant program, designed to create and sustain humanities infrastructure
FTC

FTC Obtains Preliminary Injunction Against Mortgage Relief Operation That Deceived Homeowners

The Federal Trade Commission has charged a mortgage relief operation with deceiving distressed homeowners by falsely promising to make their mortgages more affordable and prevent foreclosure. A federal court temporarily halted the scheme and froze the defendants’ assets at the FTC’s request.

National Civil Rights Groups and Fair Housing Advocates File Brief Holding Bank of America...

On May 4, the Lawyers’ Committee for Civil Rights Under Law, the ACLU Foundation, the National Fair Housing Alliance, the NAACP Legal Defense & Educational Fund, Inc., the Poverty and Race Research Action Council (PRRAC), AARP and eight fair housing organizations filed a motion seeking leave to file a “friend of the court,” amicus curiae brief in City of Miami v. Bank of America and Wells Fargo & Co., a case pending in the Eleventh Circuit Court of Appeals.

White House rescissions package puts critical housing, community development programs at risk

The Office of Management and Budget has requested $15.4 billion in cuts from resources already allocated to federal agencies in a rescissions package sent to Congress today. Included in the request is a cut of over $257 million in housing and community development funds, including HUD’s Public Housing Capital Fund, Treasury’s Community Development Financial Institutions and Capital Magnet Funds, and USDA’s Rental Assistance and Community Facilities programs

Three Communities Nationwide Awarded Funding for Green Stormwater Infrastructure Community Outreach and Education

For the second year in a row, the National Recreation and Park Association(NRPA) and Southwest Airlines® are proud to partner on a Community Outreach and Education Grant program to help fund green stormwater infrastructure projects in underserved, low-income communities across the United States.
Habitat

Habitat for Humanity, Lowe’s and more than 18,000 women build with families nationwide during...

For the 11th year, Habitat for Humanity and Lowe’s will host the annual National Women Build Week from May 5-13 where thousands of women volunteers and Habitat homeowners will unite nationwide to build up their communities and gain skills in home construction.

More than 1,850 community-development professionals to attend NeighborWorks Training Institute, boosting local economy by...

Kansas City, MO — An estimated $4.2 million boost is coming to the Kansas City economy when community-development professionals from around the country convene...
AGC

CONSTRUCTION EMPLOYERS ADD 17,000 JOBS IN APRIL AND 257,000 FOR THE YEAR; HOURLY EARNINGS...

Construction employment increased by 17,000 jobs in April and by 257,000 jobs over the past year while firms boosted pay to help recruit new workers, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that the increases in pay appear to be attracting more former construction workers back into the job market, but cautioned that labor conditions remain extremely tight.

Business Real Estate Press Releases

Multi-Tenant Retail Property

Hanley Investment Group Arranges Sale of Newly Constructed Multi-Tenant Retail Property...

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 completed the sale of a 6,777-square-foot new construction multi-tenant retail pad building occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipotle, Jersey Mike’s Subs and WaBa Grill at 13916 Garvey Avenue in Baldwin Park, Calif.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness