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Simon “out of deal business,” will invest in new construction, renovations instead

Simon is out of the deal business. After an unsuccessful attempt to buy rival REIT Macerich earlier this year, Indianapolis–based Simon is reinvesting its money in its own business, which happens to be booming, executives said on the firm’s second-quarter earnings call. Simon plans to repurchase $2 billion worth of its shares, and bought $505 million worth during the quarter alone. “We don't see any big deals on the horizon for us, so we are obviously very focused on development, redevelopment,” said chairman and CEO David Simon.

Oregon Voters Express Strong Support for More Federal Funding to Increase Affordable Housing to Address Homelessness

the National Low Income Housing Coalition (NLIHC) and the Oregon Opportunity Network, a NLIHC state partner, released the findings of a state-wide public opinion poll that measured Oregon registered voter support for changing the mortgage interest deduction, addressing homelessness, and creating more affordable housing. A sizable majority of registered Oregon voters surveyed expressed support for increasing federal funding for affordable housing to address homelessness and for increased state investments in building homes for homeless and low-income families.

Property/Casualty Insurers’ Profitability Grows in First-Quarter 2015

Private U.S. property/casualty insurers’ net income after taxes grew to $18.2 billion in first-quarter 2015 from $13.9 billion in first-quarter 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing to 10.8 percent from 8.4 percent, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)

TD Ameritrade works with Habitat for Humanity for the eighth year

TD Ameritrade announced today that it is donating to Habitat for Humanity in 2015 to support its mission of creating safe, decent, affordable housing in partnership with low-income families across the U.S. This is the company’s eighth consecutive year supporting Habitat for Humanity

SEIA, CohnReznick Release Solar Project Valuation Guide

As a tool for investors, financiers, project developers and others, the Solar Energy Industries Association (SEIA) and CohnReznick, a leading national accounting, tax and advisory firm, today released a guide to the valuation of solar projects for financial reporting purposes.

Affordable Housing Demand will Boost the Indian Housing Market

The housing industry in India has experienced upward movement even in the tough global economic conditions. The main reason for growth is the rising number of low and mid-income group in the country’s Tier I, II and III cities. These households have the potential to make investments in the affordable houses as their purchasing power meet the value of average affordable homes.

Mayor Lee’s Statement On Board Of Supervisors Budget & Finance Committee Unanimous Approval Of City’s Two-Year Budget

Mayor Edwin M. Lee issued the following statement regarding the Board of Supervisors Budget and Finance Committee on voting unanimously to support a historic record of additional investments –with $25 million specifically targeted for the further production of permanently affordable housing Citywide – in the City’s two-year balanced budget for Fiscal Year 2015-16 and 2016-17

OPIC to Support 20 MW Jamaican Solar Energy Facility

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, today signed a financing agreement with Content Solar Ltd., solidifying a $47 million OPIC loan to support a 20 megawatt grid-connected solar photovoltaic facility in Clarendon, Jamaica. The project is being developed by Tampa, Fla.-based WRB Enterprises (WRB).

As the Chinese Mainland’s Real Estate Markets Slowly Recover, Investors are Cautiously Optimistic About Investment and Development Prospects, Says ULI Survey

Investors are cautiously optimistic about investment and development prospects in the Chinese Mainland’s Tier 1 and leading Tier 2 cities as well as those located in economically prosperous coastal regions, as demand for new housing and office space rises with the country’s burgeoning high-tech industry and the expansion of high-speed rail lines and subway infrastructure, according to Chinese Mainland Real Estate Markets 2015, released today by the Urban Land Institute (ULI).

Community Organizations Hold Delaware Reinvestment Summit in Wilmington

On Tuesday, June 16, the National Community Reinvestment Coalition (NCRC) and other community groups hosted a statewide summit in Wilmington on community reinvestment in Delaware. Community-based organizations, financial institutions, and public officials from across the state gathered at the Delaware Reinvestment Summit to address some of Delaware's biggest economic challenges

Latest Energy Efficiency Standards Unite Diverse Interest Groups To Strengthen Economy And Achieve More Secure Energy Future

“New standards announced by the Commercial Package Air Conditioners and Commercial Warm Air Furnaces Working Group are the most recent example of the capacity for energy efficiency to unify industry representatives, community advocates and diverse political perspectives to create meaningful recommendations with a significant impact.

Highway Funds Would Spur Foreign Investment in U.S. Real Estate

NMHC/NAA this week joined our real estate partners in urging Congress to reduce the barriers of the Foreign Investment in Real Property Tax Act (FIRPTA) on foreigners investing in U.S. real estate as they consider extending highway funding beyond July. Specifically, because FIRPTA relief would spur billions of dollars in infrastructure spending, it would be a natural fit for legislation designed to finance a long-term reauthorization of highway spending.

Obama Administration Announces More Than $4 Billion in Private Sector Commitments and Executive Actions to Scale up Investment in Clean Energy Innovation

Taking Action to Cut Carbon Pollution and Grow the Economy through the Administration’s Clean Energy Investment Initiative While Doubling Initial Goal of $2 Billion

MBA Welcomes 21 New Members

the Mortgage Bankers Association (MBA) announced that in April and May it welcomed 21 new regular members to its ranks, which currently numbers more than 2,200 member companies.

MacArthur Impact Investments Help Advance Energy Efficiency Financing for Multifamily Housing

MacArthur today announced its progress and plans for $31 million in impact investments to advance innovative energy efficiency financing specifically designed for multifamily housing

USDA Seeks Applications for Grants to Provide Development Support to Rural Cooperatives

Agriculture Secretary Tom Vilsack today announced that USDA is accepting applications for grants to help rural cooperatives develop new markets for their products and services. USDA is making the grants available to non-profit corporations and institutions of higher education through the Rural Cooperative Development Grant (RCDG) program.

USDA Invests $6.7 Million in 544 Renewable Energy and Energy Efficiency Projects Nationwide

Secretary Vilsack made the announcement during a visit to the Snake River Brewing Company, in Jackson, Wyo. The company received a $13,810 USDA Rural Development Rural Energy for America Program (REAP) grant to install a solar panel to generate energy for the business.

New AmeriCorps Project to Reduce Homelessness and Expand Economic Opportunity in Salt Lake County

The Corporation for National and Community Service (CNCS), the federal agency that administers AmeriCorps, today announced that Salt Lake County will be one of 10 communities nationwide to become part of the agency’s new Operation AmeriCorps initiative.

GRESB Launches Survey for Real Estate Debt Funds

GRESB, the leading global standard for portfolio-level sustainability assessments in real estate, today released the 2015 GRESB Debt Survey. Serving real estate equity investors with ESG data since its launch in 2009, GRESB will now also assist institutional investors in real estate debt. The debt assessment will apply a standardized reporting framework, enabling investors to extend ESG integration to their real estate debt investments

GOLDMAN SACHS TARGETS $1 BILLION RENEWABLE ENERGY BOND ARRANGEMENT TO EXPAND CLEAN ENERGY IN JAPAN

The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it will target $1 billion of renewable energy bond arrangements to expand clean energy in Japan