Last     Government     Public     Business    


Affordable Workforce Housing Breaks Ground in the Heart of Sonoma Springs

County leaders and other supporters join MidPen in celebrating the groundbreaking of Fetters Apartments, 60 affordable apartments for families in Fetters Hot Springs, Sonoma. On Friday August 14th, Sonoma County Supervisor Susan Gorin joined other county leaders to celebrate the groundbreaking of Fetters Apartments – an affordable, workforce rental apartment community being developed by MidPen Housing in the heart of Sonoma Springs

Former Investment Banker Turned Activist to Lead Latina Brunch at NAHREP Convention

The National Association of Hispanic Real Estate Professionals® (NAHREP®) has announced Julissa Acre, former Goldman Sachs star and current public affairs director at Define American, will keynote the Latina Brunch session at its 2015 National Convention & Latin Music Festival.

NCRC Statement on Court Ruling to Overturn New York City’s Responsible Banking Act

The National Community Reinvestment Coalition (NCRC) reacted in disappointment to the ruling by U.S. District Judge Katherine Polk Failla overturning New York City’s Responsible Banking Act in The New York Bankers Association v. The City of New York. The Responsible Banking Act is one of several responsible banking ordinances that U.S. cities have recently passed, which require banks bidding on municipal deposits and investments to submit community development plans describing the loans, investments, and bank services they would provide to minority and modest-income neighborhoods.


Today at the White House, President Obama and Environmental Protection Agency (EPA) Administrator Gina McCarthy will release the final Clean Power Plan, a historic step in the Obama Administration’s fight against climate change

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.

HomeUnion expands, offering SFR investment properties in five new metro areas

HomeUnion an online, real-estate investment management firm enabling value investing in single-family rental (SFR) properties announced today that it has added Atlanta, Ga.; Davenport, Iowa/Ill.; Huntsville, Ala.; Jacksonville, Fla., and, Orlando, Fla., to its list of active investment markets. Investors can now find and purchase pre-vetted, SFR investment properties in these markets on the company's secure website

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