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FHFA INCREASES FANNIE MAE AND FREDDIE MAC CONFORMING LOAN LIMITS FOR 2017

The Federal Housing Finance Agency (FHFA) announced November 23 that the maximum conforming loan limits for mortgages obtained by Fannie Mae and Freddie Mac will increase in 2017. This is the first time FHFA has increased the conforming loan limit since 2006.

This Giving Tuesday, AWEA will harness the Power of Wind to help veterans find...

The American Wind Energy Association (AWEA) is putting out a call this #GivingTuesday to its grassroots network, Power of Wind, asking for support communicating the economic success of wind power while also aiding veterans transitioning back to the civilian workforce.

New Home Sales Down 1.9 Percent in October

Sales of newly built, single-family homes fell 1.9 percent in October from a downwardly revised September reading to a seasonally adjusted annual rate of 563,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Purchase Applications Drive Increase in Latest MBA Weekly Survey

Mortgage applications increased 5.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 18, 2016.

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

The National Low Income Housing Coalition (NLIHC) is committed to working with the next Department of Housing and Urban Development (HUD) secretary to ensure the country’s poorest families have decent, safe and affordable homes. HUD oversees federal rental assistance programs that serve over 5 million of the country’s lowest income households, as well as administers tens of billions of dollars in community development, disaster recovery, and homeless assistance funding, enforces fair housing laws and acts as one of the largest mortgage insurers in the world.

NCOA Awards Grants to 15 New Organizations to Become Benefits Enrollment Centers

The National Council on Aging (NCOA) has awarded grants to 15 new organizations to become part of a growing national network of Benefits Enrollment Centers (BECs) that provide person-centered assistance to low-income seniors and younger adults with disabilities to enroll them in programs that help pay for health care, prescriptions, food, utilities, and more.

Existing-Home Sales Jump Again in October

Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October

Second Century Ventures Invests in Trust Stamp and Keeping Realtors® Safe

The National Association of Realtors®’ venture capital fund Second Century Ventures has become a strategic investor in Trust Stamp, an identity authentication company that leverages artificial intelligence and blockchain technologies.

MBA Opens Doors Foundation Completes Record Setting Fundraising Season

The Mortgage Bankers Association Opens Doors Foundation (MBA Opens Doors) today announced it reached its 2016/2017 fundraising campaign goal of $1.5 million during its annual convention which was recently held in Boston. MBA Opens Doors is a non-profit organization dedicated to providing assistance to families with a critically ill or injured child by making their mortgage or rent payment.

201 Commercial Real Estate Pros Earn the Prestigious CCIM Designation

CCIM's newest 201 designees were honored by CCIM Institute and their local chapter members during a pinning ceremony and cocktail reception on Oct. 26 during CCIM Institute's Annual Governance Meetings at the Grand Hyatt Atlanta in Atlanta. The new CCIMs hail from 37 states, with the highest concentration in Texas, Florida, and California, and have varying years of experience and work in all aspects of the commercial real estate profession.
courtesy of TEN Arquitectos

Rutgers Business School Wins National Building Design Award

The new Rutgers Business School in Piscataway, N.J., has earned national recognition in the 2016 Innovative Design in Engineering and Architecture with Structural Steel awards program (IDEAS2. In honor of this achievement, members of the project team will be presented with awards from the American Institute of Steel Construction (AISC) during a ceremony to take place at the building on Tuesday, November 22, at 4 p.m.
Senator Bob Wieckowski

Affordable Housing for Families and the Formerly Homeless Opens in Fremont

On November 3rd, Fremont Mayor Bill Harrison, Alameda County Supervisor Scott Haggerty, California State Senator Bob Wieckowski and U.S. Congressman Eric Swalwell joined other leaders to celebrate the Grand Opening of Laguna Commons, a transit-oriented, environmentally sustainable, and well-designed affordable rental apartment community that serves as a model for affordable housing development. The event highlights the value of Measure A1 which, if passed next week, will help create more communities like Laguna Commons for Alameda County’s working families, children, veterans, seniors, and people with special needs

HUD Properties Available for Homeless Services

In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Nov. 18, 2016, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in Oklahoma

PACE Energy Efficiency Mortgages Still Risky Despite New Department of Energy Guidelines

New best practices guidelines released today by the U.S. Department of Energy (DOE) for Property Assessed Clean Energy (PACE) mortgages could encourage states and localities to begin to address some of the growing problems and potential for abuse in this market. The new guidelines are a significant improvement from earlier guidelines but far stronger, enforceable protections are needed to ensure true energy savings and to protect homeowners

DHCD Announces NOFA for Winter 2017 Affordable Housing Rental Round

The Department of Housing and Community Development (DHCD) announced a Notice of Funding Availability (NOFA) for the start of the winter 2017 affordable housing competition for rental projects

MBA Commits $100,000 to Diversity and Inclusion Scholarships

The Mortgage Bankers Association (MBA) today announced that it would dedicate proceeds from its 3rd Annual Summit on Diversity and Inclusion, totaling $100,000, to its Path to Diversity & Inclusion Scholarships. The scholarships support diverse individuals who take MBA Education courses for professional development.

HOUSING NOT HANDCUFFS REPORT SHOWS INCREASE IN THE CRIMINALIZATION OF HOMELESSNESS

Today, the National Law Center on Homelessness & Poverty ("Law Center") releases its Housing Not Handcuffs report which shows that the criminalization of homelessness continues to increase throughout the country, despite strong evidence showing it is counter-productive and expensive. A national press conference will be held today at 11 a.m. ET to discuss the findings of the report.

ONLY 23 STATES & D.C. ADD CONSTRUCTION JOBS BETWEEN SEPTEMBER AND OCTOBER AS DEMAND...

Only 23 states and the District of Columbia added construction jobs between September and October while construction employment increased in 35 states between October 2015 and October 2016, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said declining public-sector investments in infrastructure and other public projects were undermining construction employment growth in many parts of the country

HUD ANNOUNCES VAWA FINAL RULE

On November 16, HUD published in the Federal Register the final rule implementing housing provisions under the Violence Against Women Reauthorization Act of 2013 (VAWA) as it applies to HUD programs. The rule codifies VAWA core protections across covered HUD programs to ensure individuals are not denied assistance, evicted, or have their assistance terminated because of their status as victims of domestic violence, dating violence, sexual assault and stalking, or for being affiliated with a victim

Housing Starts Jump 25.5 Percent in October

Led by impressive gains in both single-family and multifamily production, nationwide housing starts surged 25.5 percent in October to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family starts reached their highest level since October 2007 while multifamily production jumped 68.8 percent from the previous month.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases