Sunday, August 1, 2021

Archives

Nearly half of L.A. tenants owe back rent

National
In a new survey of Los Angeles County renters, 49% of households reported that they were unable to pay all of their rent during the pandemic. The study, by researchers from UCLA and the University of Southern California, found the median amount renters owe their landlords is $2,800. That suggests that countywide, tenants owe landlords upwards of $3 billion.
AGC

CONSTRUCTION EMPLOYMENT LAGS OR MATCHES PRE-PANDEMIC LEVEL IN 101 METRO AREAS DESPITE HOUSING BOOM...

National
Houston-The Woodlands-Sugar Land and Odessa, Texas Have Worst 16-Month Construction Job Losses; Chicago Metro Area and Fargo, N.D.-Minn. Top Lists of Metros with Job Gains Since

Rental, utility assistance available when eviction moratorium expires

National
Kansas Housing Resources Corporation (KHRC), the state’s housing finance agency, has provided $21,670,326.79 in emergency rental and utility assistance to more than 3000 Kansas households experiencing financial hardship as a result of the COVID pandemic.
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

National
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.
NAHB

New Home Sales Fall in June as Supply-Chain Challenges Remain

National
Sales of newly built, single-family homes fell 6.6 percent in June to a 676,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
MBA

Share of Mortgage Loans in Forbearance Slightly Decreases to 3.48 Percent

National
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 3.50% of servicers' portfolio volume in the prior week to 3.48% as of July
NAR

Annual Foreign Investment in U.S. Existing-Home Sales Falls 27% to $54.4 Billion, Lowest Level...

National
Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period and the fourth consecutive
FEMA

FEMA Opens Document Drop-off Center in Ypsilanti

National
A drive thru Document Drop-off Center will open in Ypsilanti on Tuesday, July 27 to help renters, homeowners and business owners affected by the June 25 – 26 severe storms and flooding.

Capital Impact Partners Launches $20 million Diversity in Development Loan Fund and Grant Program...

National
First two funded projects demonstrate how initiative creates a pathway for emerging real estate developers of color to enter the industry and positively impact...

Annual NeighborWorks America survey depicts persistent disparities in homeownership

National
Despite a year of financial challenges and setbacks, the rate of homeownership remained the same, as did troublesome socioeconomic disparities in homeownership, according to NeighborWorks America's 2021 Housing and Financial Capability Survey. Today, nearly two-in-three Americans (62%) own a home.

After The Assault of 3 Women In Inwood Hill Park Council Member Rodriguez...

National
Council Member Ydanis Rodriguez, a member of the Public Safety Committee will be calling on City Hall to add additional resources for all Northern Manhattan parks to improve their safety after a series of attacks that occurred yesterday in Inwood Hill Park. Yesterday, 3 women were either threatened or attacked within an hour in Inwood Hill Park by man authorities are still searching for.
Mayor Muriel Bowser

Mayor Bowser Cuts Ribbon on New All Affordable Senior Housing Honoring the Late Todd...

National
Mayor Muriel Bowser celebrated the opening of the Todd A. Lee Senior Residences at Kennedy Street, a 38-unit, all-affordable senior community located in the Brightwood Park neighborhood
VA

VA awards $418 million in grants to help Veterans and families at risk of...

National
The Department of Veterans Affairs awarded $418 million in grants to more than 260 non-profit organizations in June, allowing low-income Veteran families around the nation to access services under the Supportive Services for Veteran Families

Atlanta REALTORS® Releases June 2021 Statistics on Housing Market

National
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its June 2021 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties

South Carolina’s Coastal Areas Continue to Lead Statewide Home Sales in June

National
South Carolina REALTORS® (SCR) today released its statewide real estate market reports. The reports show home sales increasing by almost 15% throughout the month of June, compared to this time last year. New listings were up almost 8% to 11,428.

Rainbow Housing Assistance Corp. Partners With Related Affordable To Deliver Quality Resident Services In...

National
Rainbow Housing Assistance Corporation (Rainbow), a nonprofit organization which provides award-winning services for low-income housing tenants throughout the country, has partnered with Related Affordable, the largest private developer of affordable housing in the United States, to support the Ridgewood and Pineview senior apartment communities in The Woodlands, Texas.

Financial Regulators Update Examiner Guidance on Financial Institutions’ Information Technology Architecture, Infrastructure, and Operations

National
The Federal Financial Institutions Examination Council (FFIEC) today issued a new booklet in the FFIEC Information Technology Examination Handbook series, titled “Architecture, Infrastructure, and Operations.”
FEMA

FEMA Awards Santa Rosa County $2.83 Million to Improve Stormwater Drainage System

National
FEMA has approved a grant of $2,830,737 to help Santa Rosa County improve the drainage basin of the Metron Estates Subdivision in Pace, Florida during a storm.
U.S. Department of Commerce

Stakeholders From Across The Home Building Supply Chain Applaud Biden Administration Ahead Of Convening

National
U.S. Secretary of Commerce Gina M. Raimondo and National Economic Council Director Brian Deese will moderate a discussion at the White House with a diverse group
SEC

SEC Charges Executives of Network Infrastructure Company With Accounting Fraud

National
The Securities and Exchange Commission today charged the former CEO and CFO of FTE Networks Inc., a network infrastructure company formerly based in Naples, Florida, with conducting a multi-year accounting fraud. This alleged scheme

Business Real Estate Press Releases

Lake Park Plaza_sm

Hanley Investment Group Arranges Sale of 114,867 SF Hobby Lobby Anchored...

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 has arranged

Recent Gov & Nonprofit Real Estate Press Releases

Corner Standing Desk

What You Should Know When Choosing a Corner Standing Desk

Standing desks are very popular these days. On the market, there is a wide range of standing desks. However, corner desks with sit-stand incliners were few and far between until recently.