Monday, August 2, 2021

Archives

FTC

FTC Sends More Than $172 Million in Refunds to Consumers Misled by Rent-To-Own Provider...

National
The Federal Trade Commission is returning more than $172 million to consumers who overpaid for merchandise they purchased using rent-to-own plans provided by Progressive Leasing. More than two million consumers will receive
Wendy's_Alexandria_LA_sm

Hanley Investment Group Sells Single-Tenant Wendy’s Drive-Thru in Louisiana

National
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 the sale of a single-tenant net-leased investment
NAHB

Regulatory Costs Add a Whopping $93,870 to New Home Prices

National
Regulations imposed by all levels of government account for $93,870, or 23.8 percent of the current average sales price ($397,300) of a new single-family home
Dayton_sm

Hanley Investment Group Sells Portfolio of Four Single-Tenant Net-Lease Properties for $9.8 Million in...

National
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
MBA

COVID-19 Pandemic to Cause Pullback in Commercial/Multifamily Lending in 2020

National
Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties in 2020, a 59 percent decline from 2019's record volume of $601 billion, according to a new forecast released today
NAHB

Tampa Builder Named New Chairman of the National Association of Home Builders

National
John “Chuck” Fowke, a Tampa, Fla.-based custom home builder with 40 years of experience in the home building industry, was named chairman of the National Association Home Builders (NAHB) during the association’s Spring Leadership Meeting
USDA

USDA Provides $6 Million to Expand Broadband Infrastructure for Two Rural Oregon Counties

National
U.S. Department of Agriculture (USDA) Rural Development State Director John Huffman today announced that USDA is providing $6 million to expand high-speed broadband infrastructure that will provide e-Connectivity for nearly 650 new customers
DOE

Department of Energy Releases Annual Wind Market Reports, Finding Robust Wind Power Installations and...

National
The U.S. Department of Energy (DOE) has released annual market reports documenting data and trends in wind installations, technologies, costs, prices, and performance through the end of 2018 for three sectors
NIBS

National Institute of Building Sciences President & CEO Joins U.S. Green Building Council Board

National
National Institute of Building SciencesPresident and CEO Lakisha Ann Woods has joined the U.S. Green Building Council board of directors.
Mayor Muriel Bowser

Mayor Bowser Breaks Ground on Ward 1 Short-Term Family Housing

National
Mayor Bowser broke ground on the Ward 1 Short-Term Family Housing, the final building in the Mayor’s plan to replace the DC General Family Shelter with dignified, service-enriched programs across DC. Programs in Wards 4, 7, and 8 opened in Fall 2018, programs in Wards
Mercy Housing

MAYOR LONDON BREED, SUPERVISOR CATHERINE STEFANI, AND COMMUNITY LEADERS CELEBRATE THE REOPENING OF AFFORDABLE...

Mayor London N. Breed, Supervisor Catherine Stefani, and community leaders today celebrated the rehabilitation and grand reopening of two former public housing properties serving seniors and people with disabilities in the lower Pacific Heights neighborhood
NeighborWorks America

NeighborWorks America convenes major training for community leaders

As people across the country struggle to address critical needs like housing and employment, collaboration is key to achieving solid results. Identifying 'change agents' in a region who lead others to a better situation is critical. Residents know best what's working and what's not in their neighborhoods, and often have the local knowledge and insight to solve problems effectively.

Atlanta REALTORS® Releases April 2018 Statistics on Housing Market

Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its March 2018 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.
MBA

April New Home Purchase Mortgage Applications Increased 7.5 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for April 2018 shows mortgage applications for new home purchases increased 7.5 percent compared to April 2017. Compared to March 2018, applications decreased by 5 percent. This change does not include any adjustment for typical seasonal patterns.
Ginnie Mae

Ginnie Mae MBS Outstanding Increases to $1.942 Trillion

Ginnie Mae today announced that issuance of its mortgage back securities (MBS) totaled $30.31 billion in March. A breakdown of March’s issuance includes $28.659 billion of Ginnie Mae II MBS and $1.651 billion of Ginnie Mae I MBS, which includes $1.412 billion of loans for multifamily housing.
NeighborWorks America

More than one-third of middle-income adults lack emergency savings; renters and low-income consumers are...

The rainy day fund for many middle- and low-income households is empty, according to the fifth annual NeighborWorks America consumer finance survey. The poll found that 38 percent of all households with incomes below $75,000 have no money saved for an emergency, and 59 percent of those with incomes below $20,000 are without any emergency cash reserves.

Indianapolis’ Sandorf Park Chosen for 2018 Parks Build Community Project

The National Recreation and Park Association (NRPA), Indy Parks and the Indianapolis Parks Foundation are proud to announce that Sandorf Park has been chosen for NRPA’s 2018 Parks Build Community project.
Capital Impact Partners

Washington D.C. Mayor Names Capital Impact Partners To Help Manage New Affordable Housing Preservation...

Institutions (CDFIs), will manage the District’s newly created $10 million Affordable Housing Preservation Fund. The Mayor’s Housing Preservation Strike Force recommended the creation of this Fund, located within the Department of Housing and Community Development (DHCD), to increase the preservation of affordable housing in the District.
Congresswoman Eleanor Holmes Norton

Norton Wants Full House to Vote on Her Amendments to Apply Republican Local Control...

The office of Congresswoman Eleanor Holmes Norton (D-DC) today announced that the House Rules Committee is scheduled to consider amendments to the fiscal year 2018 District of Columbia Appropriations bill, including Norton’s amendments to strike all four anti-home-rule riders from the bill, during a markup tomorrow, Wednesday, September 6, 2017, in H-312 (U.S. Capitol).
DCHFA

DCHFA Closes First HPAP Loan for Home Purchase Assistance

June is National Homeownership Month and the District of Columbia Housing Finance Agency (DCHFA) is announcing its first closing of the Home Purchase Assistance Program (HPAP). On June 12, Leonidas Saturria Rosario and Lurden Martinez de Saturria became homeowners with the assistance of the HPAP program. “We are happy and satisfied that our prayers of being homeowners have been answered. We are not priced out of the market and can afford to stay in D.C. thanks to HPAP.”

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

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.

Recent Gov & Nonprofit Real Estate Press Releases

AGC

NONRESIDENTIAL CONSTRUCTION SPENDING FALLS AGAIN IN JUNE, DRIVEN BY BIG DROP...

Construction Officials Call for Swift Passage of the Bipartisan Infrastructure Bill, Noting the Measure Will Help Offset Continued Declines in Nonresidential Construction Activity and Create Sector Jobs