Apply Online
Schedule a Call

Affordable housing

Los Angeles ‘mansion tax’ fuels record affordable housing funding

Affordability, Affordable housing, California, Homeownership, Housing Market, HWmember, Los Angeles, Luxury Real Estate, Real Estate, Tax /

Los Angeles will make $387 million available for affordable housing projects — reportedly the largest single funding round in the city housing department history. Applications for the funds opened Sept. 5 and close Oct. 20. Eligible applicants include nonprofit and for-profit developers, community land trusts, limited equity housing cooperatives, public entities and other organizations, the […]

Los Angeles ‘mansion tax’ fuels record affordable housing funding Read More »

New bill aims to ‘unlock’ affordable housing funding

Affordability, Affordable housing, Congress, Housing Inventory, Housing Market, HWmember, Multifamily Housing, Politics, Real Estate /

U.S. Reps. Sam Liccardo, D-Calif., and Mike Flood, R-Neb., introduced legislation Tuesday aimed at making it easier for cities to use federal money to build affordable housing. The Unleashing Needed Local Options to Construct and Keep Housing (UNLOCK) Act would loosen restrictions on how municipalities spend Community Development Block Grant (CDBG) funds. Efforts stem from

New bill aims to ‘unlock’ affordable housing funding Read More »

U.S. homeownership falls for first time since 2016

Affordable housing, Housing Inventory, Housing markets, LOAN PRODUCTS, Originations /

For the first time since 2016, the number of American households who are homeowners declined on an annual basis, in another signpost that high home prices and elevated interest rates are taking people out of the market, a Redfin study of U.S. Census data found. The study estimated about 86.2 million Americans own their home,

U.S. homeownership falls for first time since 2016 Read More »

Trump weighs declaring national housing emergency, Bessent says

Affordable housing, Housing affordability, Politics and policy /

Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters. “We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told

Trump weighs declaring national housing emergency, Bessent says Read More »

Modular and container homes: The good and bad for lenders

Affordable housing, Housing affordability, Housing Inventory /

The evolving housing market has brought modular and container homes to the forefront as innovative solutions to various challenges. With their unique features, these housing types offer promising opportunities and come with notable risks. For lenders, understanding both the good and bad of modular and container homes in the housing market is important for future

Modular and container homes: The good and bad for lenders Read More »

LISC appoints Valerie White to lead national housing strategy

Affordable housing, Housing Market, Housing Policy, HWmember, Investors, Multifamily, Multifamily Housing, New York, People Movers, Team Leaders /

The Local Initiatives Support Corp. (LISC) has appointed Valerie White to lead its national housing team — expanding her role beyond her current position as senior executive director of LISC New York. White will oversee the organization’s national housing investments — which total $30.4 billion to date — with a focus on expanding access to

LISC appoints Valerie White to lead national housing strategy Read More »

Pittsburgh, Cleveland top global metro affordability list

Affordable housing, Cleveland, Existing home sales, Home Price Appreciation, Home Sales, Housing Inventory, Housing Market, HWmember, Ohio, Pennsylvania, Pittsburgh, Real Estate /

Pittsburgh and Cleveland rank as the world’s most affordable major housing markets, but a new report finds that not a single metro area among 95 studied actually qualifies as affordable. The annual Demographia International Housing Affordability report — released by Chapman University — measured affordability by dividing median home prices by median household incomes. Pittsburgh

Pittsburgh, Cleveland top global metro affordability list Read More »

Greystone’s $103M affordable housing fund to support rental units in six states

Affordable housing, Greystone, Homebuilders, Housing Inventory, Housing Market, HWmember, Institutional investors, Investor, NAHB /

New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone Affordable Housing Fund I LP — will support a total of 11 developments in Louisiana, Massachusetts, Mississippi, New Jersey, Ohio and Pennsylvania. In total, the

Greystone’s $103M affordable housing fund to support rental units in six states Read More »

California affordable housing programs face new legal challenge

Affordability, Affordable housing, California, Housing Inventory, HWmember, Lawsuit, Real Estate /

Hundreds of affordable housing programs across California may be in legal jeopardy after a new federal lawsuit challenged the constitutionality of one of the state’s most widely used housing tools. The suit — filed Thursday in federal court in San Francisco and first reported by CalMatters — targets East Palo Alto, California’s “inclusionary zoning” ordinance.

California affordable housing programs face new legal challenge Read More »

Fresh tariffs from Trump target homebuilding costs

Affordable housing, Housing Inventory, REALTORS & HOMEBUILDERS, Tariffs /

The impact on housing of President Trump’s latest set of tariff announcements, including a 35% levy on goods from Canada not covered under the U.S.-Mexico-Canada Agreement, is either mildly disruptive or significant, depending on who you ask. This comes from a series of executive orders signed by the President on July 31. A particular change

Fresh tariffs from Trump target homebuilding costs Read More »