Apply Online
Schedule a Call

Affordable housing

Pritzker’s honor: Illinois housing reform fight intensifies

Affordability, Affordable housing, Housing Policy, HWmember, Policy, Residential Real Estate, The Builder's Daily, Zoning /

The fight over Illinois Gov. J.B. Pritzker’s sweeping housing reform agenda is intensifying as both sides harden their positions. Supporters and detractors by the thousands delivered their opening arguments Thursday at the first major hearing on Pritzker’s six-bill package. Pritzker’s BUILD plan seeks to lower costs by making construction easier and faster statewide. It would […]

Pritzker’s honor: Illinois housing reform fight intensifies Read More »

Support grows for Whitmer housing zoning reform bills in Michigan

Affordability, Affordable housing, Housing Policy, HWmember, Policy, The Builder's Daily, Zoning /

Michigan lawmakers returned from spring recess with housing affordability clearly in their sights. A bipartisan group shepherding a package of bills this week picked up strong support from a coalition of housing advocates and business groups, including the Home Builders Association of Michigan. That backing could help pass an initiative Gov. Gretchen Whitmer launched earlier this

Support grows for Whitmer housing zoning reform bills in Michigan Read More »

First closing of principal discount tool gives banks, CUs a lock-in exit

Affordable housing, Housing markets, LOAN PRODUCTS, Mortgage Rates, Mortgages, Servicing /

The first-ever DREAM transaction has closed with owners of a Chicago home receiving a check for over $41,000 to help pay down a portion of the principal on their existing mortgage. Processing Content The funds reduce the amount of principal the borrowers pay, but the note holder still receives the full sum. In turn, this

First closing of principal discount tool gives banks, CUs a lock-in exit Read More »

Virginia governor’s amendments keep Faith in Housing Act in limbo

Affordability, Affordable housing, HWmember, Policy, Politics, The Builder's Daily, Virginia, Zoning /

Virginia Gov. Abigail Spanberger left in limbo legislation that would let faith-based organizations build affordable housing on their land without rezoning. Instead of vetoing or signing the Faith in Housing Act, Spanberger recommended changes. The recommendations keep the bill’s core intact but make targeted operational tweaks. The governor, who has only been in office since

Virginia governor’s amendments keep Faith in Housing Act in limbo Read More »

Sweeping residential zoning reform becomes law in Idaho

Affordability, Affordable housing, HWmember, Policy, The Builder's Daily, Zoning /

Idaho Gov. Brad Little signed into law a sweeping set of housing reforms as lawmakers sought to avoid a piecemeal legislative approach to the state’s housing affordability problem. The legislation gave local governments more power to implement plans on missing middle housing, but took control away in some zoning. Like Sun Belt states, Mountain West

Sweeping residential zoning reform becomes law in Idaho Read More »

Georgia LIHTC credit match stays in place for now

Affordable housing, Georgia, HWmember, Low-Income Housing Tax Credit, Multifamily Housing, Policy, Politics, Property Tax, The Builder's Daily /

Georgia lawmakers left the state’s main construction incentive for affordable housing untouched this year. And they offered no new relief from rising property tax valuations on apartments that rely on the Low-Income Housing Tax Credit (LIHTC) program. Senate Bill 476 served as a centerpiece of a Republican push to finance income tax cuts. The bill

Georgia LIHTC credit match stays in place for now Read More »

Virginia cities gain new tools to increase affordable housing supply

Affordability, Affordable housing, Homebuilders, HWmember, Legislation, Policy, The Builder's Daily, Virginia, Zoning /

For Virginia state Sen. Jeremy McPike, the third attempt was the charm for a bill that lets municipalities rezone to encourage affordable housing. It just took a new governor. Gov. Abigail Spanberger signed into law this week a measure giving every city and county in Virginia the authority to adopt an affordable housing program, marking

Virginia cities gain new tools to increase affordable housing supply Read More »

Virginia YIGBY bill puts Spanberger housing agenda on the line

Affordability, Affordable housing, HWmember, Legislation, Policy, The Builder's Daily, Virginia, Zoning /

Virginia Gov. Abigail Spanberger has until Monday to sign or veto legislation that would make her state one of the few that allow faith-based organizations to build affordable housing on their properties by overriding local zoning limits. Spanberger faces pressure from local governments and a small but vocal group of civic organizations to veto the

Virginia YIGBY bill puts Spanberger housing agenda on the line Read More »

Minimum residential lot size dispute heats up in a Texas county

Affordability, Affordable housing, Homebuilders, Policy, Residential Real Estate, The Builder's Daily, Zoning /

A battle has brewed over residential lot sizes in Texas after Gov. Greg Abbott signed a law last year reducing them in the state’s biggest cities. Since the law didn’t apply statewide, Montgomery County, which abuts Houston, is trying again to increase its lot sizes after doing so last March. County planners say the increase

Minimum residential lot size dispute heats up in a Texas county Read More »

NYC builds taller housing again, as state, city law reset the stage

Affordability, Affordable housing, Architecture, Housing Policy, Policy, The Builder's Daily, Zoning /

New York City is increasing housing density, though much of the early progress stems from state law changes and rezonings that predate Mayor Zohran Mamdani’s administration. Those moves are now starting to show up in steel and concrete, even as Mamdani advances his own housing agenda. The clearest example is in Midtown South. City officials

NYC builds taller housing again, as state, city law reset the stage Read More »