At the request of the HUD Office of Multifamily Housing Programs, OIG assessed Multifamily’s efforts to determine the impact its affordable housing programs had on preserving affordable housing via tenant outreach and advocacy activities to revitalize communities.
Fed officials stay cautious in shifting market From mortgages to marijuana: This company’s officially gone to pot Franchising has now officially gone to pot. A marijuana hydroponics franchisor, weGrow, opened its first franchise Wednesday. It anticipates its new 21,000 square foot retail franchise will sell products to an estimated 100,000 medical marijuana growers who reside in the Phoenix area.KBRA rates third Invitation Homes single-family 2014-SFR2 This transaction is the fourth securitization issued by Invitation Homes overall and the third securitization in 2014.KBRA has assigned preliminary ratings to thirty-seven classes of mortgage pass-through certificates from Sequoia Mortgage Trust; this is a jumbo prime RMBS transaction. The collateral pool backing semt 2014-4 consists of 479.
HUD-Sponsored Senior Housing Programs. The first wave of baby boomers-those born between 1946 and 1964-made it to age 65 in 2011. Now a person turns 65 every 10 seconds. By 2030, the number of persons 65 and older will reach 71.5 million.
HUD has made awards to 60,000 public and assisted housing units in more than 340 different projects across the country. Through these awards, housing authorities have proposed to generate approximately $3 billion in capital repairs by leveraging private debt and equity, which will preserve or replace distressed units and support local jobs in their communities – all without additional federal resources.
Community Strategies to Preserve Affordable Housing. Rachelle Levitt, Director of PD&R’s Research Utilization Division. Each year, the United States loses more than a half-million affordable homes due to expiring affordability restrictions, improvements that allow owners to increase rents, or deteriorating physical conditions. The loss of affordable homes can contribute to a shortage of homes for low-income renters.
Judge signs $25 billion foreclosure settlement Student debt: Housing’s biggest roadblock? Student Loan Hero, Inc. is helping 200,000+ borrowers manage and eliminate over $3.5 billion dollars in student loan debt. We’re on a mission to help 44 million Americans manage their student loans smarter.Some of the loans that Citi failed to report included mortgages that defaulted when their first payment was due and had other signs. billion under last week’s roughly $25 billion U.S. settlement.
Preserving, Protecting, and Expanding Affordable Housing: Introduction 5| changelabsolutions.org When low-income renters have access to a wide array of housing options, they have greater freedom and flexibility to make the best decisions for their families. If renters must move, access to affordable rental housing throughout a city or