When Merete Muenter tells people that she pays $623 a month for her studio in an affordable housing complex in New York City, many assume the worst: a run-down dump in a crime-ridden neighborhood. The reality is that […]
U.S. Rep. Adam Schiff (D-CA) has introduced the Government Facilities to Affordable Housing Conversion Act, a new bill designed to support the conversion of unused and underutilized federal, state, and local government-owned buildings into affordable […]
The Biden administration is planning to change the cap on how much rents can go up in some federally subsidized affordable housing complexes. The Washington Post, citing unnamed “senior administration officials,” reported the yearly rent increases […]
Shortly after the U.S. Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives […]
Tenancy in six studio apartments within an affordable housing development in Manhattan will be decided by a lottery drawing. Hudson Companies and the New York City Department of Housing Preservation and Development announcing the housing […]
A trio of developers – Monadnock Development, CB Emmanuel Realty, and Equity Developers – announced the closing on $256 million in financing for the development of Utica Crescent, a mixed-use affordable housing project in the […]
Freddie Mac on Wednesday announced that company veteran Peter Lillestolen will serve as vice president, production and sales of Targeted Affordable Housing (TAH) at Freddie Mac Multifamily. Lillestolen, a 12-year veteran of the government-sponsored enterprise […]
Rep. Maxine Waters (D-Calif.), the ranking member of the U.S. House of Representatives Financial Services Committee, reintroduced this week three pieces of proposed legislation to bolster affordable housing investments, expand the housing choice voucher program […]
New York Gov. Kathy Hochul has not publicly embraced the proposal. The post Coalition Seeks to Turn NYC Psychiatric Hospital into Affordable Housing appeared first on Weekly Real Estate News.
The Minnesota State House of Representatives and Senate approved sweeping new housing legislation this week totaling $1 billion, which is designed to address affordable housing access and down payment issues for first-time home buyers. Housing […]
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