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Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Both properties sold to owner-occupant buyers for under $150,000 apiece. “I Local Community Developers. Affordably Priced Homes.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

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Todman on HUD’s steps to increase supply, review rules and get the money ’out the door’   

Housing Wire

Department of Housing and Urban Development (HUD) is focusing on launching initiatives to increase home supply, review existing rules in and ensure the agency is “getting the money out the door.“ “In Before joining HUD, Todman was the CEO of the National Association of Housing and Redevelopment Officials (NAHRO) from 2017 to June 2021.

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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

The average income of a manufactured housing homebuyer is around $50,000, while the average income of a buyer of a site-built home is over $100,000. These standards were not developed with any real input from HUD, which has exclusive statutory authority for manufactured home construction and safety standards nationwide, through the HUD Code.

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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

But once these qualities are developed, many appraisers find eminent domain work to be interesting, challenging but worthwhile, and financially rewarding. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

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FHA Commissioner Julia Gordon gets to work

Housing Wire

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Gordon also said that the FHA could provide expanded access to the program for nonprofit affordable-housing and community development groups. Twitter woes.

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A Solution For Fix-and-Flip Investors Facing Today's Tightening Housing Supply

Patch of Land

Patch of Land's CMO, Robert Greenberg, is a member of the Forbes Real Estate Council and recently shared his thoughts on new development opportunities for Fix and Flip investors. See what Robert has to say on why real estate investors are starting to look at new construction as an alternative to renovating properties.