article thumbnail

Treasury’s new housing plan includes redirected COVID-19 funds to boost affordable supply

Housing Wire

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. The FFB risk-sharing initiative will assist in the construction of “tens of thousands of additional affordable homes” over the next decade, he wrote.

Insurance 467
article thumbnail

Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. For lenders, the market offers the prospect of a new and growing line of business.

Business 444
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

article thumbnail

Treasury Department expands funding options for affordable housing

Housing Wire

Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. billion for affordable-housing development and preservation. Louis , that gap is 29.3

article thumbnail

HPC urges regulators to align nonbank servicer standards

Housing Wire

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more. In October, CSBS made a controversial move to issue a final rule with proposed prudential standards for nonbank mortgage servicers – standards that, if enacted, have some stakeholders, like the Urban Institute , worried.

Design 333
article thumbnail

How a strategic coalition is fighting homelessness in Dallas

Housing Wire

“The real challenge is that [housing] is not an entitlement, and it is not something that the federal government has decided to put sufficient money into — to a level required to make sure housing is assessable to everyone long-term.” they’re all in suburbia; they’re not living in our city,” Brown said.

article thumbnail

With low inventory, house hunters are in full safari mode

Housing Wire

Affordable housing Still, given the housing inventory shortage, relying on new-home construction, fix-and-flippers, foreclosures or longer-term high rates alone is not likely to address the problem in full. A recent report by online home marketplace Zillow estimates that the nation needs 4.3 housing affordability.”

Inventory 462