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HUD, White House announce new initiatives designed to boost housing supply

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday unveiled a series of new policies that are designed to boost housing supply and affordability across the country, according to HUD and White House officials. HUD has allocated $4.35

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Opinion: More financing options for ADUs are needed

Housing Wire

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

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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. Combined with thousands of other local community developers like her, McCormick’s efforts are moving the needle when it comes to quality, affordable housing for owner-occupants nationwide.

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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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White House announces new housing initiatives to boost homeownership

Housing Wire

The White House on Monday announced a series of new initiatives designed to boost U.S. FHA is considering potential policy changes that could increase the funds available to borrowers to make renovations and repairs,” the announcement said. homeownership, alongside data detailing housing aid that has been provided since 2021.

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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. Over the past couple of years, the U.S. Reverse mortgage companies have also invested in their own home modification programs.

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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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