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White House, HUD announce $5.5B in housing and community development grants

Housing Wire

Department of Housing and Urban Development (HUD) and the White House announced $5.5 The funding is designed to address a series of local needs including affordable housing , homelessness assistance and community development. billion will be distributed through the Community Development Block Grant (CDBG) program to 1,254 recipients.

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Opinion: tools for landlords to help low-income tenants

Housing Wire

Landlords who refuse to participate cite several reasons, including what they regard as undue regulatory burdens and concerns about tenant “quality.” PHAs – which landlords believe should side with them more often in landlord-tenant disputes. PHAs – which landlords believe should side with them more often in landlord-tenant disputes.

Landlords 375
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Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.

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HUD issues Fair Housing Act guidance on AI use

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to the use of generative artificial intelligence (AI) in the realm of housing.

Tenants 343
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HUD proposes 30-day notice rule for public housing rent nonpayment

Housing Wire

Department of Housing and Urban Development (HUD) on Friday published a proposal that would require public housing agencies (PHA) to provide 30 days’ notice before filing an eviction notice in court for nonpayment of rent.

Tenants 453
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Rural America is losing affordable housing at a crisis pace

Housing Wire

After those government-supported mortgages terminate due to maturity or prepayment, the owners can, and many do, convert their multifamily properties to market-rate rents, or sell them to new owners that are not committed to providing housing that is affordable to struggling low-income rural tenants.

Tenants 469
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Built-to-rent construction gains momentum amid affordable housing shortage 

Housing Wire

In the city of Paso Robles, California , for instance, where the median home price hovers around $700,000, real estate developer STG Capital Partners is building 200 two- and three-bedroom rental duplexes, with monthly asking rents ranging from $3,000 to $3,700, the Journal reported. Meanwhile, investors are flocking to the BTR sector.