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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. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 458
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Florida theme parks creating more housing for employees

Housing Wire

But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.

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Veev raises $400M to scale tech-enabled homebuilding

Housing Wire

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. Through this building process, Veev says it can build homes up to four times faster than standard construction industry standards, which in turn can bring down costs significantly.

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Bipartisan lawmaker group introduces new affordable housing bill

Housing Wire

Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. The bill has been introduced in both chambers and seeks to expand the low-income housing tax credit.

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Raising interest rates is designed to tackle those still-high prices outside of the volatile food and energy sectors. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. Indeed, Sturtevant highlighted the resilience of the housing market in the face of rising interest rates.

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Three yards and a cloud of dust

Housing Wire

CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Another development in the focus on first-time homebuyers is CFPB’s recent announcement that it was going after junk fees and other non-competitive practices in the mortgage loan process.

Sellers 289
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With low inventory, house hunters are in full safari mode

Housing Wire

The Leading Indicator of Remodeling Activity, or LIRA, a measure developed by Joint Center for Housing Studies at Harvard University , seems to support Mohan’s assessment, showing that year over year “expenditures for home improvements and maintenance will post a modest decline of 2.8%

Inventory 455