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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 417
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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. It also has a niche in construction and manufactured home loan programs. residential mortgage market and housing-related assets.

Lending 335
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US housing market is short 5.5 million homes, NAR says

Housing Wire

According to the lobbying group, construction of long-term housing fell 5.5 The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

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 My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.

Inventory 381
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How fix’n’flip loans could help expand housing inventory

Housing Wire

“The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Inventory 330
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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

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. DOE should delay its effective date, while it works with HUD to develop more balanced standards.

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Biden’s plan to fix housing supply depends on Congress

Housing Wire

One measure would expand existing federal subsidies for multifamily housing development. Another would hand out federal tax credits for developing or rehabbing homes for owner-occupants instead of large investors, making available 125,000 homes for low- and middle-income homebuyers.