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Streamlining subsidies to build more affordable housing

Housing Wire

Unfortunately, the rising cost of construction forces developers to find more funding sources to complete these projects. As a result of rising construction costs, the Terner Center for Housing Innovation estimates that the average number of loans per project on top of tax credits has doubled in the past two decades from two to four.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

To qualify for the incentive, your mortgage must be greater than 80% of the value of the property subject to a real estate loan premium. These can include: Additional legal fees- Since you will be closing on two mortgages, your fees may increase. What else should you know?

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