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Investment property lender Kiavi closes $300M securitization 

Housing Wire

The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. billion in fix-and-flip and bridge loans in the first four months of 2024, a 40% increase over the same period in 2023, and it recently expanded into construction financing. The lender also reported that it originated $1.66

Investing 282
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UWM rolls out construction-to-permanent loans

Housing Wire

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. It is available for investment, primary and second home purchases as well as rate/term refinances.

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Construction tech startup Modulous raises $11.5 million

Housing Wire

Seattle and London-based construction technology company Modulous has raised $11.5 based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.);

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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. The annual investment volume in the U.S.

Finance 365
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Biden’s $1.5 trillion budget calls for big investment in HUD

Housing Wire

Another $800 million would go toward investments in energy efficiency and climate change resilience across HUD’s portfolio of 2.3 The president’s request would send an additional $500 million to a federal block grant program, the HOME Investment Partnerships Program , which creates housing for low-income households.

Investing 516
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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. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price.

Investing 399
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HUD announces $1.1B to fund tribal housing and community development

Housing Wire

“As we commemorate the 50th anniversary of the Indian Community Development Block Grant program, we are investing in the continued health of Tribal communities across our country. billion figure marks a 40% increase in funding over 2023 levels, and it represents “the largest ever funding investment in Indian housing,” according to HUD.