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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. Portions of the bill have been enacted over the years, but it has not made it into law in a comprehensive fashion.

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Appraisal modernization: The times they are a-changin’

Clear Capital

Unfortunately, several myths and misconceptions around appraisal modernization persist, resulting in many within our field being unable to move forward and embrace needed change. . A primary example of one of these mistaken beliefs is that modernization efforts will diminish an appraiser’s importance.

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CFPB ponders how well HMDA captures discrimination

Housing Wire

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The HMDA data is a crucial tool for the CFPB in constructing redlining cases.

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What’s Happening With the Nation’s Housing Inventory?

McKissock

Need for New Construction. Those who can wait for construction may find the idea of building their own home the way they want quite attractive. Construction Workforce Concerns. Unfortunately, there is also a lack of workers in the construction industry. However, construction companies still need to make profits.

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Can I Take Out a Loan to Remodel My Home?

Assurance Financial

Remodeling your home can give it a new lease on life and make it look more modern. Maybe your in-laws are moving in, and you want to create a separate suite for them. Construction Loan. Although the application process is similar, a construction loan is slightly different from a mortgage. Fannie Mae HomeStyle Loan.

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Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. built in 1825 Excerpts: 8 bedrooms, 5.5+

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Washington ADU Laws Aim to Open New Doors to Housing

Will Springer Realtor

Many Washingtonians may be in for a surprise on the real estate front when new laws take effect county by county that will greatly expand the use of accessory dwelling units – or ADUs – on parcels of land once exclusive to single-family homes. Even our climate should benefit. For context, 43K homes were added in the state in 2021.)

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