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Amazon announces housing affordability pilot program with National Housing Trust

Housing Wire

Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. million into the Nashville area to build and renovate 130 affordable homes, bringing its then-total investment into that community to roughly $100 million.

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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. Over the past couple of years, the U.S. Reverse mortgage companies have also invested in their own home modification programs.

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FHA institutes new payment supplement partial claim

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. The letter states that the option will be implemented starting May 1, 2024, but will be mandatory on Jan.

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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. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

Finance 461
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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 336
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10 ways to use virtual reality technology in your real estate business

Housing Wire

Real estate agents can utilize VR to create interactive and engaging platforms that allow buyers to navigate properties virtually, gaining a comprehensive understanding of their layout, design and spatial qualities. Enables agents to showcase various interior design styles to cater to the preferences of diverse potential buyers.

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Angela Ravesi Promoted to Manager of Lamacchia Development and Property Management

Lamacchia Realty

The Lamacchia Development and Property Management team is pleased to promote Angela Ravesi to Manager of LD and LPM! Angela Ravesi became a REALTOR® at Lamacchia in April 2018 and in May 2019, she transitioned to the role of executive assistant to Mike McGrory, VP of Property Acquisitions and Development. Angela Ravesi.