article thumbnail

HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. A senior HUD official said that updating its 203K program to make it more usable is a “high priority.”

article thumbnail

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! Landlords look to property management to delegate the many responsibilities that come with owning rental properties, and she has been a critical component in facilitating that. Angela Ravesi. She is a proven leader!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don’t let COVID crisis mask affordable housing opportunity

Housing Wire

Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions. Across the country, local zoning ordinances have consistently been designed to inhibit the development of medium and high density-housing. Finally, we need to renovate our existing housing stock.

article thumbnail

Opinion: Who decides what American neighborhoods look like?

Housing Wire

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like? And who profits from these projects?

article thumbnail

Rental Property Management Tips: Renewal Incentives Tenants Actually Want

McKissock

The cost of advertising, showing the property, screening potential tenants and more eats into landlords’ profits, especially as the property sits vacant. “I Ford, a landlord in northern Virginia. I will keep a less-than-ideal tenant to avoid the hassle of finding a new one, while my property sits empty—not making me money.

article thumbnail

Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.

article thumbnail

Yield on Cost: A Beginner’s Guide

Property Metrics

The yield on cost is a commonly used metric when evaluating real estate development and value-add projects. The yield on cost is widely used by commercial real estate professionals to measure the return on a real estate development or value add project. First, we’ll discuss how to calculate the yield on cost for a development project.