article thumbnail

Rental assistance isn’t reaching at-risk tenants

Housing Wire

percent, according to an analysis by the National Low Income Housing Coalition , a national tenant advocacy group. One of the biggest challenges many state and local government programs continue to face in getting assistance to renters and landlords is application processing delays,” the Treasury said in a statement. Overall, $5.1

Tenants 404
article thumbnail

Trade groups oppose rent control on GSE-backed multifamily properties 

Housing Wire

The letter was in response to a request for input issued by the Federal Housing Finance Agency (FHFA) in May regarding protections for tenants in Fannie Mae and Freddie Mac -backed multifamily properties. It followed a Biden administration initiative launched in January urging housing providers and local governments to combat soaring rents.

Tenants 329
Insiders

Sign Up for our Newsletter

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

article thumbnail

Congressional report finds Invitation Homes downplayed evictions to Fannie Mae

Housing Wire

That’s what a congressional subcommittee said happened between Fannie Mae and Invitation Homes , the single-family rental landlord that in 2017 got a $1 billion interest-only 10-year loan from the government-sponsored enterprise. There is little data to track the prevalence of such strategies.

Landlords 356
article thumbnail

Financing proves an obstacle for ADUs

Housing Wire

That’s the problem revealed by a report this month published by the University of Southern California Lusk Center for Real Estate and the Terner Center for Housing Innovation at University of California Berkeley. State and local governments – and now Washington – frame ADUs as a prime vehicle to address a U.S.

Finance 368
article thumbnail

White House, HUD and CFPB detail new actions and priorities to protect renters

Housing Wire

Multiple agencies across the federal government including the U.S. Also on Thursday in conjunction with the announcements, the CFPB released a blog post describing how “federal housing agencies strongly encourage landlords to provide tenants written notice of their rights.” “We

Tenants 285
article thumbnail

RentSpree launches a new rent reporting feature

Housing Wire

In doing so, the government-sponsored enterprise hoped to widen access to homeownership for people with no to little credit history. In October 2022 , JPMorgan Chase launched a platform that automates the invoicing and receipt of online rent payments, serving property owners, managers and tenants. It’s a win-win.”

Tenants 377
article thumbnail

Current Real Estate Industry Trends

D Fritz Appraisals

COVID-19 Halts the Vancouver Island Real Estate Marketplace. At the start of the COVID-19 pandemic, no aspect of the Canadian economy was left untouched and the real estate market felt this acutely with a major slump during March and April. The Vancouver Island Real Estate Market Bounces Back.