Affordable Housing in the Next Generation of GSEs
Fannie Mae and Freddie Mac have played a vital role in the affordable housing world, but the government-sponsored enterprises (GSEs) are an endangered species.
Three Demographic Trends That May Not Be True
The apartment industry certainly has demographics on its side.
MICHAEL BERNE, managing director and head of the seniors housing capital markets team at Chicago-based Jones Lange LaSalle , sees one key thing in seniors housing: Demand. Today, there are nearly 37 million people 65 or older in the United States, according to the Census. Fueled by the aging B aby...
WHEN BETHESDA, MD.-BASED EYA was opening its Capitol Quarter mixed-income development in the height of the housing boom, it set up a lottery for the 20 â€œworkforceâ€ homes in the project, those priced for individuals earning between 80 percent and 115 percent of Washington, D.C.'s area median...
More Families Living on Edge
THE NUMBER OF HOUSEHOLDS spending more than half of their incomes on housing jumped to 17.9 million in 2007, a 30 percent hike from 2001, according to the new State of the Nation’s Housing report from Harvard University’s Joint Center for Housing Studies.
BOWLING GREEN, KY.. Some low-income parents trying to further their post-secondary education and become self-sufficient have a new place to call home.
Housing and Economic Recovery Act: Median Incomes and Rent Growth at LIHTC Properties
The impact of the Housing and Economic Recovery Act of 2008 (HERA), as reflected in the 2009 median family incomes (MFI), has brought a welcome reversal to the problem of no rent growth at Sec. 42 low-income housing tax credit (LIHTC) properties, along with a few other benefits for underwriting...
An Army of Homeless
Paul Livingston was just 18 and fresh out of high school in 1979. He and his older brother applied for the same job.
High Number of African-Americans SeekForeclosure Help
African-Americans are the hardest hit by the foreclosure crisis based on who has received foreclosure prevention counseling, reports NeighborWorks America, the administrator of the National Foreclosure Mitigation Counseling (NMFC) program.
Audit Urges Stricter Screening of Sex Offenders
Approximately 2,000 to 3,000 households that included lifetime registered sexual offenders were being subsidized by the Department of Housing and Urban Development (HUD), according to a recent audit report.