Affordable housing

Freddie Mac Names Jerry Mauricio Senior Vice President and Chief Compliance Officer

Thursday, July 22, 2021 - 7:00pm

MCLEAN, Va., July 22, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Jerry Mauricio will serve as the companys senior vice president and chief compliance officer (CCO).

Key Points: 
  • MCLEAN, Va., July 22, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Jerry Mauricio will serve as the companys senior vice president and chief compliance officer (CCO).
  • Jerrys proven compliance and management expertise in both global and domestic financial services companies makes him an outstanding choice to be Freddie Macs chief compliance officer, said Michael DeVito, CEO of Freddie Mac.
  • As chief compliance officer, Mauricio will oversee and lead Freddie Macs compliance risk management program for the companys regulatory and conservatorship obligations.
  • Prior to joining Freddie Mac, Mauricio served as CCO and senior vice president of Capital One Investing, LLC and Capital One Advisors, LLC.

New York Life’s Impact Investment Initiative Commits $50 million to IMPACT Community Capital in support of affordable housing preservation

Thursday, July 22, 2021 - 2:00pm

New York Life, Americas largest1 and most admired2 mutual life insurer, today announced a $50 million investment to support the preservation of affordable housing rental properties throughout the United States via an equity investment with IMPACT Community Capital.

Key Points: 
  • New York Life, Americas largest1 and most admired2 mutual life insurer, today announced a $50 million investment to support the preservation of affordable housing rental properties throughout the United States via an equity investment with IMPACT Community Capital.
  • This is the latest investment by New York Lifes $1 billion impact investment initiative announced in April 2021.
  • The investment with IMPACT Community Capital will provide short-term bridge loans to borrowers and owners of affordable housing seeking to preserve the properties affordability status.
  • This investment with IMPACT Community Capital follows New York Lifes initial impact investment initiative commitment of $150 million to Fairview Capital in support of diverse and emerging fund managers and hundreds of small businesses.

Freddie Mac Prices Approximately $772 Million SLST Securitization

Wednesday, July 21, 2021 - 9:30pm

MCLEAN, Va., July 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2021a securitization of approximately $772 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs).

Key Points: 
  • MCLEAN, Va., July 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2021a securitization of approximately $772 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs).
  • Freddie Mac SLST Series 2021-2 includes approximately $687 million in guaranteed senior certificates and approximately $85 million in non-guaranteed subordinate certificates.
  • Additional information about the companys seasoned loan offerings can be found at:
    This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Travelers Haven Introduces Workforce Housing-On-Demand, Solving the Temporary Housing Gap

Wednesday, July 21, 2021 - 1:05pm

DENVER, July 21, 2021 /PRNewswire/ -- Travelers Haven today announced a new category of housing solutions, Workforce Housing-On-Demand, to eliminate a critical workforce housing gap - providing nomadic workers in specialized industries such as construction, healthcare, and consulting with an easier, more flexible way to secure short-term housing that feels like home.

Key Points: 
  • DENVER, July 21, 2021 /PRNewswire/ -- Travelers Haven today announced a new category of housing solutions, Workforce Housing-On-Demand, to eliminate a critical workforce housing gap - providing nomadic workers in specialized industries such as construction, healthcare, and consulting with an easier, more flexible way to secure short-term housing that feels like home.
  • All of the set up, tear down, billing and any other loose ends that might come up gets taken care of by Travelers Haven.
  • "We are eliminating this workforce housing gap to allow these nomadic specialists to do what's most important: their jobs."
  • Travelers Haven offers unparalleled support and a complete suite of tools and features to inform and optimize every housing program.

Silvernest and Open Up Collaborate on Homesharing Initiative Designed to Create More Affordable Rental Housing Options in Denver

Wednesday, July 21, 2021 - 12:25pm

DENVER, July 21, 2021 /PRNewswire-PRWeb/ -- Silvernest and Open Up are joining forces on a homesharing program that aims to bring more affordable housing options to those living in the Metro Denver area.

Key Points: 
  • DENVER, July 21, 2021 /PRNewswire-PRWeb/ -- Silvernest and Open Up are joining forces on a homesharing program that aims to bring more affordable housing options to those living in the Metro Denver area.
  • Through Open Up's homesharing program , renters benefit by gaining access to housing options that are typically below market rent rates, saving an average of $659 a month.
  • "Together with Silvernest, we are demystifying homesharing in Colorado with an easy-to-use and simple process for finding a great housing match.
  • By tapping into Silvernest's all-in-one homesharing platform, Open Up is able to make its process as simple and straightforward as possible.

Habitat for Humanity's ShelterTech accelerator ends with bold vision for affordable housing

Wednesday, July 21, 2021 - 4:00am
Key Points: 
  • Launched in 2017 with accelerator programs in Mexico, India and Kenya, ShelterTech has grown into a global platform connecting ideas, products and services in affordable housing, with a special focus on solutions that work in a COVID-19 context.
  • ShelterTech aims to make affordable housing a top impact investment category.
  • During the pitches, the startups recounted their growth journey since joining ShelterTech and their plans to bring affordable housing products and services to millions of low-income families in the region.
  • ShelterTech is a global innovation platform advancing entrepreneurial housing solutions that radically improve the lives of low-income families.

Freddie Mac Prices $869 Million Multifamily K-Deal, K-F117

Tuesday, July 20, 2021 - 10:17pm

MCLEAN, Va., July 20, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $869 million in K Certificates (K-F117 Certificates) are expected to settle on or about July 29, 2021. The K-F117 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are SOFR-based.

Key Points: 
  • The K-F117 Certificates are backed by corresponding classes issued by the FREMF 2021-KF117 Mortgage Trust (KF117 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Housing group secures changes to accessory dwelling unit policies in the City of Oakland

Tuesday, July 20, 2021 - 5:32pm

that aims to address California's housing crisis through legal tools, today announced that it has obtained significant changes to policies in the City of Oakland that previously limited the development of accessory dwelling units (ADUs).

Key Points: 
  • that aims to address California's housing crisis through legal tools, today announced that it has obtained significant changes to policies in the City of Oakland that previously limited the development of accessory dwelling units (ADUs).
  • "Accessory dwelling units are critical for addressing California's affordable housing crisis," said C.A.R.
  • To address the housing crisis, California needs to build homes quicker and at a lower cost than traditional ground-up construction allows.
  • "But it is critical that cities understand that we can and will sue them if they violate state housing law.

Shared Housing is an Answer to the Nationwide Crisis of Affordable Housing

Tuesday, July 20, 2021 - 3:10pm

DUMMERSTON, Vt., July 20, 2021 /PRNewswire/ --Sharing Housing, Inc., a Vermont-based nonprofit whose mission is to develop shared housing in communities through education and advocacy, today releases two online courses to encourage shared housing as an answer to the twin crises of affordable housing and social isolation.

Key Points: 
  • DUMMERSTON, Vt., July 20, 2021 /PRNewswire/ --Sharing Housing, Inc., a Vermont-based nonprofit whose mission is to develop shared housing in communities through education and advocacy, today releases two online courses to encourage shared housing as an answer to the twin crises of affordable housing and social isolation.
  • Annamarie Pluhar, founder and president of Sharing Housing, Inc., says "The U.S. crisis in affordable housing can be addressed in part by shared housing.
  • The two courses released today are 5 Key Benefits of Shared Housing and Sharing Housing 101 .
  • Sharing Housing, Inc. is a 501(c)(3) organization dedicated to promoting shared housing through advocacy and education, aiming to change the cultural assumption that shared housing is a "less than" solution through working with organizations, housing professionals, the aging network, and local officials seeking innovative models.

Long Beach Mayor Robert Garcia Joins Linc Housing and the Community to Celebrate the Completion of 95 New Affordable and Supportive Homes at Spark at Midtown

Monday, July 19, 2021 - 11:45pm

"Our efforts to address and expand affordable housing opportunities across all parts of Long Beach continue to be successful," said Mayor Garcia.

Key Points: 
  • "Our efforts to address and expand affordable housing opportunities across all parts of Long Beach continue to be successful," said Mayor Garcia.
  • "This development will provide affordable homes, address housing insecurity and help ignite the revitalization of the Long Beach Boulevard corridor."
  • Spark at Midtown, located at 1900 Long Beach Blvd., is one of the first developments under Long Beach's Midtown Specific Plan.
  • It's housing, supportive services, and community revitalization - all at the same time," said Suny Lay Chang, Linc president and COO.