Regional science

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.

DHA, Housing Solutions for North Texas Has Approved More Than 1,000 Dallas Families for the Emergency Rental Assistance Program

Monday, July 19, 2021 - 3:37pm

DHA, Housing Solutions for North Texas (DHA) announced today in the first six weeks of the initiative the agency has approved more than 1,000 eligible Dallas families for assistance through the Emergency Rental Assistance Program, which equates to a commitment of over $7.3 million in rent payments.

Key Points: 
  • DHA, Housing Solutions for North Texas (DHA) announced today in the first six weeks of the initiative the agency has approved more than 1,000 eligible Dallas families for assistance through the Emergency Rental Assistance Program, which equates to a commitment of over $7.3 million in rent payments.
  • Through the program, DHA is able to provide up to 12 months of rent assistance to applicants and landlords.
  • Applicants should have a housing income at or below 80 percent of the median income for the City of Dallas.
  • For more information and to apply, visit: https://dallasrentrelief.com/
    DHA, Housing Solutions for North Texas provides quality, affordable housing to low-income families and individuals through the effective and efficient administration of housing assistance programs.

Wunderflats Receives $21 Million in Growth Funding to Make It Easier for People to Access Housing in Europe

Monday, July 19, 2021 - 8:00am

We strive to build the most customer-centric housing company in Europe that enables people to find their new home easily and in a fair manner.

Key Points: 
  • We strive to build the most customer-centric housing company in Europe that enables people to find their new home easily and in a fair manner.
  • With the growth capital, the company announced plans to expand to Europe and to further invest in its product.
  • Housing markets across Europe today face a significant gap in the mid-to-long term rental sector that Wunderflats fills successfully, says Maroje Guertl, Principal at Verdane.
  • Wunderflats connects tenants, property owners and companies with a vision to be Europes most customer-centric housing company where you can simply rent homes online.

PHFA thanks General Assembly, governor and others for significant investment in housing in new state budget for FY 2021-22

Thursday, July 1, 2021 - 12:24am

"We're grateful to the General Assembly and the governor for making these significant investments in housing," said PHFA Executive Director and CEO Robin Wiessmann.

Key Points: 
  • "We're grateful to the General Assembly and the governor for making these significant investments in housing," said PHFA Executive Director and CEO Robin Wiessmann.
  • Our thanks to everyone for making housing a priority in this year's state budget.
  • "Pennsylvania and the nation have seen a growing need for affordable housing over the past decade as housing costs continued to rise.
  • Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state.

Build-for-Rent Investment Firm SVN | SFR Capital Management Expands Into U.S. Single-Family Rental Market

Wednesday, June 30, 2021 - 1:00pm

As U.S. consumer demand and investment interest in rental housing increases dramatically, SVN | SFR Capital Management (SVN | SFR) today announced the launch of its commercial real estate (CRE) investment firm dedicated to the growing Build-for-Rent (BFR) rental home asset class.

Key Points: 
  • As U.S. consumer demand and investment interest in rental housing increases dramatically, SVN | SFR Capital Management (SVN | SFR) today announced the launch of its commercial real estate (CRE) investment firm dedicated to the growing Build-for-Rent (BFR) rental home asset class.
  • With its industry depth, investable inventory, and relationships with developers, homebuilders and institutional investors, SVN | SFR targets opportunistic investment portfolios to aggregate 35,000 newly-constructed homes located in dedicated Build-for-Rent communities.
  • Weve targeted top performing markets for investment in affordable rental housing and will complete our plan to provide consumers with access to better housing solutions, said Jeff Cline, CEO of SVN | SFR Capital Management.
  • SVN | SFR Capital Management, (SVN | SFR), based in New York City, NY, is a private, commercial real estate investment firm dedicated to investment in the Build-for-Rent (BFR) asset class across the United States.

CMHA announces record-setting $134 million effort to provide more affordable housing opportunities for Columbus-area elderly, people with disabilities and low-income households

Tuesday, June 29, 2021 - 6:21pm

To qualify, households must meet income requirements set by the U.S. Department of Housing and Urban Development (HUD).

Key Points: 
  • To qualify, households must meet income requirements set by the U.S. Department of Housing and Urban Development (HUD).
  • In total, over the life of the 20-year PBV contracts, CMHA will provide the six recipients approximately $134 million in federal funding to commit to offering more affordable housing in Greater Columbus.
  • About CMHA: CMHA helps people access affordable housing through collaborative partnerships, promote neighborhood revitalization and assist residents in accessing needed social services.
  • Half of the authority's apartments are set aside as workforce housing for families earning 80% of the area median income.

Redfin Reports Homebuying Demand Slipped Below 2020 Levels for the First Time This Year

Friday, June 25, 2021 - 6:00pm

"Some homebuyers are pausing or abandoning their plans to buy because homes in their area have gotten too expensive," said Redfin Chief Economist Daryl Fairweather.

Key Points: 
  • "Some homebuyers are pausing or abandoning their plans to buy because homes in their area have gotten too expensive," said Redfin Chief Economist Daryl Fairweather.
  • As the housing market cools slightly, we may see more homeowners finally decide to cash out and move.
  • Key housing market takeaways for 400+ U.S. metro areas:
    Unless otherwise noted, this data covers the four-week period ending June 20.
  • Other other leading indicators of homebuying activity:
    Mortgage purchase applications increased 1% week over week (seasonally adjusted) during the week ending June 18.

Property Inspect Automates HUD's Housing Quality Standards (HQS) Reporting Processes for US Municipalities

Friday, June 18, 2021 - 4:00pm

The Choice affordable Housing Act Bill aims to streamline some of the processes including inspections, making it more desirable for landlords to enter the program.

Key Points: 
  • The Choice affordable Housing Act Bill aims to streamline some of the processes including inspections, making it more desirable for landlords to enter the program.
  • For the Housing Choice Voucher program, HUD requires the housing quality standards (HQS) inspection to be performed for all properties and units.
  • Property Inspect has enabled Arlington to drive these efficiencies by utilising their inspection app and custom templates designed around the HUD process.
  • Working with an increasing number of municipalities across the US; Property Inspect will help you to improve and streamline your property reporting processes.

ResMan Extends Affordable Housing Capabilities to Support Rural Housing; Rounds Out Industry-Leading Affordable Housing Property Management SaaS Solution

Tuesday, June 8, 2021 - 4:35pm

PLANO, Texas, June 8, 2021 /PRNewswire-PRWeb/ -- ResMan, a leading property management SaaS platform provider, today announces the addition of Rural Housing compliance capabilities, broadening ResMan's innovative affordable housing solution to include support for HUD, Tax Credit and now Rural Housing properties.

Key Points: 
  • PLANO, Texas, June 8, 2021 /PRNewswire-PRWeb/ -- ResMan, a leading property management SaaS platform provider, today announces the addition of Rural Housing compliance capabilities, broadening ResMan's innovative affordable housing solution to include support for HUD, Tax Credit and now Rural Housing properties.
  • With these new capabilities, property managers can manage all of their Rural Housing eligibility, certification and monthly reporting within the ResMan platform, which meets all of the USDA's requirements and connects directly with Management Interactive Network Connection (MINC) to deliver compliance reports.
  • With ResMan's addition of Rural Housing capabilities, a broader set of affordable property management companies can benefit from our industry-leading Compliance Center dashboard and automation as well as the breadth of leasing, accounting, maintenance and communication capabilities that make up our complete property management platform."
  • ResMan will also be hosting a webinar, "ResMan's Mid-Year Affordable Housing Market Update - Trending Industry Topics and Our New Rural Housing Capabilities," on July 13 at 2pm CT. Register here .

Greystone’s Latest Insights Magazine is Released: Mid-Year 2021 Outlook

Monday, June 7, 2021 - 3:20pm

NEW YORK, June 07, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, today launched its latest issue of Greystone Insights: Mid-Year Update 2021 , an exclusive magazine that delves into the top trends shaping the multifamily market in 2021.

Key Points: 
  • NEW YORK, June 07, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, today launched its latest issue of Greystone Insights: Mid-Year Update 2021 , an exclusive magazine that delves into the top trends shaping the multifamily market in 2021.
  • A look at the timeline for the countrys ongoing national eviction moratorium keeps readers up-to-date on the rules and restrictions enacted throughout the COVID-19 pandemic.
  • In its feature on affordable housing, Greystone highlights Fannie Maes efforts to promote Naturally Occurring Affordable Housing (NOAH).
  • Click here to download the June 2021 issue of Greystone Insights.