Regional science

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

Retrieved on: 
Friday, June 18, 2021
Public housing in the United States, Affordable housing, United States Department of Housing and Urban Development, Federal assistance in the United States, Section 8, Economy, Regional science, Inspection, Hud

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

Retrieved on: 
Tuesday, June 8, 2021
Affordable housing, Economic inequality, Cision, United States Department of Housing and Urban Development, Economy, Regional science

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

Retrieved on: 
Monday, June 7, 2021
Mortgage industry of the United States, Affordable housing, Economic inequality, Greystone, Fannie Mae, Regional science, Articles, Economy of the United States

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.

CARES Act Emergency Rental Assistance Program Funds Available Through DHA, Housing Solutions for North Texas

Retrieved on: 
Tuesday, June 1, 2021
Public policy, Government, Other Philanthropy, Construction & Property, White House, Federal Government, State, Local, Public policy, Philanthropy, Residential Building & Real Estate, Affordable housing, Public housing in the United States, United States Department of Housing and Urban Development, Regional science, Public housing, Urban renewal, Economic inequality, Section 8, DHA, Housing

DHA, Housing Solutions for North Texas (DHA) announced today that applications for Emergency Rental Assistance are now open at DallasRentRelief.com.

Key Points: 
  • DHA, Housing Solutions for North Texas (DHA) announced today that applications for Emergency Rental Assistance are now open at DallasRentRelief.com.
  • The City of Dallas COVID-19 Emergency Rental Assistance Program (ERAP) is funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act .
  • 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.
  • DHA provides housing opportunities to ~55,000 people through public housing developments and Housing Choice Voucher (Section 8) programs.

Walker & Dunlop Reinforces Affordable Lending Commitment with Addition of Affordable Housing Chief Production Officer

Retrieved on: 
Tuesday, May 11, 2021
Affordable housing, Housing in the United States, Mortgage industry of the United States, Economy of the United States, Regional science, Low-Income Housing Tax Credit, Taxation in the United States, Economy, Fannie Mae, Walker & Dunlop, Tax credit, National Equity Fund, Inc.

b'BETHESDA, Md., May 11, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has hired John Ducey as Affordable Chief Production Officer.

Key Points: 
  • b'BETHESDA, Md., May 11, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has hired John Ducey as Affordable Chief Production Officer.
  • John has extensive experience in the affordable housing sector, balanced between Low-Income Housing Tax Credit (LIHTC) equity investing and affordable lending and will be an invaluable asset as we focus on tax credit equity syndication services over time to supply owners and developers with much-needed LIHTC equity.
  • "\n"Walker & Dunlop is extremely focused on being part of the solution to the affordable housing crisis in the United States through financing safe and affordable apartments across the country," stated Paula Pryor Chief Human Resources Officer.
  • He previously was part of the Multifamily Affordable Housing Credit group at Fannie Mae and utilized his extensive experience structuring and analyzing affordable housing transactions.

National CORE and Linc Housing Begin Work on 456 West, Bringing 91 New Affordable Apartments to Downtown San Pedro

Retrieved on: 
Wednesday, May 5, 2021
Housing in the United States, National Community Renaissance, Affordable housing, Regional science, Articles, Economy, Homelessness in the United States

"This includes building affordable housing, like 456 West, which is one of many developments throughout the City that will help us ensure families have homes they can afford.

Key Points: 
  • "This includes building affordable housing, like 456 West, which is one of many developments throughout the City that will help us ensure families have homes they can afford.
  • "456 West will add even more vibrancy to this dynamic, walkable neighborhood by adding 91 new families who will be supporting San Pedro\'s downtown businesses.
  • Visit http://www.linchousing.org for more information.\nAbout National CORE and Hope through Housing.\nNational Community Renaissance (National CORE) based in Southern California, is one of the nation\'s largest nonprofit developers of affordable housing.
  • For more information on National CORE and Hope through Housing, please visit http://www.nationalcore.org and http://www.hthf.org .\n'

National Housing Trust Fund award to Pa. increases 148% from 2020

Retrieved on: 
Wednesday, April 28, 2021
Affordable housing, Economy of the United States, Housing in the United States, Housing trust fund, Regional science, HTF, Homelessness, Housing association, Economy, Economic geography

b'HARRISBURG, Pa., April 28, 2021 /PRNewswire/ --Pennsylvania will receive $24.1 million in national Housing Trust Fund dollars this year, representing a 148% increase compared with its 2020 funding amount of $9.7 million.

Key Points: 
  • b'HARRISBURG, Pa., April 28, 2021 /PRNewswire/ --Pennsylvania will receive $24.1 million in national Housing Trust Fund dollars this year, representing a 148% increase compared with its 2020 funding amount of $9.7 million.
  • This is according to an announcement by the U.S. Department of Housing and Urban Development, which distributes HTF funding.
  • The 2020 HTF total funding amount, for comparison, was $322.5 million.\nThis year\'s generous funding is extremely welcome as the pandemic has demonstrated the urgent demand for more affordable rental housing.
  • "\nThe national Housing Trust Fund was launched in 2008 as an affordable housing production program to complement existing federal, state, and local efforts to increase and preserve the supply of affordable housing for low- and extremely low-income households, including families experiencing homelessness.

Cornerstone Building Brands Continues Commitment to Combat the Affordable Housing Crisis

Retrieved on: 
Wednesday, April 28, 2021
Other Manufacturing, Construction & Property, Entertainment, Urban planning, Philanthropy, Manufacturing, Celebrity, Fund Raising, Foundation, Residential Building & Real Estate, Affordable housing, Housing crisis, Habitat for Humanity, Regional science, Articles, Economy, Cornerstone Building Brands, Luke Bryan, CORNERSTONE BUILDING BRANDS, LUKE BRYAN

b'With the global pandemic intensifying the affordable housing crisis, Cornerstone Building Brands, Inc. (NYSE: CNR) (the \xe2\x80\x9cCompany\xe2\x80\x9d), the largest manufacturer of exterior building products in North America, announced its Home for Good project will provide $525,000 in product and financial support to Habitat for Humanity International through 2021.

Key Points: 
  • b'With the global pandemic intensifying the affordable housing crisis, Cornerstone Building Brands, Inc. (NYSE: CNR) (the \xe2\x80\x9cCompany\xe2\x80\x9d), the largest manufacturer of exterior building products in North America, announced its Home for Good project will provide $525,000 in product and financial support to Habitat for Humanity International through 2021.
  • \xe2\x80\x9cWe\xe2\x80\x99re looking forward to once again partnering with Luke Bryan to spread the word about the growing affordable housing crisis.\xe2\x80\x9d\nOne in 7 families in the U.S. spends half or more of their income on housing, and the pandemic has exacerbated the plight of families in need of affordable housing.
  • Headquartered in Cary, North Carolina, the organization serves residential and commercial customers across new construction and repair and remodel markets.
  • At Cornerstone Building Brands, corporate stewardship is a responsibility that is deeply embedded in our over 75-year history.

Lument Named a Top Affordable Housing Lender for 2020, Completes More than $3 Billion in Transactions

Retrieved on: 
Thursday, April 22, 2021
Affordable housing, Economic inequality, Regional science, Articles, Economic geography, Housing in the United States, Public housing in the United States, Orix USA, Housing trust fund

b'NEW YORK, April 22, 2021 /PRNewswire/ --Lument ranked #6 on Affordable Housing Finance\'s Top 25 Affordable Housing Lenders of 2020 list with over $3 billion in closed transactions, doubling last year\'s volume.

Key Points: 
  • b'NEW YORK, April 22, 2021 /PRNewswire/ --Lument ranked #6 on Affordable Housing Finance\'s Top 25 Affordable Housing Lenders of 2020 list with over $3 billion in closed transactions, doubling last year\'s volume.
  • The financing activity created or preserved affordable housing at over 140 communities containing nearly 20,000 units.\n"We\'re honored to play a part in addressing our nation\'s affordable housing crisis," said James Flynn, CEO at Lument.
  • "Financing affordable housing is one of the most complicated areas of multifamily.
  • Lument is a national leader in commercial real estate finance, delivering a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate.

Greystone Affiliate, America First Multifamily Investors, L.P., Provides $33 Million in Construction Financing for Supportive and Homeless Housing in Los Angeles

Retrieved on: 
Thursday, April 8, 2021
Affordable housing, Mortgage industry of the United States, Homelessness, Articles, Regional science, Housing, Transitional housing, Freddie Mac, Howard County Housing and Community Development

An additional two-story transitional housing building will include 21 larger units that will accommodate up to 80 chronically homeless individuals.

Key Points: 
  • An additional two-story transitional housing building will include 21 larger units that will accommodate up to 80 chronically homeless individuals.
  • Freddie Mac is providing the permanent financing through Tax-Exempt Loans (TELs) as part of its affordable housing platform.
  • The development is supported by social services contracts provided by the Los Angeles Department of Health Services Flexible Subsidy Pool.
  • The buildings, developed using modular construction that provides cost savings and timeline efficiencies, will be located within South-Central Los Angeles.