Regional science

Nearly $2.6 Million Disbursed for Affordable Housing Projects

Retrieved on: 
Wednesday, March 31, 2021
Residential Building & Real Estate, Construction & Property, Finance, Banking, Other Consumer, Professional services, Women, Philanthropy, MEN, Fund Raising, Urban planning, Foundation, Family, Other Philanthropy, Consumer, Other Construction & Property, Social programs, Affordable housing, Federal Home Loan Banks, Mortgage industry of the United States, Articles, Public housing, Regional science, Economy, Home Bank, N.A., the Federal Home Loan Bank of Dallas

Brandon Kelly, Home Bank vice president and Community Development director, said the number of organizations providing affordable housing in Louisiana was admirable.

Key Points: 
  • Brandon Kelly, Home Bank vice president and Community Development director, said the number of organizations providing affordable housing in Louisiana was admirable.
  • Home Bank acknowledges that affordable housing for Louisiana residents is essential, and the pandemic has really brought that to light, Mr. Kelly said.
  • In 2020, FHLB Dallas awarded $19.3 million in subsidies to 38 affordable housing projects.
  • Included in that total is $4.6 million in subsidies for 764 units of housing in Louisiana.

Cooper Housing Institute Selects Advisory Board Members

Retrieved on: 
Wednesday, March 31, 2021
Affordable housing, Economic inequality, Homelessness, Regional science, Articles, Economic geography

Cooper Housing Institute Co-Founder Will Cooper Sr. said, "The Cooper Housing Institute is dedicated to its mission of making housing a priority in the United States.

Key Points: 
  • Cooper Housing Institute Co-Founder Will Cooper Sr. said, "The Cooper Housing Institute is dedicated to its mission of making housing a priority in the United States.
  • The members of the advisory board will provide advice, overall guidance and recommendations to Cooper Housing Institute in support of addressing housing affordability challenges and homelessness within the United States.
  • The Cooper Housing Institute is a private 501(c)(3) foundation founded in 2018 by the Cooper family, whose commitment to affordable housing spans 50 years.
  • The Cooper Housing Institute was formed by Will N. Cooper Sr. and Will N. Cooper Jr., leaders of Irvine, California-based WNC, a leading provider of investment, asset management and development services in the affordable housing industry.

Canada Needs to Ensure Affordable Homeownership is Addressed in the 2021 Budget

Retrieved on: 
Monday, March 29, 2021
Affordable housing, Economic inequality, Housing, Regional science, Habitat for Humanity Canada, Habitat for Humanity, Habitat for Humanity Toronto

Habitat for Humanity Canada is calling on the government to build on the success of its National Housing Strategy with enhanced and accelerated investments that will smooth the path to affordable homeownership for more families across Canada.

Key Points: 
  • Habitat for Humanity Canada is calling on the government to build on the success of its National Housing Strategy with enhanced and accelerated investments that will smooth the path to affordable homeownership for more families across Canada.
  • Increase access to land for affordable housing providers, including through the Federal Lands Initiative and a new property acquisitions program.
  • Founded in 1985, Habitat for Humanity Canada is a national charitable organization working toward a world where everyone has a decent and affordable place to call home.
  • Habitat for Humanity brings communities together to help families build strength, stability and independence through affordable homeownership.

Citi Recognized as an Eleven-Time Industry Leader in Affordable Housing

Retrieved on: 
Tuesday, March 23, 2021
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Affordable housing, Regional science, Economic inequality, Articles, Economic geography, Housing in the United States, Canada Mortgage and Housing Corporation, Chicago Community Loan Fund

Citi was once again recognized as the largest affordable housing lender in the Country, according to Affordable Housing Finance (AHF) Magazines annual survey of affordable housing lenders.

Key Points: 
  • Citi was once again recognized as the largest affordable housing lender in the Country, according to Affordable Housing Finance (AHF) Magazines annual survey of affordable housing lenders.
  • Citi Community Capital, the bank unit through which Citi works to finance all types of affordable housing and community development projects, reported over $7 billion of lending to finance affordable rental housing projects in 2020.
  • Total lending and investing by Citi Community Capital in 2020 was over $8.2 billion in affordable housing, education, healthcare and small businesses across 216 U.S. cities.
  • Reaching over 27,000 subscribers in print and online, Affordable Housing Finance is the only national publication serving owners, developers, managers, and investors involved in the production and preservation of affordable housing.

Freddie Mac: Confidence in Housing Market High as Concerns about Finances Linger

Retrieved on: 
Monday, March 22, 2021
Mortgage industry of the United States, Affordable housing, Regional science, Freddie Mac, Articles, Real estate economics, Economic geography

While the housing market appears to be healthy and has recovered faster than the rest of the economy, many segments of the population are still struggling.

Key Points: 
  • While the housing market appears to be healthy and has recovered faster than the rest of the economy, many segments of the population are still struggling.
  • Confidence in the housing market fluctuated between 48% (April) and 69% (October) but remained high overall, averaging 60% in all of 2020.
  • For more information, visit the Freddie Mac consumer education website, My Home by Freddie Mac .
  • Since our creation by Congress in 1970, weve made housing more accessible and affordable for homebuyers and renters in communities nationwide.

Laurel Housing Authority Receives $750K for Affordable Housing Complex

Retrieved on: 
Wednesday, March 17, 2021
Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Urban planning, Banking, Affordable housing, Federal Home Loan Banks, Mortgage industry of the United States, Regional science, Articles, Economic geography, Zoning, Hope Federal Credit Union, the Federal Home Loan Bank of Dallas

Hope Federal Credit Union (HOPE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Laurel Housing Authority (LHA) to tear down and rebuild an affordable housing apartment complex in Laurel, Mississippi.

Key Points: 
  • Hope Federal Credit Union (HOPE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Laurel Housing Authority (LHA) to tear down and rebuild an affordable housing apartment complex in Laurel, Mississippi.
  • View the full release here: https://www.businesswire.com/news/home/20210317005837/en/
    Hope Federal Credit Union and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to Laurel Housing Authority to tear down and rebuild an affordable housing apartment complex in Laurel, Mississippi.
  • HOPEs success in providing affordable housing is directly related to strong partnerships in this case, a highly qualified and seasoned developer and an equally successful local housing authority, said Mr. Eide.
  • HOPE appreciates the ongoing commitment to creating and preserving affordable housing and is proud to be associated with this development.

Vendaval: Taxpayer-Funded Housing Flop Proves Experts Needed to Help Vets Find Affordable Homes

Retrieved on: 
Wednesday, March 10, 2021
Homelessness, Housing, Affordable housing, Regional science, Articles, Homelessness in the United States, Residential buildings

A government watchdog report in 2018 exposed the potential risks within an $8 billion taxpayer program designed to help the homeless.

Key Points: 
  • A government watchdog report in 2018 exposed the potential risks within an $8 billion taxpayer program designed to help the homeless.
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    None of this is news to Saifan, who served in the U.S. military for 24 years and helps former warriors find dignity and community through affordable housing projects.
  • The development will help veterans and independent-living seniors find jobs, homes, facilities, training, mentoring and a sense of place all in one location.
  • He urged those who care about affordable housing and veterans to encourage government officials to do more for those in need.

AHF Adds East L.A.’s Pride Hotel to its Low-income Housing Efforts

Retrieved on: 
Thursday, March 4, 2021
Construction & Property, AIDS, Health, Urban planning, Philanthropy, REIT, Foundation, Residential Building & Real Estate, Housing in the United States, Homelessness, Housing, Affordable housing, Articles, Regional science, Academic disciplines, Homelessness in the United States

AHF , the largest global AIDS organization, under its Healthy Housing Foundation banner, is pleased to announce the purchase of the Pride Hotel, a 42-unit, 1955-era motel in East Los Angeles, that it will repurpose as housing for extremely-low-income and/or formerly homeless individuals.

Key Points: 
  • AHF , the largest global AIDS organization, under its Healthy Housing Foundation banner, is pleased to announce the purchase of the Pride Hotel, a 42-unit, 1955-era motel in East Los Angeles, that it will repurpose as housing for extremely-low-income and/or formerly homeless individuals.
  • Due to the COVID-19 pandemic, however, no formal ribbon-cutting event or reception or ceremony will take place at this time.
  • The Pride Hotel becomes the ninth hotel or motel in the Los Angeles area that Healthy Housing Foundation has purchased and repurposed as homeless or extremely-low-income housing since 2017 when AHF first kicked off its housing program.
  • Due to the enormity of the homeless and housing affordability crises, we are taking a very broad approach to improve access to affordable and homeless housing.

Catholic Charities Housing Receives $750K for Sunray Lobo Canyon

Retrieved on: 
Thursday, March 4, 2021
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Federal Home Loan Banks, Mortgage industry of the United States, Affordable housing, Regional science, Articles, Economic geography, Public housing, Housing in the United States

Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Catholic Charities Housing Inc. (CC Housing) to rehabilitate and merge Sunray Apartments and Lobo Canyon Village Apartments.

Key Points: 
  • Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Catholic Charities Housing Inc. (CC Housing) to rehabilitate and merge Sunray Apartments and Lobo Canyon Village Apartments.
  • (Photo: Business Wire)
    The complex, to be known as Sunray Lobo Canyon in the future, will include converting one of the buildings into a functioning community building for a tenant base that includes a significant number of families with children.
  • AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
  • Included in that total is more than $1.8 million in subsidies for 216 units of housing in New Mexico.

Synergy, Inc. Expands with Focus on Mixed-Use, Multi-Family and Modular Construction

Retrieved on: 
Thursday, February 25, 2021
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Articles, Regional science, Affordable housing, Economic inequality, Public housing, Real estate economics, Economic geography, Modular building

Synergy, Inc. , a second-generation and family-owned construction company, recently announced plans to expand its business and focus on modular construction, affordable housing, senior housing and assisted living, and other real estate development projects in the mixed-use and multi-family markets.

Key Points: 
  • Synergy, Inc. , a second-generation and family-owned construction company, recently announced plans to expand its business and focus on modular construction, affordable housing, senior housing and assisted living, and other real estate development projects in the mixed-use and multi-family markets.
  • The commercial general contractor is a market leader in modular construction through its Synergy Modular brand, with a large focus on affordable housing and market-rate multi-family housing.
  • Synergy Modular was created to address the challenges of labor shortages and rising costs in the affordable housing market.
  • Synergy, Inc. offers a wide variety of construction, development, and financing services that complement the off-site and modular construction businesses.