Archives For: Industry Updates
Chicago Targets ?Zombie Housing? for Renewal, Block by Block
U.S. News & World Report published an article outlining a partnership between the City of Chicago, Ill., nonprofit community groups, financial institutions and others that aims to revitalize housing left behind in the foreclosure crisis.
9 Jul 2018
Indiana Reopens Embattled Foreclosure Prevention Program Following Criticism from Federal Auditors
WRTV ABC 6 released a report outlining the recent reopening of Indiana’s Hardest Hit Fund application process. The action will allow homeowners who have fallen behind their mortgage to apply for a one-time assistance of up to $30,000.
9 Jul 2018
This California Town Will Give a $500 Monthly Stipend to Residents
CNN issued a report discussing a planned Universal Basic Income (UBI) initiative set to take place in Stockton, Calif., which aims to give 100 residents $500 a month for 18 months without any conditions. It appears that the funds could be utilized for mortgage payments, thereby mitigating mortgage delinquency and property abandoned.
9 Jul 2018
Rockingham County to Collect Nuisance Fees for Cities, Towns
Rockingham Now released an article discussing the efforts of Rockingham County, N.C., to add city and town nuisance abatement fees to its tax bills.
4 Jul 2018
Court Temporarily Halts Evictions of 2,000 Puerto Rican Disaster Victims
HousingWire published an article discussing a recent decision from the U.S. District Court of Massachusetts.
2 Jul 2018
Foreclosure Prevention and Community Stabilization Activities Under CRA
Regulatory agencies continue to promote the preservation of affordable housing opportunities, including various disposition strategies for Real Estate Owned (REO) properties in accordance with the Community Reinvestment Act (CRA).
2 Jul 2018
Advocates Urge R.I. to Extend Foreclosure Protection for Homeowners
DS News released an article discussing the passage of S 2270 Sub A (An Act Relating to Property — Mortgage Foreclosure and Sale — Mediation Conference).
27 Jun 2018
Ordinance Banning Plywood Introduced in Chicago
Ordinance O2018-5052 (Amendment of Municipal Code Chapter 13-12 prohibiting use of plywood or wood-based material for securing vacant buildings) was introduced in the Chicago, Ill., City Council and was assigned to the Committee on Finance.
27 Jun 2018
New Dallas Initiative Targets Neighborhoods with Repeat Code Complaints
WFAA ABC 8 published an article outlining a new pilot program in Dallas, Texas, that will allow city staff to address repeated resident complaints relating to code enforcement and other neighborhood issues. The program, called the “Targeted Action Plan”, will begin in District 4 and then spread across other areas of the city.
25 Jun 2018
Pintor Marin & Calabrese Bill to Establish Protections for New Homeowners of Foreclosed Properties Approved by Assembly
Insider NJ posted a press release discussing the passage of A3366 (“Requires provisions regarding sellers’ obligation to deliver marketable and insurable title in certain residential real estate contracts of sale”) in the New Jersey Assembly. The bill has since been received in the Senate and referred to the Commerce Committee.
25 Jun 2018