Archives For: Industry Updates
FHA Seeks Feedback on Proposed Changes to Increase Access to Affordable Financing for Properties with Accessory Dwelling Units
FHA is working to update its requirements for insuring mortgages on single family homes with Accessory Dwelling Units to allow for more borrowers to qualify for financing.
13 Apr 2023
Cass County Blight Elimination Program to Demolish Eight Structures in First Round of Funding
The Cass County Land Bank Authority will use funds awarded by the passing of House Bill 5783 to fund the Blight Elimination Program, beginning with the restoration of 8 blighted properties.
13 Apr 2023
County Land Bank has Decade Worth of Success
Over a 10 year period, the Chautauqua County Land Bank has been able to successfully facilitate 118 properties and complete 172 demolitions.
12 Apr 2023
HUD Awards $98 Million in Choice Neighborhoods Implementation Grants and Opens New $10 Million Funding Opportunity for Local Planning Efforts
HUD Secretary Marcia Fudge has announced “Supplemental Grant” awards for Choice Neighborhoods Implementation Grantees totaling over $98 million.
11 Apr 2023
FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac
FHFA announced updates to Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans for 2023.
5 Apr 2023
Topeka Introduces Land Bank Program to Repurpose Properties for Affordable Housing
Topeka city leaders are considering a new proposal to transform many of the city’s vacant and blighted properties into affordable housing.
5 Apr 2023
How Ohio is Tackling the Crumbling Homes Left Vacant and Forgotten
Vacant, blighted homes are set to be demolished in Ashtabula County, Ohio after the state awarded the Ashtabula County Land Bank $609,000 for its Demolition and Site Revitalization Program.
28 Mar 2023
Black Knight: Early Stage Mortgage Delinquencies Increased in February
According to Black Knight’s First Look Report, 3.45% of all U.S. mortgages were delinquent in February, an increase of 1.96% compared to January 2023.
27 Mar 2023
Bakersfield is Coming for Blighted Lots, in the Name of Housing
The city of Bakersfield, CA is working on plans to help buyers of dilapidated properties rehabilitate them into affordable housing options.
26 Mar 2023
Commissioners Discuss Abandoned Homes, Eyesores
Bertie County, North Carolina is working to ‘think outside the box’ to incentivize people to purchase, repair, and live in fixable vacant properties.
25 Mar 2023