article thumbnail

D.C., Chicago are top YIMBY cities for housing development

Housing Wire

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ In tandem with data research firm MetroSight , Pacaso analyzed ZIP codes across the country during two five-year time periods: 2008 to 2012, and 2018 to 2022. 71.2%) and Chicago (54.3%). Washington, D.C.,

article thumbnail

The renovation ripple effect in underserved neighborhoods

Housing Wire

Those areas that I’m now developing I grew up in. I remember what it’s like to have slumlords,” said Jermaine Morgan, a Columbus, Georgia-based local community developer who purchases distressed property at auction. “I Collectively, local community developers like Jermaine significantly impact neighborhood stabilization nationwide.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHFA says Federal Home Loan Banks have offered more support to affordable housing efforts

Housing Wire

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

article thumbnail

Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. The Department of Housing and Urban Development attempted to crack down on landlord discrimination back in 2018.

Landlords 488
article thumbnail

Movement Mortgage invests $200M into charter school network

Housing Wire

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. The investment will also aide in the development of adjacent affordable housing and health clinics in Central America, the company said in a statement this week.

Investing 418
article thumbnail

First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 348
article thumbnail

A look at Nevada’s exploding housing market

Housing Wire

This isn’t a new development; in 2017, the United States Census reported that California had the highest out-migration of any state in the country with approximately 660,000, followed by Texas, with 467,338 movers, and New York, with 452,580. And between 2017 and 2018, approximately 50,000 California residents made the move to Nevada.