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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

“JBREC is not forecasting meaningful rent growth until 2026 and beyond, which will make it harder for new project developments to pencil.” Using 2017, 2018 as a normal level, delivery should start to look normal by 2027, 2028, so I think the market fundamentals will start to shift pretty soon.

Marketing 370
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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.

Investing 433
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Fannie Mae, Freddie Mac Publish Three-Year Plans to Improve Housing Opportunities

Appraisal Buzz

The GSEs’ 2025-2027 Duty to Serve (DTS) Underserved Markets Plans seek to improve access to mortgage liquidity across three underserved housing markets: manufactured housing, affordable housing preservation, and rural housing. The goal is to advance equitable housing access in markets and communities facing persistent challenges.

Finance 397
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TD Bank launches three-year plan to invest $10B in affordable homeownership

Housing Wire

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in community development loans and other investments, including affordable housing projects. TD Bank’s plan also includes $7.5

Investing 446
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Apartment Construction Projected to Reach Historic Highs in 2024

Appraisal Buzz

By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. Moreover, 47% of the 369 metro areas under study are probably going to develop more in the upcoming five years than they did in the years between 2019 and 2023.

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Watchdog says HUD has struggled to prevent ‘improper payments’ for 11 years

Housing Wire

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related to its programs for 11 consecutive years.

Law 435
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Not-yet-developed Dubai penthouse sells for $136M

Inman

The penthouse is expected to be complete in late 2027. The sale of the Como Residences penthouse, located on the exclusive Palm Jumeirah archipelago, is the priciest ever to close in Dubai.