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Seeking a Cap on Rent Hikes

Appraisal Buzz

Caps on rent increases, also known as rent control, give governments the authority to control how much landlords are allowed to increase rents each year. It would include an exception for new construction and substantial renovation or rehabilitation. Only seven states and Washington, D.C.

Landlords 392
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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. They want to attract younger employees, including recent college graduates.

Law 422
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Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. However, nonprofits face several challenges in implementing ADU initiatives.

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Beyond rates: How Flagstar’s expertise and support drive broker success

Housing Wire

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” .” Our success is driven by our exceptional team and an expansive product portfolio.

Training 445
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Movement Mortgage names Joe Thompson as regional director

Housing Wire

Founded in 2008 and based in Fort Mill, South Carolina , Movement Mortgage offers a range of products including conventional, jumbo and government-insured loans, as well as a dedicated reverse mortgage division. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 436
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Biden tax credit to rehab homes is finally unveiled

Housing Wire

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

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Why ADUs can be used for aging in place — and how reverse mortgages might help

Housing Wire

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000.

Tenants 475