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HUD Updates Manufactured Home Regulations

Appraisal Buzz

The new updates seek to expedite the home production process by cutting red tape and eliminating the need for manufacturers to obtain alternative construction approvals for materials that already meet or exceed HUD standards—helping build more manufactured homes and boost the nation’s housing inventory.

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Bipartisan lawmaker group introduces new affordable housing bill

Housing Wire

Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. Portions of the bill have been enacted over the years, but it has not made it into law in a comprehensive fashion.

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How lenders can continue to serve borrowers despite housing affordability challenges

Housing Wire

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices.

Finance 418
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Can 3-D printed homes help solve the housing crisis?

Housing Wire

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials.

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CFPB ponders how well HMDA captures discrimination

Housing Wire

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The HMDA data is a crucial tool for the CFPB in constructing redlining cases.

Lending 397
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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

Financially feasible – Would the proposed use generate enough income to pay for construction costs and make a profit? Upzoning is a movement sweeping the country many cities are changing zoning laws to increase density and address affordable housing issues. See diagram.

Legal 243
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ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Housing Wire

This resolution makes clear our commitment to holding banks and financial institutions accountable for modern-day redlining while ensuring access to fair lending in communities of color.” “When banks engage in redlining, they perpetuate existing patterns of segregation and widen the racial wealth gap in our country.

Lending 321