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Opinion: tools for landlords to help low-income tenants

Housing Wire

The federal Housing Choice Voucher (HCV) program is a powerful tool to help low-income families find apartments they can afford, but the program isn’t reaching its potential because far too few landlords participate in it. Why don’t landlords participate? Congress has helped, as well.

Landlords 418
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LoanSnap troubles continue as California revokes its lender license

Housing Wire

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The company was evicted in May from its office in Southern California, with the landlord seeking unpaid rent of more than $530,000. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

Landlords 448
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HUD allocates $472 million of CARES Act funding for low-income households

Housing Wire

Department of Housing and Urban Development Secretary Ben Carson announced Monday the allocation of $472 million to be used for low income families during the coronavirus pandemic. HUD made the funding available to Public Housing Authorities as part of the CARES Act to assist families utilizing Housing Choice Vouchers and Mainstream vouchers.

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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

Biden will propose several new provisions designed to control costs for renters, including the targeting of corporate landlords and private equity firms, which have been “accused of illegal information sharing, price fixing, and inflating rents,” the White House said. The NHC lauded the development.

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The Mortgage Collaborative’s Melissa Langdale on the risks and rewards of gen AI

Housing Wire

The use case developed by Langdale and her team was recognized as the most promising use case of gen AI for consumer experience. How did your team decide on what they wanted to develop? How did you guys think about that when you were developing the use case? Langdale has been in the mortgage industry for more than 20 years.

Tenants 448
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Don’t let COVID crisis mask affordable housing opportunity

Housing Wire

Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions. Across the country, local zoning ordinances have consistently been designed to inhibit the development of medium and high density-housing. It’s time for the U.S. to do the same.

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Raising interest rates is designed to tackle those still-high prices outside of the volatile food and energy sectors. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. Inflation picked up to 3.7% Core inflation—which excludes food and energy costs—rose 4.3% a year earlier.