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Why a California law to create housing units hasn’t worked

Housing Wire

When California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single-family homes, supporters and detractors alike fiercely argued that it would have a big impact. SB 9 was designed to inject supply into what is arguably America’s most challenging housing market , but that has yet to happen.

Law 482
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HUD announces $72.6M in new Native American community grants

Housing Wire

HUD extends its gratitude to Tribes for providing vital feedback on the ICDBG program through Tribal consultation, which informed the development of this grant competition, from the design of the Notice of Funding Opportunity through our work to quickly complete the application review and award process, HUD stated.

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FCC says new rules for robocall and text opt-outs will take effect in April 2025

Housing Wire

The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts. Congress must pass the NDAA each year, since it refers to laws that specify the annual budget for the U.S. Department of Defense.

Design 482
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NAR to vote on Clear Cooperation Policy as legal threat looms

Housing Wire

It accused NAR and several major real estate brokerages of conspiring to artificially inflate the commissions of agents representing sellers, a violation of federal antitrust law. CCP provisions are designed to prevent so-called pocket listings , or properties that are listed off market and not advertised to the general public.

Legal 352
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MBA sees risk in new Florida law that gives first-lien priority to PACE loans

Housing Wire

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Law 434
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. This course covers real estate law, contracts, finance and ethics. your state’s real estate license exam.

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Seattle leaders struggle to agree on a path forward for housing

Housing Wire

The concept of the neighborhood center would be a new land-use designation that would bolster the zoning capacity of commercial centers, adding more residents to areas with existing businesses and amenities. To comply with state law, the city must pass new density rules by June 2025, the Times reported.