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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. The Florida Legislature and Gov.

Law 363
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All the ways the wildfires could make LA housing more expensive

Housing Wire

And landlords are already smelling an opportunity to raise list prices, despite laws designed to prevent that. Property taxes accrue even if the home is destroyed Property taxes are a major expense for Los Angeles homeowners, and those taxes still accrue even if the land doesnt have a home to live in.

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States are making ADUs easier to build. Now it’s up to municipalities to follow suit.

Housing Wire

In 2024 alone, Colorado, Arizona, Massachusetts, and Hawaii passed major ADU legislation, and California added several laws to open the doors wider for ADU s. State officials expect 8,000 to 10,000 ADUs to be built in the next five years thanks to the law. Hawaii’s SB 3202 follows suit, though it doesn’t address parking requirements.

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Opinion: More financing options for ADUs are needed

Housing Wire

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing.

Finance 459
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Housing Hurdles for Older Homeowners 

Appraisal Buzz

Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. I am not a tax advisor, and anything I say here should not be relied on, and you should seek appropriate counsel. Seriously.

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When borrowers ‘ghost’ their servicers

Housing Wire

That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. Federal laws aren’t the only ones servicers have to contend with. The National Consumer Law Center (NCLC) identified executive declarations and court orders in 34 states as of April 2021.

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