article thumbnail

Gen X homebuyers should prioritize aging in place: Boston Globe

Housing Wire

One of the ways the reverse mortgage industry has aimed to position the potential value proposition for prospective borrowers is by the ability to use the loan proceeds to fund home modifications. Department of Housing and Urban Development (HUD) has also given attention to home modifications specifically for aging in place.

Design 435
article thumbnail

Home Depot Foundation invests $10M to assist veterans with aging in place

Housing Wire

The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. There are four key areas the funding will be applied toward.

Investing 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

article thumbnail

Many baby boomers live in “time capsules” that need renovations to age in place

Housing Wire

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging.

article thumbnail

Homeowners and Buyers Reveal the Most Desired Home Trends for 2025

Appraisal Buzz

A tiny home, courtesy of Houzz Vintage Homes Attract Old School Home Shoppers “Grandmillennial” style, has also become an increasingly popular trend. While “vintage” mentions are up 9%, nostalgia is a developing trend, showing up in 14% more listings than in 2023.

Buyers 418
article thumbnail

First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. The depository is aiming to maintain at least 25% of its branches in LMI areas.

Investing 433
article thumbnail

Freddie Mac first out of the gate with plans for targeted lending programs

Housing Wire

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

Lending 435