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HUD Grants Millions to Help End Homelessness, Prevent Evictions

Appraisal Buzz

Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homelessness. However, the majority of renters lack access to legal aid that could enable them to defend against wrongful evictions or come to more amicable agreements with landlords.

Tenants 468
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A new source of affordable housing inventory: Private seller auctions

Housing Wire

He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. million registered users.

Sellers 343
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LoanSnap troubles continue as California revokes its lender license

Housing Wire

The company was evicted in May from its office in Southern California, with the landlord seeking unpaid rent of more than $530,000. A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed.

Landlords 448
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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?

Landlords 418
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LA fires upend rental market as residents scramble for housing

Housing Wire

We’re seeing several landlords have increased their rents by 50%. And there are situations where the renter will pay six months in advance or nine months in advance, and now the landlord has to reimburse, and if they don’t, there’s some problems. “And it could even be higher.

Marketing 501
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Freddie Mac spurs landlords to report on-time rent payments

Housing Wire

Freddie Mac wants to encourage multifamily landlords to report positive rental payments to the credit bureaus to give renters a better shot at qualifying for a mortgage. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Landlords 468
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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Largely nonprofits, mission-based landlords provide affordable housing as a tool for systemic change, including advancing racial equity, reducing economic disparities, and strengthening community resiliency. Many of their development projects require more patience and long-term commitment than other developers are willing to undertake.

Landlords 434