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A new source of affordable housing inventory: Private seller auctions

Housing Wire

Tony Richards recently purchased four properties in his hometown of Montgomery, Alabama. He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. SmartSale has provided a new acquisition channel for local community developers like Richards.

Sellers 324
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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 landlordsproperty management software to the credit bureaus.

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

Housing Wire

Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. Most importantly, mission-based landlords are committed to keep residents housed.

Landlords 432
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Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. These apartments provide affordable housing options in high-density areas where space is limited.

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How landlords are driving innovation in the proptech space

Inman

Ryan Barone, CEO of RentRedi, discusses the ways that landlords are embracing innovative property management solutions and driving development in the proptech sector.

Landlords 180
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

Following up on a March 2023 update that first announced value acceptance and property data as a substitute for traditional appraisals on certain single-unit properties, the new Selling Guide expands this data to cover condos. This new dataset will replace our proprietary data standard on April 1, 2024.

Retail 476
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Bilt Rewards, which converts rent payments into points, hits $1.5B valuation

Housing Wire

The company, which works with some of the country’s largest multifamily developers and property managers, secured $150 million in a growth round led by Left Lane Capital. Bilt’s partners include multifamily developers and owners AvalonBay Communities , Blackstone Inc. million apartment units in the U.S.

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