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Milwaukee housing authority reportedly ‘misused’ millions in federal funds

Housing Wire

Department of Housing and Urban Development (HUD)s Housing Choice Voucher (HCV) program for rental assistance , widely referred to as Section 8 vouchers. The source of the financial discrepancy reportedly came from the misallocation of funds tied to U.S.

Tenants 425
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Pennymac pulls back on 2021 plan to hire 300+ workers in North Carolina

Housing Wire

“Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted. million in tenant improvements in North Carolina since 2021, the letter added. The JDIG agreement authorized the potential reimbursement to Pennymac of up to $1.9

Investing 442
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Gen Z Households Remain Rent-Burdened, but Housing Vouchers Offer Relief 

Appraisal Buzz

For instance, almost three-quarters of Gen Z tenants in cities like San Diego, Los Angeles, and Sacramento are burdened by their rent. It is customary to refer to households that are over this 30% threshold as “rent-burdened.” That percentage is significantly higher in 21 of the 30 biggest metro areas in the nation.

Landlords 195
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Thousands of government-backed mortgages impacted by Maui fire

Housing Wire

Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires. Most of the structures in the town were destroyed.

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Opinion: Stranger than fiction: Eminent domain displacement

Housing Wire

Imagine that the local government where you live is invoking eminent domain rights concerning your dear home to build a road or park or let a private developer do as they will (Kelo v. It feels like you are being given a flippant 60-day notice as if you are a tenant with no ownership rights. New London in 2005).

Legal 467
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6 Mixed-Use Development Trends Embracing The Jetsons’ Lifestyle [2021]

The Robert Weiler Company

Mixed-use development in 2021 may not resemble Orbit City, but commercial builders, architects, and real estate investors are undoubtedly re-engineering the proximity of your personal and professional orbit. Mixed-use commercial property refers to a sector of real estate that combines two or more uses within walking distance.

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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

One of the examples I was researching for this month got a $58,000 partial claim granted,” said Houston-based real estate investor Francois Delille, referring to the partial claim program for mortgages insured by the Federal Housing Administration (FHA). As a company we always work with the occupants. … It’s a win-win.”