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HUD Grants Millions to Help End Homelessness, Prevent Evictions

Appraisal Buzz

Through the Eviction Protection Grant Program (EPGP), a first-of-its-kind federal program created to increase the availability of legal services to tenants at risk of or subject to eviction, the U.S. Tenants who are evicted, particularly children, suffer serious long-term repercussions.

Tenants 468
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Housing Rights Initiative files massive discrimination case in Illinois

Housing Wire

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. This violates Illinois House Bill 2775, which makes it illegal for landlords, brokers and agents to discriminate against housing applicants who seek to use vouchers to pay their rent.

Landlords 418
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Investors Embracing Expansion of Real Estate Portfolios 

Appraisal Buzz

RentRedi landlords intend to purchase real estate in 2025. The likelihood of acquiring new properties is highest among landlords in the Midwest and South (69% each), followed by those in the Northeast (68%). that falls short of the national average is landlords in the Western U.S. (52%). The only group in the Western U.S.

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Real estate investors say they’ll expand portfolios, make home improvements in 2025

Housing Wire

The findings indicate strong confidence in the rental housing market, with landlords prioritizing long-term growth and profitability despite economic and regulatory challenges. landlords plan to acquire new properties this year. But the West lags behind, with only 52% of landlords there planning to buy property this year.

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Invitation Homes to pay $3.7 million in California rent-gouging case

Housing Wire

Invitation Homes , the nation’s largest single-family rental landlord, has reached a settlement to address accusations it violated California ‘s “rent gouging” laws, the state’s Attorney General Rob Bonta announced on Monday. The company will also take specific actions to ensure compliance with California law.

Tenants 476
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Lease-Purchase Arrangements: Another Path to Homeownership?

Appraisal Buzz

Under a lease-purchase arrangement, the property seller also acts as the landlord. The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period.

Landlords 221
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New California law to boost renters’ credit scores  

Housing Wire

The bill, which Governor Gavin Newsom signed into law last year, requires landlords to offer tenants the option to have their on-time rent payments reported to credit bureaus. The new law aims to fix this by recognizing rent payments as a valid sign of financial responsibility, much like paying a mortgage or car loan.

Law 250