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Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Still, federal law does not prevent landlords from rejecting all housing vouchers.

Landlords 488
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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Buyers, on the other hand, view earnouts as a risk mitigation tool to avoid paying too much, particularly if there is uncertainty regarding future performance of the business. For the other locations, Seller, Buyer and Landlord will need to enter into separate assignment and assumption of lease agreements.

Mortgage 414
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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

By outsourcing the management of rental pricing to RENTmaximiser, Yardi’s rent-setting tool, property management companies failed in complying with the antitrust laws, according to the lawsuit. Additionally, the use of this software prevented landlords from courting would-be renters through the use of different discounts, said the lawsuit.

Landlords 413
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FHFA Issues New Tenant Protections

Appraisal Buzz

A 30-day written notice of a lease expiration: Renters will be notified at least 30 days in advance of their lease expiration, whether fixed/scheduled or terminated by the landlord. Tenants can see if their property is Enterprise-backed using Fannie Mae’s and Freddie Mac’s multifamily property look-up tools.

Tenants 435
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Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

Nonprofits are increasingly turning to accessory dwelling units (ADUs) as a tool to combat the nation’s ongoing affordable housing crisis. In New York City, the Basement Apartments Safe for Everyone (BASE) Campaign advocates for legalizing and upgrading underground apartments, many of which qualify as interior ADUs.

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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. However, the success of AB 2747 relies on landlords adopting the systems required to report rent payments. This is where technology comes in.

Law 255
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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

The renter is presented with results they are prequalified for that fit their criteria and the app connects them with landlords/property managers. Serves as relationship-building tool for servicers. Fraud detection tool Multifamily Utilizes Ai to combat AI-related fraud, including deep fakes, in multifamily operations.

Tools 360