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Biden unveils housing proposal that includes nationwide cap on rent increases

Housing Wire

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

Landlords 482
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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DataDigest: Will work for housing

Housing Wire

As a result, districts across the country, including in Colorado , have decided to partner with – or even become – homebuilders and landlords. million over that period to acquire 52 units and renovate several of its 50 existing units. When teachers can’t afford to buy homes, school districts can’t hire teachers.

Landlords 458
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Bain Capital gains majority stake in residential investment lender Archwest Capital

Housing Wire

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks. “We

Investing 376
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Why ADUs can be used for aging in place — and how reverse mortgages might help

Housing Wire

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. Ultimately, after gaining a senior living waiver from the state of California , the family sought to find a better arrangement.

Mortgage 435
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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. Are You Cut Out to Be a Landlord? How can you capitalize on your first investment property? Next, look at your space.

Investing 332