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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 488
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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. “The

Mortgage 476
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Need to sell your house fast? Here are 7 great options

Housing Wire

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. The nice thing about using Roofstock is you can sell the home with tenants in it. Sell to Your Tenants. Hire a Real Estate Agent.

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HUD Streamlines Affordable Housing Regulations

Appraisal Buzz

The changes to HOME tenant-based rental assistance will support low-income renters by creating a mandatory lease addendum with enhanced tenant protections, better defining causes for eviction in the HOME program, and reducing burdensome paperwork for tenants.

Tenants 221
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Don’t let COVID crisis mask affordable housing opportunity

Housing Wire

Finally, we need to renovate our existing housing stock. We need to harness the entrepreneurial spirit of our industry and incentivize small contractors, property owners and developers to renovate, rehab and repurpose existing housing to better reflect the changing demographics and preferences of the housing market.

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

Housing Wire

Multifamily renting An Uber-like experience to match today’s 30 million renters with property managers, Domino would provide tenants with a personalized readiness rating. The app would pull a credit report, do a background check and preapprove a tenant at certain price points so the renter knows what monthly payment they can afford.

Tools 360