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H.R. 2 Housing Provisions Could Finance More Than One Million Additional Affordable Rental Homes from 2020 to 2030

H.R. 2 Housing Provisions Could Finance More Than One Million Additional Affordable Rental Homes from 2020 to 2030 The Moving Forward Act includes among its numerous housing-related provisions proposals to expand and strengthen the low-income housing tax credit (LIHTC)… Read More Novogradac https://www.novoco.com/notes-from-novogradac/hr-2-housing-provisions-could-finance-more-one-million-additional-affordable-rental-homes-2020-2030

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Governor Cuomo Announces Start of Construction on New $51 Million Affordable Housing Development in Peekskill, NY

Governor Cuomo Announces Start of Construction on New $51 Million Affordable Housing Development in Peekskill, NY Development Complements Peekskill’s Downtown Revitalization Initiative Plan to Provide a Wider Range of Affordable Housing Opportunities… Read More New York State https://www.governor.ny.gov/news/governor-cuomo-announces-start-construction-new-51-million-affordable-housing-development

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9/10: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Home Purchase Sentiment Index rebounds in August but still down sharply year-on-year The Home Purchase Sentiment Index® (HPSI) increased 3.3 points in August to 77.5, recovering after falling slightly in July and continuing the rebound from May and June. Still, year-on-year, the HPSI is down 16.3 points. Five of the six HPSI…

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GreenHome Institute elects new board

GreenHome Institute elects new board A nonprofit focused on empowering people to make green building and renovation choices elected its first woman chair and added three other board members… Read More Grand Rapids Business Journal https://grbj.com/news/nonprofits/greenhome-institute-elects-new-board/

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9/8: MetroIntelligence Economic Update by P. DUFFY

1.4 million jobs added in August, official unemployment rate falls to 8.4 percent Total nonfarm payroll employment rose by 1.4 million in August, and the “U-3” official unemployment rate fell 1.8 points to 8.4 percent. Still, the number of people in the U.S. reporting permanent job losses rose by about 534,000, or over 18 percent, to 3.4 million, the highest…

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$6.2 million project to test new form of concrete paving on Delaware Memorial Bridge

$6.2 million project to test new form of concrete paving on Delaware Memorial Bridge The Ultra High Performance Concrete (UHPC) deck overlay pilot project will take place on the New Jersey-bound span of the bridge… Read More Delaware Business Now https://delawarebusinessnow.com/2020/09/6-2-million-project-to-test-new-form-of-concrete-paving-on-delaware-memorial-bridge/

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Mortgage demand from homebuyers is now 28% higher than last year

Mortgage demand from homebuyers is now 28% higher than last year Mortgage applications to purchase a home is 28% higher than a year earlier; low mortgage rates and a delayed activity in the spring could be potential reasons why the demand has increased… Read More CNBC https://www.cnbc.com/2020/09/02/mortgage-demand-from-homebuyers-is-now-28percent-higher-than-last-year.html

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August 2020 Monthly Housing Market Trends Report: Hot Late-Summer Market Fuels Double-Digit Growth in Home Prices

August 2020 Monthly Housing Market Trends Report: Hot Late-Summer Market Fuels Double-Digit Growth in Home Prices According to the Realtor.com monthly report, the late0summer housing market is selling away from pent-up buyer demand and a smaller inventory in listing prices… Read More Realtor.com https://www.realtor.com/research/august-2020-data/

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Hotels are closing as tourism plummets. This company is turning them into affordable housing

Hotels are closing as tourism plummets. This company is turning them into affordable housing In Missouri, a housing development company is turning vacant hotels into affordable housing locations to address the housing shortage… Read More Fast Company https://www.fastcompany.com/90545992/hotels-are-closing-as-tourism-plummets-this-company-is-turning-them-into-affordable-housing

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