Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Bernie Sanders (I-VT) announced the relaunch of the “Green New Deal for Public Housing.” Among the provisions of the proposed legislation is the repeal the Faircloth Amendment, a rule that prohibits the U.S. Department of...
The editorial board of the Wall Street Journal accused the real estate profession of working against the best interests of their clients with “a rigged game that pads their pockets at the expense of consumers.” In an editorial titled “The Realtors Stage a $418 Million...
Enterprise Community Development Inc. (ECD), a nonprofit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners, announced that Janine Lind will become its new president starting April 29. Lind will be based out...
For the fifth consecutive month, the Federal Reserve opted to hold interest rates in place. The central bank’s policy making Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate in a range between 5.25% and 5.5%, which is...
Chicago voters rejected the referendum on the so-called “mansion tax” designed to increase the real estate transfer tax on residential and commercial properties sold for $1 million and higher. The Associated Press, citing a 98% return on ballots, reported the...
Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, announced the hiring of Archie Hughes as senior regional vice president. In his new job, Hughes will be responsible for furthering the sales efforts of Trilogy’s platform...
