Sacramento Mayor Kevin McCarty is proposing a property tax hike that will be used to finance new housing developments. CBS News reports McCarty unveiled his plan during his first State of the City address on Monday. The mayor is proposing to enact a fee that will be...
The city government for Charlotte, North Carolina, has selected 12 faith-based organizations to participate in a new affordable housing development initiative. The Charlotte Observer reports the city’s Faith in Housing initiative will provide the religious groups with...
The former chief financial officer (CFO) for a Los Angeles-based affordable housing developer was arrested for using state grant funds to pay for his personal expenses. According to an affidavit filed with the complaint, the California Department of Housing and...
A Democratic candidate for the New Jersey legislature has proposed seizing the Trump National Golf Club at Bedminster by eminent domain as a response to the administration’s freezing of $18 billion earmarked for an infrastructure project. InsideNJ.com reports the...
A 169-unit portfolio of Connecticut affordable housing complexes was sold for $39.7 million. The portfolio consists of the 10-story, 116-unit Kimberly Place in Danbury and the five-story 53-unit One Leonard in Norwalk. Both properties are set aside for senior...
FBI Investigating Lurin Capital Amid Multifamily Collapse
