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NYC Council Passes Bill Giving Nonprofits First Chance to Buy Distressed Apartment Buildings

NYC Council Passes Bill Giving Nonprofits First Chance to Buy Distressed Apartment Buildings

by John G. Stevens | Oct 23, 2026 | Real Estate News

New York City’s Council approved legislation Thursday that would give certified nonprofit housing organizations the first opportunity to bid on certain apartment buildings before their owners sell to other buyers, a major proposed change to transactions...
Newmark Arranges $369 Million Fannie Mae Financing for Florida Affordable Housing

Newmark Arranges $369 Million Fannie Mae Financing for Florida Affordable Housing

by John G. Stevens | Oct 19, 2026 | Commercial Real Estate News

In brief: Newmark arranged $369 million in Fannie Mae financing for April Housing’s 11-property Florida affordable housing portfolio. The credit facility combines fixed- and floating-rate debt; the exact closing date and portfolio unit count were not disclosed....
Spain’s Housing Decree Restricts Discounted Property Deals and Backs New Construction Finance

Spain’s Housing Decree Restricts Discounted Property Deals and Backs New Construction Finance

by John G. Stevens | Oct 18, 2026 | International Real Estate News, Mortgage Information, Real Estate News

Spain has put a sweeping housing decree into effect that reaches from distressed-mortgage portfolios to rent contracts and construction finance. The rules, published October 7, are already operative while lawmakers face a separate parliamentary ratification decision....
Bloomberg Housing Grants Move Ahead in 14 Cities After Portland Declines Funding

Bloomberg Housing Grants Move Ahead in 14 Cities After Portland Declines Funding

by John G. Stevens | Oct 17, 2026 | Current News & Events, Industry Updates, U.S. Housing Market

Bloomberg Philanthropies is offering U.S. cities grants of $450,000 to $750,000 to speed housing approvals, expand accessory dwelling units and revive stalled development. The program was initially presented as a 15-city effort. By Friday, one of those cities —...
Florida Flags 16,897 State-Financed Rental Units for Hurricane Isaias Damage Review

Florida Flags 16,897 State-Financed Rental Units for Hurricane Isaias Damage Review

by John G. Stevens | Oct 10, 2026 | Current News & Events, Real Estate News, U.S. Housing Market

Florida housing officials have identified 16,897 rental units in 226 state-financed developments within the 27 counties under an emergency declaration following Hurricane Isaias, expanding the scope of the state’s affordable-housing review as recovery crews...
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