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...
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 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 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 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...