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Report: Bay Area Affordable Housing Development Falling Short of Target

Report: Bay Area Affordable Housing Development Falling Short of Target

by Phil Hall | May 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is good news and not-so-good news regarding the state of affordable housing in California’s Bay Area. First, the good news: data from the newly published Bay Area Affordable Housing Pipeline 2024 Report detailed that 433 projects are now in various stages of...
Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects

Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Massachusetts Gov. Maura Healey is proposing a new “mansion tax” strategy to fund the state’s affordable housing endeavors. According to combined media reports, Healey’s recently proposed $4 billion housing bond bill would enable cities to enact a transfer fee ranging...
UN Officer Warns Europe’s Housing Crisis Will Fuel a Rise in Far-Right Parties

UN Officer Warns Europe’s Housing Crisis Will Fuel a Rise in Far-Right Parties

by Phil Hall | May 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The lack of affordable rental housing and homeownership opportunities across Europe could lead to a new era of far-right political parties controlling the European Parliament and the federal and local governments across the European Union (EU) members, according to a...
FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications

FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications

by Phil Hall | May 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is now accepting applications for the 2024 Affordable Housing Program (AHP) General Fund. This year’s AHP General Fund’s available subsidy per-project has doubled from $1 million to $2 million. The FHLBank...
Guest Opinion: What’s Next for the Federal Home Loan Banks?

Guest Opinion: What’s Next for the Federal Home Loan Banks?

by Sandra L. Thompson | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandra L. Thompson is director of the Federal Housing Finance Agency (FHFA). This article is excerpted and edited from written testimony delivered before a recent hearing conducted by the U.S. Senate Committee on Banking, Housing and Urban Affairs.  In August 2022,...
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