Skip to main content

New Proposal Envisions 1M New Homes in Five Years

Phil Hall
Jul 26, 2018
Ed Brady, a Bloomington, Ill.-based builder and developer who served as the 2016 Chairman of the National Association of Home Builders (NAHB), has been named President and CEO of the Home Builders Institute (HBI), the non-profit Ed Brady, a Bloomington, I

The Center for American Progress, a liberal think-tank, has put forth a proposal designed to construct one million new affordable homes over the next five years.
The program, dubbed Homes for All, would be financed by the federal government with direct capital grants, with construction taking place on either publicly-owned land or, according to the center, “otherwise on acquired sites that will be converted into community land trusts.” The homes would be available to a mix of incomes and, where applicable, will be part of transit-oriented developments within metropolitan areas. The properties will also feature mixed-use designs to encourage commercial businesses at ground floor levels, and the developments will either be managed by non-profits or community land trusts.
“More than a third of Americans rent, and housing affordability is key to economic stability,” said Michela Zonta, Senior Policy Analyst for Housing and Consumer Finance Policy at the Center for American Progress and the author of the Homes for All proposal. “But sluggish wages, inadequate production of rental homes, and greater rental demand has placed a squeeze on millions of American renters. Existing federal programs designed to serve moderate- and low-income renters have not been sufficient, and the private housing market has failed to meet the needs of renters. Homes for All is a new approach to the design, construction, and management of housing units that will help fill the massive affordable housing gap.”

Jul 26, 2018
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021