Alabama HOME, QAP and Housing Trust Fund Hearing
The public hearing will be held on Thursday, June 27, 2019, at 10 am, CDT, at the Hampton Inn & Suites Hotel, located at 7651 Eastchase Parkway, Montgomery, Alabama, 36117.
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Economic and Fixed Income Insights, June 11, 2019
The Mortgage Bankers Association reported a 26.8 percent increase in mortgage applications last week, led by a surge of refinancing activity. The increase in mortgage volume comes as rates have dropped to 2-year lows on trade and bearish talk from the Federal Reserve. In the latest economic news, inflation remains tepid with the Consumer Price Index up just 0.01 percent in May, according to the Bureau of Labor Statistics.
Read MoreEconomic and Fixed Income Insights, June 4, 2019
On June 3, St. Louis Federal Reserve Bank President James Bullard said that unresolved trade disputes and below-target inflation “suggest that the central bank needs to tread carefully in order to help sustain the economic expansion” and indicated that a rate cut could be warranted.
Read MoreCalifornia Legislature Approves Creation of Housing Alliance for the Bay Area
The California State Assembly approved Assembly Bill 1487,that would authorize the creation of the Housing Alliance for the Bay Area, tasked with raising public funds and providing technical assistance to create and preserve affordable homes and offer tenant protections across the region.
Read MoreMinnesota Invests 108.6 Million into Housing
During the 2019 legislative session the state of Minnesota allocated $180.6 million towards building and preserving homes, increasing home stability and strengthening homeownership around the state.
Read MoreBoston Housing Authority First to Voluntarily Adopt SAFMRS
The Boston Housing Authority will become the first in the nation to voluntarily adopt small area fair market rents (SAFMRs). Doing so would link the value of a housing voucher to rent levels by ZIP code rather than to rent levels for the housing market overall, meaning that people with vouchers may have greater access to higher-cost neighborhoods.
Read MoreFed Report on Economic Well-Being: Only 61 Percent Able to Cover $400 Unexpected Expense
The Board of Governors of the Federal Reserve System has released its Report on the Economic Well-Being of U.S. Households in 2018. It shows that three percent of renters were evicted or moved because of the threat of eviction in the prior two years. It also shows that over half of U.S. renters needed a repair to their homes at some point in the prior year, and 15 percent of renters had moderate or substantial difficulty getting their landlord to complete the repair.
Read MoreEconomic and Fixed Income Insights, May 29, 2019
US home price gains in 20 cities decelerated in March for a 12th straight month. The S&P CoreLogic Case-Shiller index of property values increased 2.7 percent from a year earlier, the slowest pace since August 2012. Treasuries have rallied as intensifying trade rhetoric from China has investors seeking safety.
Read MoreReports and Policy Recommendations on Housing Needs in SoCal Counties
The California Housing Partnership released new reports in collaboration with local and regional housing organizations that document the deteriorating conditions facing low-income renters in five Southern California counties: Los Angeles, Orange, Riverside, San Bernardino and San Diego. The reports offers policy recommendations for state, local and regional leaders…
Read MoreColorado Governor Finalizes Increase to State Affordable Housing Tax Credit
On May 17, Colorado Governor Jared Polis (D) signed HB19-1228 into law. The bill increases the amount of state Affordable Housing Tax Credits available for annual allocation by the Colorado Housing and Finance Authority from $5 million to $10 million for 2020-2024.
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