The Housing Choice Voucher homeownership program could help reduce the racial homeownership gap in the U.S., allowing households with a voucher to use it for mortgage payments rather than rent, advancing homeownership opportunities for Black non-Hispanic households.
Read More »Guild Mortgage Introduces 1% Down Payment Program
In today’s real estate market, every dollar counts, especially for low- to moderate-income homebuyers. Guild Mortgage’s new product buys down the mortgage interest rate for the first year and only requires a 1% down payment.
Read More »Affordable Housing Shortage Most Impacting Families Earning Less Than $75K
"Middle-income buyers face the largest shortage of homes among all income groups, making it even harder for them to build wealth through homeownership," said Nadia Evangelou, NAR Senior Economist and Director of Real Estate Research.
Read More »HUD Awards More Than $22M to Expand Access to Affordable Housing
The U.S. Department of Housing and Urban Development has announced it has awarded $10 million in Rural Capacity Building grants, along with $12.5 million in grants through the Self-Help Homeownership Opportunity Program, to help expand affordable housing and homeownership nationwide.
Read More »Senators Call Upon Biden to Make Housing More Affordable
In a letter to President Joe Biden, Sen. Sherrod Brown, Chair of the Senate Banking Committee, has requested that the Administration utilize a “whole-of-government” approach to address housing affordability nationwide.
Read More »BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.
Read More »As Home Prices Slow, Affordability Remains Dismal
“Now that home prices have plateaued and even declined in some markets, buyers are faced with mortgage rates that have doubled, making home purchases even less affordable,” said Rick Sharga, EVP of Market Intelligence at ATTOM.
Read More »HUD Celebrates House America Program Success in Seattle
The Department recognizes federal, city, and county partners in the House America addressing homelessness and the affordable housing in the Emerald City.
Read More »Congressional Panel Hears Testimony on the Homeownership Gap
A recent House Financial Services Committee hearing featured testimony from a number of housing experts who weighed in on the topic housing supply shortfalls and offered possible solutions.
Read More »Homeowners Seek New Cities for Affordable Housing
The Sunbelt is attracting more homebuyers as they seek out affordable housing options, according to a report.
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