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HUD to Replace REAC Inspections With a New Protocol – NSPIRE

Filed in Multifamily by on December 26, 2019 0 Comments
HUD to Replace REAC Inspections With a New Protocol – NSPIRE

The Department of Housing and Urban Development (HUD) is overhauling its Real Estate Assessment Center physical inspection protocol due to negative press reports about substandard subsidized properties and HUD’s concerns that owners are “gaming the system” to make minimal repairs to pass inspections.

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IRS and Treasury Finalize Opportunity Zone Regulations

Filed in Codes and Regulations, Multifamily by on December 20, 2019 0 Comments
IRS and Treasury Finalize Opportunity Zone Regulations

The Internal Revenue Service has issued final regulations providing details about investment in qualified opportunity zones.

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Flood Insurance, HUD, USDA and Labor Programs Extended Through Sept. 30

Filed in Capitol Hill by on December 19, 2019 0 Comments
Flood Insurance, HUD, USDA and Labor Programs Extended Through Sept. 30

Congress approves spending bills that will keep the National Flood Insurance Program and key HUD and USDA programs funded through Sept. 30, 2020.

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FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

Filed in Codes and Regulations, Housing Finance by on December 16, 2019 0 Comments
FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

On Dec. 12, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act that have not been substantively updated for nearly 25 years.

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Senate Ratifies USMCA Trade Pact

Filed in Capitol Hill, Trade by on December 10, 2019 1 Comment
Senate Ratifies USMCA Trade Pact

In a step forward to address the nation’s growing housing affordability crisis, the Senate voted on Jan. 16 to ratify the U.S.-Mexico-Canada Agreement (USMCA). The House ratified the trade agreement in December.

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FHA Loan Limits to Rise in 2020

Filed in Housing Finance by on December 4, 2019 2 Comments
FHA Loan Limits to Rise in 2020

The Federal Housing Administration (FHA) has announced its loan limits for 2020. The nationwide rise in median home prices indicates most buyers across the country will see increases.

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Setting the Facts Straight on a ‘Tidal Wave’ of Boomer Homes to Hit the Market by 2037

Filed in Economics, Housing Trends by on November 26, 2019 2 Comments
Setting the Facts Straight on a ‘Tidal Wave’ of Boomer Homes to Hit the Market by 2037

A recent Wall Street Journal story that was picked up by Fox News ran with a sensational – and misleading – headline: “Baby boomers may put ‘tidal wave’ of 21 million homes on market – but who will buy them?”

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Fannie, Freddie Conforming Loan Limits to Top $500,000 in 2020

Filed in Housing Finance by on November 26, 2019 0 Comments
Fannie, Freddie Conforming Loan Limits to Top $500,000 in 2020

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2020 will increase to $510,400 from $484,350.

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National Flood Insurance Program Extended Through Dec. 20

Filed in Capitol Hill by on November 21, 2019 0 Comments
National Flood Insurance Program Extended Through Dec. 20

To prevent a government shutdown on Nov. 22, Congress has approved a continuing resolution that will keep the government funded for another month through Dec. 20. 

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Democratic Presidential Candidates Talk Housing Affordability

Filed in Affordability, Capitol Hill by on November 21, 2019 3 Comments
Democratic Presidential Candidates Talk Housing Affordability

Democratic presidential candidates cited the need to increase housing production to ease America’s affordability crisis during a nationally televised debate last night in Atlanta.

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