Photo by: Jeramey Jannene
Strategizing Affordable Housing Development
NHC Open House Blog
December 18, 2013
Robert Hickey of Center for Housing Policy discusses his perspective of implementing Land Value Capture (LVC) to create affordable housing. While researching the data that culminated into the report “After the Downturn,” Hickey found that most inclusionary housing policies throughout the country are based on LVC, a practice that increases the property value by funding improvements. Success has been found by linking upzoning (property that is rezoned from residential to higher density development) to the jurisdiction’s requirements for affordable housing and including developer incentives. More...
2013 Performance and Accountability Report
Federal Housing Finance Agency
December 17, 2013
The Federal Housing Finance Agency (FHFA) has published its 2013 Performance and Accountability Report (PAR). The annual report is an analysis of its oversight of Government-Sponsored Enterprises (GSE’s), which include Fannie Mae, Freddie Mac and the Federal Home Loan Bank System. Several encouraging items were reported, including that GSE’s generated positive income for first time since 2006 and have paid $146.6 billion to the U.S. Treasury. More…
HUD Passes Revised 'Qualified Mortgage' Definition
HUD Press Release
December 12, 2013
The U.S. Department of Housing and Urban Development (HUD) passed a final rule for the ‘Qualified Mortgage (QM)’ definition which will affect mortgages beginning on and after January 10, 2014. The new rule dictates that mortgage loans must: “require periodic payments without risky features, have terms not to exceed 30 years, limit upfront points and fees to no more than three percent with adjustments to facilitate smaller loans (except for Title I, Title II Manufactured Housing, Section 184,Section 184A loans and others…), and be insured or guaranteed by [Federal Housing Administration] FHA or HUD.” More…
BHC News, Winter Edition, Now Available
December 11, 2013
The 2013 winter edition of the Broward Housing Council’s Quarterly Newsletter has just been published and is available free of charge. This issue features articles about housing affordability, homelessness in Broward County, housing market studies and more. The newsletter is packed with valuable information for affordable housing stakeholders and the community at large. Click to read newsletter and subscribe to stay informed.
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