Finance of America has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates.
Top banks in the mortgage space have relied on a similar playbook for years, but they say they could become more aggressive if upcoming changes to capital rules provide more flexibility.
Small wins on impact fees occasionally occur in costly U.S. housing markets. Teton County, Wyoming, officials agreed last week to refund a $24,325 “affordable workforce housing” fee that a homeowner had to pay to obtain a permit to build a single-family home. The payment settles a lawsuit the homeowner filed last year in a Wyoming […]
Financing affordable housing development – typically for lower-income households – is one of the most challenging matters in real estate. Making the economics work on a deal requires layered “hard and soft” funding sources as developers navigate rising costs, policy instability, and structural gaps in the subsidy system. The process is so complicated that professionals […]