Washington Post, May 24, 2021–Greg JaffeCongress approved about $5 billion in rental and utility assistance in the spring 2020. More recently, Congress added another $46.5 billion in rental assistance–a sum …
Group Newslink: MBA Commercial/Multifamily NewsLink May 27
‘There Is a Little Light, Finally’: New York Hoteliers on Recovery
New York magazine, May 24, 2021–John SuricoFour New York hoteliers weigh in on how the pandemic affected their industry.https://www.curbed.com/2021/05/new-york-hoteliers-on-the-future-of-the-hotel-industry.html
Two Connecticut Men Arrested for Multifamily Mortgage Scam
Mortgage Professional America, May 24, 2021–Candyd MendozaAccording to court documents, they allegedly defrauded CBRE Capital Markets and Freddie Mac by acquiring a mortgage loan through an entity known as 16 …
Banks Experiment with Tying Executive Pay to Diversity Goals
American Banker, May 24, 2021–Laura Alix (subscription)Last year, many banks made big, splashy pledges to advance racial equity. Now some of those banks are seeking to hold executives accountable for …
Mega Landlords Are Snapping Up Zillow Homes Before the Public Can See Them
Bloomberg, May 21, 2021–Patrick ClarkHot housing market drives alliance with real estate tech firms as landlords flush with cash tap iBuyers to find properties.https://www.bloomberg.com/news/articles/2021-05-21/mega-landlords-are-snapping-up-zillow-homes-before-the-public-can-see-them?srnd=premium
Biden Targets Housing Rules That Hurt Low-Income Earners. Will the Suburbs Buy In?
Los Angeles Times, May 21, 2021–Erin B. LoganThe enduring image of the American Dream is owning a tidy single-family house in the suburbs. But for many people of color and …