The Trump Administration yesterday abruptly terminated the Obama-era Affirmatively Furthering Fair Housing rule, replacing it with a new rule that HUD Secretary Ben Carson said would ease burdens for local communities dealing with fair housing.
Tag: Opportunity Zones
Dealmaker: Canyon Partners, American Capital Group to Build Seattle-Area Multifamily
Canyon Partners Real Estate LLC and American Capital Group announced a joint venture to develop Kinect @ Lynnwood, a 239-unit apartment community in suburban Seattle.
Pre-COVID-19, Opportunity Zones See Strong Home Price Growth
ATTOM Data Solutions, Irvine, Calif., said more than two-thirds of homes in government-designated “Opportunity Zones” saw positive price growth in the first quarter—that is, before the economic effects of the coronavirus took effect.
ATTOM: Home Prices in Opportunity Zones See Annual Increases
ATTOM Data Solutions, Irvine, Calif., said nearly half of Opportunity Zones saw median home prices rise more than the national increase of 9.4 percent from fourth quarter 2018 to fourth quarter 2019.
Residential Briefs
The Federal Housing Finance Agency will extend, from Dec. 19 to Jan. 21, 2020, the deadline for interested parties to provide input on potential changes to Fannie Mae and Freddie Mac Uniform Mortgage-Backed Security pooling practices.
November Housing Report: Most Expensive Zip Codes; Opportunity Zone Price Bump; Millennial Commutes Increase
At $7 million, Atherton, Calif.’s 94027 is the most expensive zip code for the third year in a row, according to an annual report from PropertyShark, New York.