article thumbnail

Communities Work to Create Lasting Affordability Through Local Development

Propmodo

In many of the country’s largest cities, like New York City and Philadelphia, neighborhoods that were once affordable became increasingly unaffordable as development and an influx of new residents sent property values soaring. CBDOs are defined as non-profit organizations that work on community development projects in a specific area.

article thumbnail

Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Figure names Michael Tannenbaum as CEO

Housing Wire

With its proven ability to develop cutting-edge technological solutions to streamline the HELOC lending process, Figure has cemented itself as one of the most exciting companies in fintech ,” Tannenbaum said in a statement. Tannenbaum will also be a member of the board of directors. He is still on that company’s board of directors.

Lending 379
article thumbnail

HUD aims to help protect communities from extreme heat

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday announced new initiatives to bolster community protections against severe heat, an issue that has become more common nationwide. HUD also shared two new technical assistance products. HUD will also hold a specialized stakeholder briefing about extreme heat on May 23. “At

article thumbnail

Michigan attorney general reissues reverse mortgage consumer alert

Housing Wire

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

Mortgages 399
article thumbnail

HUD announces new aid for Maui, Native Hawaiians

Housing Wire

Department of Housing and Urban Development (HUD) announced a series of new relief measures for residents of the state of Hawaii. The announcement was made by Marion McFadden, HUD principal deputy assistant secretary for community planning and development, as she was touring the island of Maui. HUD awarded $6.9 HUD awarded $6.9

Principal 384
article thumbnail

Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point. is a software development company that offers a digital loan origination system and POS for the mortgage industry. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgages 405