A new article from NBC News explores how consumer spending has changed since March with the COVID-19 onset. Of note is new data from realtor.com showing prospective homeowners are more inclined to leave cities and urban areas for rural ones.
A bill to aid in California’s affordable housing crisis has been introduced in the state Senate. Senate Bill 899 (SB899) allows affordable housing construction on land owned by churches, synagogues, mosques and other faith-based institutions.
West Sacramento, Calif. —The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded Rural Community Assistance Corporation (RCAC) $3.75 million through its Capital Magnet Fund (CMF). RCAC is among 38 organizations that received a CMF award.
Oregon state economist Josh Lehner published a report on the last day of 2019 titled “Economic Trends of the 2010s.” In the report, he concluded that housing construction during the last decade reached a record low despite the state’s prevalent housing shortage.
The Affordable Housing Finance editorial advisory board recently weighed in on major factors that are likely to influence the industry in 2020. They cited five key indicators to watch in the coming year …