What Trump’s tax cuts mean for affordable housing deals

One of President Donald Trump’s priorities, tax reform, could threaten the affordable housing industry as fewer investors may be enticed to fund projects. Developers said investors are valuing the tax credit 10% to 20% lower since Election Day. The reduction in the credit’s value is already likely to cause a drop of about $1 billion in equity investment for the year.
Source: Housing Wire

Ben Carson promises to take care of housing’s most vulnerable

After President Donald Trump announced his budget proposal which would slash funding for the U.S. Department of Housing and Urban Development by $6.2 billion, HUD Secretary Ben Carson voiced his support of the action. However, Carson promised in an interview with Fox News this new funding cut would not hinder the department’s purpose, and that the most vulnerable will be taken care of.
Source: Housing Wire

New Louisiana program to help 2016 flood victims find a home

Louisiana Housing Heroes, a new initiative from the state’s governor, the U.S. Department of Housing and Urban Development and Louisiana Housing Corp., seeks to help victims of 2016’s floods find affordable rental housing. The state’s governor asks all owners and managers of rental housing to help citizens who were displaced.
Source: Housing Wire

Former HUD senior advisor Richard Green: Here are the issues with Trump's budget

Late last week, Julián Castro, who served as secretary of the Department of Housing and Urban Development from 2014 to 2017 under former President Barack Obama, told HousingWire that he has several issues with President Donald Trump’s budget proposal, which calls for a $6.2 billion cut to HUD’s budget. But Castro isn’t the only former HUD official to express concerns with Trump’s budget.


Source: Housing Wire

What lenders are missing when it comes to mobile technology

The majority of homebuyers, especially Millennials, do extensive research online and on their mobile devices before making any purchase — especially for something as large as a home. While many lenders are jumping on the trend to incorporate technology into their customer experience, they are often ignoring the reasons why the technology matters. Here are five reasons why mobile technology should be key to every lender’s strategy.
Source: Housing Wire