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Homeowners suffer as loan modification wait time lags
Source: Palm Beach Post Hundreds of thousands of homeowners nationwide are waiting too long for loan modifications to be processed, leaving them in a financial limbo that can last up to a year, according to a federal report released Wednesday. Read more…
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The Economic Impact of the LIHTC
Source: Affordable Housing Finance The low-income housing tax credit program supports nearly 96,000 jobs each year, according to revised industry estimates from the National Association of Home Builders (NAHB). NAHB updated its economic impact model of home building, which indicates that for every 1,000 rental apartments developed approximately 1,130 jobs are supported for a year.…
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Florida program for distressed homeowners taking applications
Source: Palm Beach Post Florida’s landmark mortgage reduction program that offers up to $50,000 to pay down homeowner debt will reopen this week for applications after just 2,400 borrowers have been accepted since the plan’s launch in the fall. Read more…
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Overhaul Bill Criticized For Ending Affordable Housing Goals
Source: NPR There’s a fight in Washington over the future of homeownership in America. At issue is a bipartisan bill to dramatically reshape the housing finance industry — the industry that was at the heart of the financial crisis. It’s also an industry that’s at the heart of the American dream — and the bill…
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62 percent of South Florida homes unaffordable
Source: Palm Beach Post South Florida homebuyers are having a tougher time finding homes to fit their budget, according to a new study that determined 62 percent of homes in the region are unaffordable to people earning the area median income. Read more…
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Housing Leadership Council Participating in the #Great Give Palm Beach County on May 6th
What is it? The GREAT GIVE is a 24-hour online giving event led by the Community Foundation for Palm Beach and Martin Counties, United Way of Palm Beach County, Martin County Community Foundation and United Way of Martin County designed to raise as much money as possible for local nonprofits in a single day. This…
