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Land banks’ adaptability yields results for communities tackling vacant and problem properties, according to report
Source: Center for Community Progress WASHINGTON, D.C. – An estimated 120 land banks exist in the United States, and their ability to adapt to local conditions and needs is helping communities, large and small, address the negative impacts of vacant, abandoned, and tax-delinquent properties, according to Take it to the Bank: How Land Banks Are…
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South Florida home price gains second highest in nation
Source: Palm Beach Post Home prices in South Florida were up 11 percent in July compared to the same time in 2013, the second highest gain in the nation, according to the S&P/Case-Shiller Home Price Index. Read more…
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Fewer than 250 senior homeowners approved for reverse mortgage help
Source: Palm Beach Post Fewer than 250 of Florida’s senior homeowners have been approved for a reverse mortgage assistance program since the debut of the $25 million plan in November as officials work to increase awareness and help with applications. Read more…
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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…
