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Home prices are surging in South Florida — and there’s no end in sight
By David Lyons | South Florida Sun Sentinel Feb 23, 2021 Homebuyers saw home prices exceeding 10% or more across South Florida during the first year of the COVID-19 pandemic, as interest rates hit new lows and the numbers of houses for sale sharply dropped off. The monthslong, rock-bottom interest rates coupled with the heavy…
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If ‘Housing Is a Right,’ How Do We Make It Happen?
By Eva Rosen | The New York Times | Feb. 17, 2021 Dr. Rosen has been conducting in-person research on the housing market in poor neighborhoods in Baltimore for more than 10 years. Her book, “The Voucher Promise: ‘Section 8’ and the Fate of an American Neighborhood,” tells that story. “Housing is a right in…
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Freddie Mac Investigates the Homeownership Gap
Freddie Mac’s Equality in Housing mission is to expand homeownership opportunities and to access affordable housing for underrepresented borrowers, especially communities of color. During the Great Recession and the subprime lending crisis, Black and Hispanic homeowners were disproportionately affected by foreclosures and the tighter lending standards. New HMDA-reported mortgage originations to Black and Hispanic borrowers…
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Florida study: $5 billion return on $423 million affordable housing investment
By John Haughey | The Center Square Feb 2, 2021 Gov. Ron DeSantis’ proposed $96.6 billion Fiscal Year 2022 (FY22) budget recommendation fully funds affordable housing programs at $423.3 million, which a study released Tuesday maintains will generate $5 billion in economic benefits statewide. “An Economic Analysis of the Florida Housing Programs,” produced by the…
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When $25B won’t make a dent…
U.S. Renters Could Owe $70 Billion By January, when the federal eviction moratorium expires, 11.4 million households in the U.S. might be more than three months behind in their rent, or $6,000 each. By: Kriston CappsDecember 10, 2020, 11:36 AM Between past due rent, late fees and unpaid utility bills, Americans may collectively owe $70…
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‘The pandemic should be a wake-up call’: Neighborhoods that were redlined are more vulnerable to COVID-19, research suggests
Published: Sept. 15, 2020 at 3:28 p.m. ETBy Jacob Passy Neighborhoods that were historically barred from mortgage lending continue to see a greater prevalence of chronic diseases, leaving residents more vulnerable to complications from COVID-19. The legacy of redlining lives on today in terms racial disparities in wealth and education. And now with the coronavirus pandemic ravaging…
