News | Housing Leadership Council

Metropolitan Delinquency and Foreclosure Data, March 2011

August 16, 2011 by Housing Leadership Council

Source: Foreclosure Response.org

What: Foreclosure-Response.org’s newest serious delinquency data and analysis from March 2011

When: Released today Tuesday, August 16, 2011

Where: Foreclosure-Response.org

The three co-creators of Foreclosure-Response.org — Local Initiatives Support Corporation, Urban Institute and the Center for Housing Policy — have compiled the newest data from March 2011 on seriously delinquent mortgages for all 366 U.S. metro areas. The data and accompanying analyses are released today, August 16, 2011 and are available at Foreclosure-Response.org.

The new data are the latest in a series of quarterly data, released by the Foreclosure-Response.org team first in late 2010, that provided the first-ever data on serious delinquency rates for all 366 U.S. metros.

Key findings from the March data:

Although the rate of serious mortgage delinquencies has been stabilizing in the vast majority of metropolitan areas, the foreclosure rate continues to rise. On average, the serious delinquency rate (which consists of loans that are 90+ days delinquent and/or in foreclosure) is historically high but no longer rising. The continued rise in the foreclosure rate, however, indicates that properties may be lingering in foreclosure for an extended period of time and delaying recovery for both households and communities.

Since the national peak in December 2

Florida Community Loan Fund receives $1.5 million CDFI Fund Award

July 19, 2011 by Housing Leadership Council

Source: Florida Community Loan Fund

July 19, 2011

Florida Community Loan Fund receives $1.5 million

CDFI Fund Award

Capital Award will Increase Lending for Community Development Projects Across Florida.

The Florida Community Loan Fund (FCLF) has received a $1,500,000 Financial Assistance (FA) award from the Community Development Financial Institution (CDFI) Fund of the U.S. Treasury Department. The funds will allow us to provide financing to support organizations that work to create affordable housing, supportive housing, community facilities and economic development opportunities in distressed communities throughout Florida.

“FCLF was created over fifteen years ago by visionaries who recognized the need for improvement in low-income neighborhoods through Florida,” said Ignacio Esteban, Executive Director of the Florida Community Loan Fund. “The CDFI Award allows us to continue creating pathways for capital to reach the areas where it is most needed and the organizations providing on-the-ground services.”

FCLF was one of two organizations in Florida to receive funding from the CDFI Fund FA/TA program this year. Since its first award from the CDFI Fund in 1998, FCLF has secured over $6.2 million through this program, consistently ensuring this important federal resource is effectively put to work on behalf of organizations that support low- and moderate income Floridians statewide.

Since 1996 FCLF has delivered $103 million in cumulative financing through 160 loans. Our ability to leverage these dollars with other sources of private and public capital has enabled us to support over $350 million to finance a wide range of community, social and economic development projects that improve lives and create jobs.

Nationally, the CDFI Fund announced $142.3 million in Financial and Technical Assistance awards – the largest single round of monetary awards in the CDFI Fund’s history – to 155 different organizations for the FY 2011 fiscal year. Awards range in size from just over $45,000 to a maximum award size of $1.5 million. The CDFI Fund received 393 applications requesting nearly $466 million.

For more information:
About the Florida Community Loan Fund visit: http://www.fclf.org
About the CDFI Fund Awards visit: http://www.cdfifund.gov
FCLF on Facebook: http://www.facebook.com/#!/pages/Florida-Community-Loan-Fund/50514298124

About the Florida Community Loan Fund

FCLF provides flexible capital and technical assistance primarily to nonprofit organizations working in community development through its three financing programs: Community Development Loan Pool, New Markets Tax Credits, and the Florida Preservation Fund. Since it began lending in 1996, FCLF has originated more than $100 million in low-cost credit to projects sponsored by community-based nonprofit and mission-focused for-profit organizations throughout Florida and has leveraged an additional $350 million in loans and grants from various public and private sources for those projects. FCLF has a broad range of investors including most major financial institutions operating in Florida, individual investors, religious investors, national foundations and trade associations. FCLF is certified as both a Community Development Financial Institution and a Community Development Entity, and is a member of Opportunity Finance Network.

OUR VISION: Every community in Florida is productive and sustainable.
OUR MISSION: The Florida Community Loan Fund harnesses the power of financial capital and human creativity to transform lives and communities.

FCLF • Main Office: 501 N. Magnolia Avenue, Suite 100 • Orlando, FL 32801
Also serving the State with Offices in Jacksonville, Tampa, Sarasota, West Palm Beach
Email: info@fclf.org

Housing Leadership Council of Palm Beach County Announces New Executive Board of Directors

July 15, 2011 by Tina Puliese

WEST PALM BEACH, Florida—The Housing Leadership Council of Palm Beach County has announced their new Executive Board of Directors.

Lucy Carr, who has been serving as Vice-Chair for the past year was elected as Chair of the Executive Board. Ms. Carr, who is the Assistant Vice President of Community Development for PNC Bank, has served as a board member of the Housing Leadership Council for 5 years.

Ramon Rodriguez, who works in Community Development at Citi Bank, was elected as Vice-Chair and served on the HLC Board for 3 years.

Robert Wechsler has served on the HLC Board for the past 3 years and has been re-elected as the Treasurer.

Christina Pearce, a Commercial Realtor, has served on the HLC Executive Board as a member at large and has been elected to the seat of Secretary.

Jim Walker, the newest member, is an employee for the Florida Community Loan Fund, and has been elected as Executive Board Member at large.

Skip Miller who has served the Housing Leadership Council for over 5 years will stay on as a member of the Executive BOD as past Chairman. Mr. Miller, an attorney at Ruden McClosky, served as Chair for the HLC Executive Board for the past two years.

Double-digit rent hikes are on the way

January 13, 2011 by Housing Leadership Council

Source: MarketWatch

Apartment dwellers could be facing double-digit rent increases in the coming years as a shortage of new multifamily units coupled with a rise in prime renter-age households gives landlords clout they haven’t seen since the mid-1990s, development experts said Thursday.