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Precarious spot for mobile home owners as investors swoop in

“The deal preserved as affordable housing 35 mobile homes, four cabins and an old ranch house, according to The Aspen Times” reports thebusinessjournal.com. Here’s an explanation of the situation: A PRECARIOUS POSITION Advocates say mobile homes are often necessary for people who can’t afford to buy a traditional home, especially in rural areas with fewer affordable housing options. Source: thebusinessjournal.com

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Prioritize affordable housing and robust transit as we shape Puget Sound’s future | Op-Ed

“Planning for growth allows us to be intentional about where housing and jobs are created, and where natural space is protected” writes Special To The for seattletimes.com. Growth must support a broad variety of housing options, improved transit corridors and economic diversity.Another way to improve affordability for families is to develop housing and transit closer together. Source: seattletimes.com

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Amazon’s ‘career day’ expected to draw thousands to Crystal City

“The career day, under a tent at the Grounds in Crystal City, is the first of its kind for the company, Amazon said” writes Patricia Sullivan for washingtonpost.com. Thousands of job-seekers are expected to swarm the site of Amazon’s future headquarters at a “career day” in Crystal City on Tuesday, as the online retail giant begins to accelerate its hiring and presence in Northern Virginia.About 170 new jobs are open, and more openings are being added every day to reach Amazon’s goal of hiring 400 people in Arlington by the end of…

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Tahya Misr aims to find radical solutions to problems of underprivileged segments: Deputy Director of Projects

“This was accomplished through the demolition of these informal housing areas and constructing an integrated residential city” writes Tamer Farhat for dailynewssegypt.com. Daily News Egypt interviewed the Deputy Director of the Tahya Misr Fund’s Projects, Shady Salem, to learn about the fund’s philosophy and its future projects.It was built on an area of 203 feddan, including 429 buildings which comprises of 18,276 housing units and 281 commercial units for 80,000 citizens.A total of 775 housing units were established, in addition to 48 commercial units, with funding of EGP 91m.The Egyptian…

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FHFA says Fannie and Freddie must direct over one-third of multifamily loans towards affordable housing

“The Federal Housing Finance Agency will increase caps on the amount of multifamily loans Fannie Mae and Freddie Mac can purchase next year while also closing some loopholes” writes Jacob Passy for marketwatch.com. Furthermore, the new lending caps eliminate exclusions that allowed Fannie and Freddie to purchase loans in excess of the limits previously in place.Between 2015 and 2017, Fannie and Freddie’s share of new multifamily loans increased from 36% in 2015 to 49% in 2017, the FHFA said.Beyond expanding the size of the caps, the FHFA also made other…

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Onyx Developments launches EGP 250m residential project in Maadi by year-end

“Mohamed Fouad, sales manager at Onyx Development said that the company has completed the procedures of building permits for a residential project in Maadi with an EGP 250m estimated investment” writes Shaimaa Al-aees for dailynewssegypt.com. Additionally, the company will launch a new administrative and commercial mall project in Maadi with an estimated investment of EGP 40m.The company has completed marketing 40% of the project and plans to complete the marketing throughout the current year, he disclosed.Fouad added that the company intends to launch the project by the end of the…

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Two-thirds of California college students struggle with costs and work-school balance, survey finds

“Overall, 64% of students said their success is obstructed either by college costs (33%) and the struggle of balancing school and work (31%)” writes Teresa Watanabe Covers for latimes.com. But students with dependents said they spend almost twice as much, with higher costs also reported by students older than 25.Nearly two-thirds of California students say their biggest obstacle to succeeding in college are costs, including tuition and living expenses, and juggling work with school, according to a survey released Thursday by the California Student Aid Commission. Source: latimes.com

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Overhaul Fannie and Freddie or we will act, Trump administration tells Congress

“WASHINGTON (Reuters) – The Trump administration will pursue the reform of mortgage giants Fannie Mae and Freddie Mac , the guarantors of over half the nation’s mortgages, if Congress fails to act, officials told Congress on Tuesday” writes Midwest Communications Inc for 95kqds.com. Fannie preferred shares were last up 0.6% on the day while Freddie preferred shares were up 1.6%. Fannie Mae common shares were last down 4% while Freddie Mac common shares were down 4.6%.While reiterating that legislation to overhaul the entire system would be ideal, the officials insisted…

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There actually is a bipartisan opening on affordable housing

“But right now, there is cross-ideological agreement that local zoning and regulatory restrictions are a significant barrier to building more affordable housing, and creating more housing density” reports washingtonexaminer.com. Booker, in his own housing proposal, linked to the report, lamenting that, “Across the country, cities and towns implement land-use restrictions that make it harder and more expensive to build new affordable housing.The cost of renting apartments and purchasing homes has risen dramatically in the past several decades, and on the surface, addressing the issue of affordable housing would seem to…

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