BC Housing’s Post

Many older home owners would like to "right size" into a smaller more manageable property, freeing up much needed larger homes for families. The issue is not just that there isn't enough new appropriate properties for older home owners, but many are not in the right locations either where people want to remain (to be close to friends or family etc.) UK needs to build more appropriate homes for older borrowers, in more locations to truly unlock the larger homes still owned by empty heaters https://lnkd.in/eKduSsBC #propertyinvestment #housingchallenges #HousingMarket #ukhouseprices #planningpermission YOUR HOME OR OTHER PROPERTY CAN BE REPOSSESSED IF YOU FAIL TO KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.

🏠 We're committed to addressing the crucial need for affordable, decent housing in the Greater Hartford Community. Our homeownership program is specially designed for families who don't qualify for conventional mortgages. 📈 Previously focusing on the number of homes built, HFHNCC has evolved! Since 2014, our strategic plan embraces a "Families Served" model. This approach not only counts the homes we construct but also emphasizes the number of families we impact, enhancing our community reach.For more details, contact us at 860-541-2210 or email financialfreedom@hfhncc.org. 🔑 Unlock your path to homeownership and be a part of our community's growth! . . . #HabitatforHumanity #HFHNCC #mortgages #housing #homeownership #Hartford #homes #focus #built #qualify #families #construct #communities #served #enhance #financial #freedom #impact #growth

🏡 Affordable housing in Canada is a hot topic, and it's often a challenging game to stay ahead in. With rising interest rates and the cost of living, more people need affordable housing than ever before. 📈 But there's progress! Canada Mortgage and Housing Corporation (CMHC) released its 2023 Annual Report, revealing that 153,708 affordable housing units were delivered last year—far surpassing the target of 120,000 units! 🎉🏠 Finding affordable housing is crucial whether you’re a newcomer, a young adult, or a lifelong Canadian. If you want assistance or to explore your options in this competitive market, I'm here to help! 🤝 Read More: https://bit.ly/3wRnYam #AffordableHousing #CMHC #HousingCrisis #RealEstateCanada #HousingForAll #CanadaHousing #RealEstateNews #HousingMarket #TarahFrig #InvestLeduc #GrayHairedEdmontonRealtor #MasterfulMove

🏡 Affordable housing in Canada is a hot topic, and it's often a challenging game to stay ahead in. With rising interest rates and the cost of living, more people need affordable housing than ever before. 📈 But there's progress! Canada Mortgage and Housing Corporation (CMHC) released its 2023 Annual Report, revealing that 153,708 affordable housing units were delivered last year—far surpassing the target of 120,000 units! 🎉🏠 Finding affordable housing is crucial whether you’re a newcomer, a young adult, or a lifelong Canadian. If you want assistance or to explore your options in this competitive market, I'm here to help! 🤝 Read More: https://lnkd.in/giPTPGfj #AffordableHousing #CMHC #HousingCrisis #RealEstateCanada #HousingForAll #CanadaHousing #RealEstateNews #HousingMarket #TarahFrig #InvestLeduc #GrayHairedEdmontonRealtor #MasterfulMove

Government-backed mortgage programs serve as a cornerstone for fostering homeownership among low to moderate-income individuals, addressing the financial challenges that often act as barriers to property ownership. These initiatives, such as FHA, VA, and USDA loans, provide a lifeline by offering more lenient credit requirements and lower down payment options. This not only opens doors for a diverse demographic to enter the real estate market but also promotes socioeconomic equity. Moreover, these programs contribute significantly to community development by stabilizing neighborhoods and boosting local economies. When individuals from diverse income brackets can access affordable housing options, it enhances the overall well-being of communities #theonesource #onekeymls #nyrealestate#nyrealtors #realestateadvice #realestatetips#longislandrealestate #nyhomes#nycrealestate #homeownership#housingmarket #askarealtor#realestatemarket #buyingahome#firsttimehomebuyer #homeselling #homeforsale #emptynest #dogfriendly #property #home #selling #foreclosure #home #SuffolkCountyRealEstate #MarketTrends #BuyersAndSellers #LadyAegisRealtyCorp #RonyPrincivilRealtor #NassauCountyRealEstate

The past year has brought significant shocks to the housing market in Hawai‘i. In 2023, only one in five local households could afford a mortgage on the median-priced single-family home in the state. High interest rates make it difficult to finance a home purchase, difficult for developers to finance new construction, and disrupts the filtering process as homeowners are reluctant to trade up and forfeit their existing low mortgage rates. The consequences of unaffordable housing continue to show up in out-migration, homelessness, and more families being priced out of the local market. https://lnkd.in/e-kMQNkB

Government-backed mortgage programs serve as a cornerstone for fostering homeownership among low to moderate-income individuals, addressing the financial challenges that often act as barriers to property ownership. These initiatives, such as FHA, VA, and USDA loans, provide a lifeline by offering more lenient credit requirements and lower down payment options. This not only opens doors for a diverse demographic to enter the real estate market but also promotes socioeconomic equity. Moreover, these programs contribute significantly to community development by stabilizing neighborhoods and boosting local economies. When individuals from diverse income brackets can access affordable housing options, it enhances the overall well-being of communities #theonesource #onekeymls #nyrealestate#nyrealtors #realestateadvice #realestatetips#longislandrealestate #nyhomes#nycrealestate #homeownership#housingmarket #askarealtor#realestatemarket #buyingahome#firsttimehomebuyer #homeselling #homeforsale #emptynest #dogfriendly #property #home #selling #foreclosure #home #SuffolkCountyRealEstate #MarketTrends #BuyersAndSellers #LadyAegisRealtyCorp #RonyPrincivilRealtor #NassauCountyRealEstate

Did you know? Things that have been passed by the administration that you may not know. Section 8 vouchers now can buy section 8 houses with no money down and offer up to 115% of list price. While continuing to get their voucher to pay for their mortgage. At fixed 4-5% 30 year rate. As info a veteran right now is at 6.5%. HCV Homeownership Program Program Overview EPC Program Overview The Housing Choice Voucher (HCV) homeownership program allows families that are assisted under the HCV program to use their voucher to buy a home and receive monthly assistance in meeting homeownership expenses. The program is limited to first-time homeowners who have received housing counseling and meet the minimum income requirements. All Public Housing Authorities that administer the HCV program have the option to establish an HCV homeownership program in their community.

In a significant development for Native American housing, the U.S. Department of Housing and Urban Development recently announced updates to the Section 184 Indian Housing Loan Guarantee Program. These updates, which increase lender participation and introduce stronger regulations, were unveiled by HUD's Principal Deputy Assistant Secretary, Richard Monocchio, during his meetings with tribal leaders across Oklahoma. This enhancement aims to provide more Native American families with the opportunity to own homes, thus supporting wealth-building in Indian Country. The revised regulations make the program more transparent and predictable, contributing to broader access to mortgage capital for Native American homebuyers. Learn more about how these changes can impact potential homebuyers and communities at the upcoming 2024 NAIHC Annual Convention, where housing leaders will discuss the future of tribal housing development. 🔗 https://lnkd.in/gqx2PrZH #section184 #nativehomeownership #hudupdates #tribalhousing #NAIHC #housingdevelopment

great to see the NSW Government is taking serious steps to enable more housing. One part of their proposal that caught my eye is their targets for housing supply, which work out at about 2-3% p.a. In my experience, Councils in Australia and New Zealand systematically underestimate the demand for housing, which flows through to insufficient zoned capacity, inadequate infrastructure planning, and higher costs (prices and rents). Auckland Council's recent housing demand assessment, for example, seems to underestimate growth in housing demand by about 2-3 times (~0.9% p.a versus 2-3% p.a.) because it fails to account for: 1) income growth, which can easily add up to 1% p.a. to housing demand, and 2) falling household size, which is hard to quantify but can add another 0.25% p.a. I know the NSW Government has been learning from New Zealand's experience, although perhaps there's now an opportunity for the information to flow back across the Tasman Sea to Aotearoa?!?