Affordable housing

Freddie Mac made its first equity investment into a low-income housing tax credit fund in nearly a decade, through a partnership with Enterprise Community Investment.

If California voters approve Proposition 10 in November, the ramifications will be felt on the state's affordable housing, according to the Mortgage Bankers Association.

Gov. Jerry Brown signed a bill Sunday to streamline housing development around BART stations and ease the Bay Area's epic affordable housing problem at the expense of local officials' decision-making powers over land use.

The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.

Lower corporate tax rates weakened the incentive for developers to use the Low-Income Housing Tax Credit program, which could prompt affordable housing construction to fall by as much as 40% by 2022, according to data aggregator Reis.

Advocates are seeking more federal funding for affordable housing. A federal investigation into the banks’ alleged manipulation of a popular tax-credit program can’t be helping their cause.

A former Federal Home Loan bank president argues that the system should limit its exposure to risky nonbanks.

The Bay Area's soaring housing costs are pushing poor people into neighborhoods where poverty and racial segregation are on the rise, a UC Berkeley study found.

Staggering home prices and steep tax rates are pushing people from expensive cities along the coasts to more affordable locales.

The typical homeowner spends 17.5% of their income on monthly mortgage payments, according to Zillow's second quarter affordability report.

As the demand for home rentals continues to rise, regulatory burdens could decrease the multifamily housing supply and drive up costs, witnesses said at a congressional hearing.

Mirroring a national trend of rebounding home prices and rising mortgage rates, Palm Beach County, Fla., saw housing affordability fall to a 10-year low in the second quarter.

The Bay Area continues to lead the state in shattered homeownership dreams.

The Trump administration has argued that the Affirmatively Furthering Fair Housing rule, issued in 2015, was too prescriptive.

Housing affordability has hit a 10-year low throughout most of California, new data show, as three out of four state residents can no longer afford sky-high median homes prices.

Multiple agencies are looking into its purchase of certain credits tied to low-income housing developments, the bank said in a securities filing Friday.

Earlier this year the Legislature appropriated $200 million to help finance new affordable rental housing. Now a state-led panel advises that an additional $1 billion should follow over the next decade to further address Hawaii's shortage of affordable apartments.

With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior.

Michael Bright co-wrote a paper in 2016 that envisioned making the agency a backstop for the housing finance system, but appeared to distance himself from the proposal at his confirmation hearing.

The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation.