Affordable housing

A new, affordable, two-family home will be built in Central Falls, R.I., replacing a blighted six-unit multifamily property that has been demolished.

Workers across Washington and the Seattle area finally got a good pay hike last year, and yet it didn't amount to much compared with the state's soaring cost of housing, which led the nation last year.

The Federal Housing Finance Agency made just incremental changes to two of the seven affordable housing benchmarks.

Both parties appear interested in a deal on housing finance reform, but tough fights are ahead.

A proposed ordinance in one California city would require developers planning residential projects costing $100,000 or more to pay an affordable housing impact fee.

Guarantors may be the most glaring omission in the glitzy city lifestyle captured by popular sitcoms.

Affordable housing shortages and declining loan volumes are making it difficult for banks to originate enough mortgages to meet their Community Reinvestment Act obligations, which could make filling shortfalls with loans from nonbanks more expensive.

Comerica Bank will invest up to $5 million in Detroit Home Mortgage, which provides second mortgages to buyers so they can get past the city's appraisal gap problem.

Odd though it may seem, Los Angeles is too lucky for its own good.

An Ames family will finally be able to call themselves homeowners, thanks to Habitat for Humanity of Central Iowa and a $50,000 grant from the Iowa Finance Authority Board of Directors.