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Purvankara plans to foray into Affordable Housing
2008-08-21 07:11:00 Bangalore-based developer, Purvankara Projects has announced its foray into the affordable segment in an effort to beat the property sector slump. The company will launch these projects in two phases. In the first phase, they will develop projects in Bangalore, Chennai, Hyderabad, Coimbatore and Mysore with an investment of Rs 8, 000 crore. Purvankara will develop 64,500 homes with a total built-up area of 59.80 million sq ft in the next five years. These apartments are priced at Rs 10 lakh, Rs 15 lakh and Rs 20 lakh for one, two and three bedrooms respectively.
By: Realty Digest
Massachusetts Borrows 1.27 Billion For Housing Fund
2008-06-01 13:00:00 Ah, a government and their lust to spend money is never quenched. Facing lower property taxes and declining prices, the state of Massachusetts has proudly borrowed 1,270,000,000 dollars to buy new homes for the housing commission and update previously existing housing stock. All this for affordable housing across a state where housing is becoming more affordable ...
Ann Arbor First US City to Address Stovetop Safety in Affordable Housing Un
2008-05-29 18:53:00 Recently the City of Ann Arbor signed on with Pioneering Technology Inc, developer of the Safe-T-Element to provide safer cooking units in local affordable housing projects. The Safe-T-Element was engineered to help prevent stove top cooking fires and reduce the amount of electricity required to cook. Stove top cooking fires are the number one cause of fire in North America. The Washtenaw Affordable Housing Corporation was recently afforded a grant by the Ann Arbor Office of Community and Development for the purchase and installation of these elements. The city hopes to provide a higher standard of safety for families vulnerable to the hazards of stove top cooking. This new technology has been written into the design specifications for all affordable housing properties supported by the City of Ann Arbor and Washtenaw County. Once again, Ann Arbor tops the list of responsible and ‘energy smart’ forward thinking cities. We are proud to b...
By: Ann Arbor Talks
Indianapolis 'most affordable housing in US'
2008-05-23 02:00:00 For the 11th consecutive time, Indianapolis has been labelled the most affordable housing market in the US, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. Of houses sold in the first quarter, 90.1 per cent were affordable to families earning the area's median household income of USD 65,100 (GBP 33,000), which may also interest those looking for an investment opportunity. This is a sizable proportion compared to the nationwide results which report that only 53.8 per cent of all new and existing homes sold were affordable to those earning the national median of USD 61,500. The smaller metro market showed that Kokomo in Indianapolis outstripped all others with 95.3 per cent of homes affordable to those on median income. As customer service ratings are increasingly important in the home building sector, the publishing branch of the National Association of Home Builders has released Beyond Warranty: Building Your Referral Business to ai...
It?s become trendy to talk about affordable housing
2008-05-07 08:30:00 The property market has boomed since India eased rules on inward investment in the construction industry in early 2005, partly fuelled by pledges by foreign investors that they will pump up to $20 billion into the country. But government figures show only about $2 billion has actually been spent in the last three years. Real estate prices have cooled in the last six months. Developers had piled into the top-end of the housing market where profit margins are highest. Young people don?t have housing open to them. Developers are targeting the young workforce in a country where double-digit salary hikes are common in sectors such as real estate, information technology and financial services. What?s on the market so far isn?t satisfying demand .It was a rising market so people didn?t think. Developers have been overpaying for land, making the wrong product and not doing their research. Analysts say the strong supply of high-end apartments in many areas, including Bangalore and New Delhi,...
By: Realty Digest
SAR President Kori Wolf, Summit County Issues are affordable housing and I7
2008-05-06 17:12:00 BrokerIPTV-Mark Eibner: This is Mark Eibner with broker IPTV. I am up here with Kori Wolf, and Kori is the President of the Summit Association of Realtors. And we thought there would not be any better person to talk to...
How to Save Gas with ?Real? Affordable Housing
2008-04-30 18:18:00 When is a housing bargain not a bargain? When you add in the costs of getting from home to work, school, the stores and elsewhere. Seems logical, right? But knowing how your transportation costs can...
By: Green Options
East Haven Connecticut Housing Official Charged With Stealing $173,000
2008-04-30 16:21:00 A Connecticut Housing Official and her husband is now charged with stealing Section 8 housing money from the East Haven housing authority. The amount of 173 thousand dollars was taken through a debit card that Cassandra Ashe illegally obtained. I do hope she gets what she and her husband deserve stealing our tax money that was designated for low ...
SoWhat Affordable Housing Isn?t Going To Happen
2008-04-16 21:30:00 From the Oregonian:In 2003, when Portland city leaders brokered plans for the $2 billion South Waterfront development, they pledged that the new, taxpayer-supported district would offer housing for everyone, not just the rich.Five years later, that hasn't happened.Under the deal, work on the first affordable apartment building was scheduled to finish by December 2006.Today, construction among the district's condo towers has yet to start.The project that the Portland Development Commission hoped would break ground last fall has fallen to a scheduled summer ground-breaking. A second affordable apartment project faces big obstacles to meet its deadline, too.What's the problem?Yes, national economic forces have hit South Waterfront: Financial market contortions mean it's harder to sell low-income housing tax credits needed to build the apartments.But the PDC also ran into obstacles: a ballooning budget for an aerial tram to Oregon Health & Science University, design changes on t...
NAREDCO to Organize Conference on Affordable Housing for all
2008-04-15 08:04:00 National Real Estate Development Council(NAREDCO) the leading real estate body is organizing a National Conference on ‘Affordable Housing for All’ to be held in Capital on 21st & 22nd April 2008 as part of its 8th National Convention. The conference will be supported by Ministry of Housing and Urban Poverty Alleviation, Government of India and ...
Can We Solve the Problem of Ann Arbor Affordable Housing?
2008-02-11 02:35:00 The City of Ann Arbor is looking for viable affordable housing optionsAnn Arbor affordable housing needs provide a tough dilemma for city task masters to solve. Considering the fact that the downtown core is home to some of the most highly coveted real estate and urban developments - it seems not many options exist. This was a hot topic of conversation in a recent Ann Arbor public information meeting. How can the city create a vibrant, booming downtown core and yet still provide affordable options for workforce living? The city department of Housing and Human Services is calling on the community for help. They are seeking local opinions about these matters. Specifically whether they should recommend the creation of 100 new units in the William Street Station development, at the site of the former YMCA building or elsewhere. The board also seeks to find an answer to the areas of concentration for such units. Should they r...
By: Ann Arbor Talks
2 Billion Dollar Fund For California Workforce Housing
2008-02-05 15:32:00 The big boys are coming out to play as prices become more reasonable. Canyon Capital Realty Partners are teaming with former basketball star Magic Johnson and former California State Treasurer Phil Angelides to put together a 2 billion dollar housing fund. The target is not fancy office buildings but instead a much more mundane group, workforce ...
The Single-Family Affordable Housing Market: Trends and Innovations
2008-01-23 10:42:00 Introduction: The single-family affordable housing market, still relatively new to the banking industry, has experienced rapid growth and improved performance as the market has matured. While a few national banks entered the affordable mortgage market in the late 1980s, most established their programs after 1993.
By: Asiaing.com
Affordable Housing? Safe From The Housing Crash?
2008-01-16 08:10:00 addthis_url = 'http%3A%2F%2Floscuatroojos.com-%2F2008%2F01%2F16%2Faffordable--housing-safe-from-the-housing-c-rash%2F'; addthis_title = 'Affordable+Housing%26%238230%3-B+Safe+From+The+Housing+Crash%3-F'; addthis_pub = '';
By: Los Cuatro Ojos
NATCON 2008 emphasises need for affordable housing | INRnews
2008-01-12 09:39:00 New Delhi, India, January 12, 2008 - Shri Kamal Nath, Hon’ble Minister of Commerce & Industry and Kumari Selja - Hon’ble Minister of State, (IC), Housing and Poverty Alleviation today emphasized the need for affordable housing, while addressing Natcon 2008, CREDAI’s 7th National real estate convention. The first day of this three-day convention at Hotel Ashok, New Delhi, saw participation of more than 800 delegates from Government, Real Estate and Housing Finance Institutions. Panel discussions and debates were primarily focused on Policies & Regulatory Environment, Real Estate Indices and Developer Rating. The convention is being actively supported by the Ministry of Urban Development Government of India & Ministry of Housing and Urban Poverty Alleviation Government of India.
Affordable Housing - What Can You Afford?
2008-01-06 00:00:00 Most home buyers do not know where to begin when determining how much house is affordable.Typical wisdom begins by looking at a debt (mortgage payment, credit card debt, car payments, etc.) to income ratio of no more than 40%. Based on a monthly family income of $4,000 per month, this means your total debt ...
By: Resources zone
Affordable Housing - What Can You Afford?
2008-01-04 00:00:00 Most home buyers do not know where to begin when determining how much house is affordable.Typical wisdom begins by looking at a debt (mortgage payment, credit card debt, car payments, etc.) to income ratio of no more than 40%. Based on a monthly family income of $4,000 per month, this means your total debt ...
San Francisco?s Affordable Housing Program
2007-12-31 09:14:00 The San Francisco Redevelopment Agency has helped create thousands of units of affordable housing for people who live and work in San Francisco. The program selects specific real estate units in San Francisco, and they make it available for rent or purchase to low-income renters and homeowners, and they?re made affordable households at particular income ...
Special Affordable Housing Program!
2007-12-12 23:17:00 Down Payment and Closing Cost Funds Available - City's First-Time Homebuyer Program Has Increased Funding Level. The City of Murfreesboro through the Community Development Department offers assistance to first-time homebuyers purchasing inside the city of Murfreesboro. The program is available to households qualified as low-income based on household size as determined by HUD. The Program has a new increased funding level of up to $10,000.00 for principal reduction and/or closing cost. Most lenders are award of the program and the fact that the City's 0% second mortgage can be used with Conventional, FHA, VA, or THDA loans as approved by the lender. No monthly payments are required on the loans. They are due-on-sale of the property. For additional information contact Patty Pope at 890-4660 in the Community Development Department or go the City's web page at www.murfreesborotn.gov click on City Departments, Community Development De...
In Expensive Markets, Is $417,000 The Ideal Price Point To Sell A Home?
2007-12-06 15:58:00 The San Jose Mercury News today talks about pricing a home and the benefits of the $417,000 price point. For those who do not recognize the number, $417,000 is the limit of qualifying for a conforming loan that Freddie Mac or Fannie Mae will purchase. This limit is huge as once it is breached you ...
Neil Waugh On Affordable Housing
2007-12-02 06:52:00 "Developers packed a public hearing and told the council Pollyannas their "affordable" housing strategy is a no-go. Especially if they expect them to commit 5% of every project to multi-family projects where rent, presumably, would be capped. The same seriously flawed policy has already encountered stormy seas when property owners learned the pleasant school space in their neighbourhoods will now be jammed with low-rent condos. Edmonton Urban Development Institute director Michael Mooney said some developers might play along, but only if council slashes taxes or shrinks the size of arterial roads so developers can bring on more lots. And now the whole mess is going back to city hall's long-suffering bureaucrats for an overhaul." Read Article Here
Affordable housing will drive real estate
2007-11-07 05:26:00 Hello Friends, Just read this interesting piece of Q & A. What's your take on this?? Prem Adip Rishi, managing director of MVL Ltd, tells TOI...
Bush Says He Will Veto National Affordable Housing Trust Fund Act
2007-10-10 09:05:00 Yesterday Reuters reported: WASHINGTON (Reuters) - The Bush administration on Tuesday threatened to veto Democratic-written legislation designed to provide affordable housing for low-income families, saying it opposed the way a newly-created trust fund would be financed. While the administration said it supports helping the poor gain housing, it "strongly opposes the establishment of ...
By: HousingDoom
Green Affordable Housing
2007-09-26 06:53:00 Every time I show a “green and sustainable” house being built in the middle of nowhere or with 6,000 square feet in it, we wonder where people with normal incomes and bikes instead of cars will raise their families. Perhaps the Solar Row in Boulder, Colorado is a good example; Nine homes ranging from 1200 ...
What is Affordable Housing?
2007-09-20 20:59:00 It depends who you ask. One person’s affordable is easily another person’s outrageous. There has to be some defining level though, right? It turns out that in Columbus, Ohio, affordable housing means properties priced $125,000 and below. It’s not so much a magic number as one derived from area income and housing sales statistics and ...
"Where are they all going to live?" The Affordable Housing Market Crisis!
2007-09-14 00:00:00 The Dallas Morning News recently reported on the lack of affordable housing available in this marketplace. It is a sad state of affairs when the market gets to a point where their are plently of places for the rich to live but we forget about the majority of the population and the fact that they need quality and affordable housing. Dont get me wrong the big deals are exciting and sexy but its pathetic when our greed has so blinded us that we cannot see the writing on the walls - "They need help!!!" In all problems or even crisis times there are opportunities to create solutions that are both profitable and helpful to the community - the two are not mutually exclusive. I want to cha
VA Greens to put affordable housing on the ballot
2007-09-05 13:35:00 In an article at The Connection Newspapers there are two Green perspectives put forward. The VA Greens had gathered enough signatures to get the issue before the voters, but the County Council staff, apparently, didn't do every detail in time, and as such, the issue will not go to voters for 15 months.
Idaho Bank Foreclosures: Answer to Affordable Housing Problems
2007-08-22 15:42:00 In Idaho, the issue of affordable housing has been one of the most argued of all issues. The housing boom that yielded numerous high-end homes has created a great demand for low-priced houses. Real estate developers and home builders have taken advantage of the real estate growth a couple of years back but are now thinking twice when it comes to building new housing units. With the paltry supply of affordable homes, home buyers are checking out the potentials of Idaho bank foreclosures.
Dazzling yet affordable housing; Houston Foreclosure Homes Listings have it
2007-08-17 17:07:00 It's often said that Houston "has it all", a diverse lifestyle in an influential giant of a modern city. Houston foreclosure homes are yet another benefit for those seeking affordable homes and great investment property in this vibrant metro, which boasts it offers a cost of living among the lowest in the nation. Every day we update Texas foreclosure homes in our foreclosure listings, including those of the two global cities Houston and Dallas. Time to investigate the amazing property values now displayed in our online service.
HUD Foreclosure Transformed Into Affordable Housing
2007-08-07 22:49:00 Cong. Danny Davis, State Rep. Art Turner, and Ald. Sharon Dixon will join in the first grand opening of former Lawndale Restoration property, Gideon Homes condominiums CHICAGO, Aug. (...)
Modern Real Estate Ownership Makes Serfdom Look Like a Good Alternative
2007-08-07 15:31:00 If you work in the real estate industry you tend to stay in the echo chamber of conversations and topics. But when you get outside of it, there is a broad spectrum of beliefs that make the most incoherent of the bubble bloggers look tame. The typical bubble blogger has a foundation of beliefs in ...
Affordable Housing Apts in Washington Go Green
2007-08-02 01:27:00 Reported at NBC4 is a story on an affordable housing apartment complex in SE Washington, which recently completed an $11 million dollar renovation, of which of $30,000 of that, went into incorporating green features for the 83 federally funded units that were converted into eco-friendly dwelling units. Some of the changes include: organic paints and ...
More Affordable Housing in Haryana
2007-07-30 11:01:00 Haryana Housing Board has prepared a plan to develop economical flats in the NCR cities of Haryana. The move will made residential properties in Gurgaon and its adjoining areas more affordable. The Board will buy its own land. These flats will be built across the state, says SP Gupta, Chief Administrator, Housing Board. According to the drafted ...
Section 8 Housing May Get a 2 Billion Dollar Infusion
2007-07-27 16:39:00 If you are an investor in Section 8 housing or have some inventory that could fit this mold, the news coming out of the Democratic Congress may have some good stuff for you. Maxine Waters has introduced a bill called the Section 8 Voucher Reform Act which would create 100,000 new Section 8 vouchers over the ...
Labours 8bn affordable housing investment
2007-07-24 15:55:00 Labour’s Housing Green Paper has outlined new investment, targets and proposals as part of Gordon Brown’s target to build three million more homes by 2020.Key proposals for housing include investing £8 billion for affordable housing in 2008 to 2011, a £2.5 billion increase compared to the previous three years.More homes to meet growing demand - 3 million new homes by 2020 - backed by new building targets, increased investment and new ways of identifying land for development. More affordable housing - at least 70,000 more affordable homes a year by 2010-11, including 45,000 social homes a year and a goal of 50,000 social homes a year in the next spending review.Building homes more quickly - unblocking the planning system and releasing land for development. New incentives for councils and developers to bring forward land more quickly.Well designed and greener zero carbon homes - with higher environmental standards designed to link to the transport, schools and health infrastruct...
Starrett City Sale Falls Through - Residents Still Wary About New Buyers
2007-07-11 18:51:00 The sale of Starrett City to real estate investor fell through this week as federal housing authorities rejected the 1.3 billion dollar offer for the 33 year old complex. Starrett City was built as a low income alternative housing system back in the 1970’s. I remember driving by it as it rose out of the ...
Top 10 Most Affordable Housing Markets In 2007
2007-07-07 14:00:00 Earlier in the week we covered the Top 10 Least Affordable Housing Markets, today we will tackle the Top 10 Most Affordable Housing Markets. It is not a surprise to those who follow real estate that these markets are all on the midwest. The combination of shrinking populations and higher unemployment has caused there to be a housing glut ...
Top 10 Least Affordable Housing Markets in 2007
2007-07-03 15:29:00 If you are looking to stretch your housing dollars, these are cities that you might as well pass on. The housing markets with the least affordable housing prices tend to have a large stratification between the poor, middle class, and rich. Housing costs are obvioulsly high with the median earner only making 12 percent of ...
Affordable Housing for DC area Artists
Deadline: ...
2007-07-03 12:12:00 Affordable Housing for DC area ArtistsDeadline: August 9, 2007, 5pm. The Cultural Development Corporation (CuDC) has partnered with Manna, Inc., to develop approximately 40 affordable work/live housing units for artists and their families at 2414 Douglas Street, NE, in the Woodridge area of Washington, DC. The intent of this project is to create work/live artist housing units designed primarily as functional studio space with basic living space as an ancillary use. Construction is scheduled to begin in the fall of 2008, with occupancy expected in 2009. Applications are now available. CuDC will start accepting applications on Monday, June 4, 2007 at 9 a.m. All applications are due to CuDC no later than 5 p.m., Thursday, August 9, 2007. For more information on the application visit this website.
O.C. the nation’s 2nd-least affordable housing market
2007-06-29 22:54:00 Once again, Orange County ranked as the second-least affordable housing market in the nation, second only to L.A., according to the National Association of Home Builders. The builders associationÂ’s quarterly ranking found that only 4.4% of local homes are within the price range of a family earning the Orange County median income of $78,700 during the first quarter of 2007. Orange County has ranked near the bottom of the builders associationÂ’s list for more than a year. ItÂ’s ranking remains virtually unchanged from past quarters even as the national affordability picture improved slightly, thanks to lower home prices and lower mortgage rates, the builders association reported. Forty-four percent of U.S. homes are affordable to families earning the national median income, compared to 41.6% in the first quarter of 2006. Four of the five least affordable U.S. metro areas are in California. In addition to O.C., they are: Los Angeles County, where 3% of the homes were affordable; Sant...
Apartments Turned Condos Provide Affordable Housing
2007-06-25 15:03:00 Play Video Apartments turned condos provide affordable housing for home buyers KVAL Eugene, OR - (KVAL) Jun. 21, 2007. (...)
State Raises Affordable Housing Bar for 421-a Bill
2007-06-20 09:06:00 In a move not likely to boost fundraising efforts with developers, state lawmakers yesterday agreed on a tougher version of the 421-a bill than the city had proposed last December; it is expected to pass when it is brought to the floor on Thursday. The 421-a program, originally enacted in 1971 to spur development in ...
Affordable Housing Watch: 1247 Flatbush Avenue
2007-05-29 14:05:00 Prolific Brooklyn photog polychrome snapped a photo last week of a new building going up at 1247 Flatbush Avenue, noting a prominent sign that said “Affordable Housing for New Yorkers” on the site. Curious, we did a little digging. The 25,000-square-foot project appears to be a combined effort between the non-profit organization Camba and HPD. ...
Affordable-housing debate grows for Disney employees
2007-04-22 18:45:00 Some say that Disney should provide low-cost homes for its workers, while others say the company's role is not one of home developer.
National Conference on Affordable Housing for All on 4th & 5th April 2007
2007-04-16 13:20:00 The National Conference on âAffordable Housing for All (7th National Convention) is being organized by National Real Estate Development Council (NAREDCO) on 4th & 5th April 2007 at Hotel Ashok, Chanakya Puri, New Delhi, as to focus on provision of affordable housing, real estate and allied urban infrastructure & services in the country. The National conference is aimed at deliberating and recommending concrete action plan to make affordable houses available to all, particularly to poor and economically weaker section of the society. For further informationclick hereCompany Sources of NAREDCO march 27 2007 |
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