Harvard's Joint Center for Housing Studies (JCHS) has released its annual report entitled The State of the Nation's Housing 2015. This year's report highlights low homeownership rates and continuing rental housing cost burdens as areas of concern. The Joint Center's report concludes that the housing market, buoyed by the persistent strength and demand of the rental market and continued employment growth, can regain some of the recovery momentum that was lost during 2014.
On June 24, the staff and board of the Alabama Housing Finance Authority announced the 19 multifamily housing developments selected to receive allocations of 2015 Low-Income Housing Tax Credits (Housing Credits) or Housing Credits combined with HOME Investment Partnerships Program (HOME) funds. The HOME funds combined with Housing Credits awards are contingent upon approval of AHFA’s 2015 HOME Action Plan by HUD.
On June 24, the AHFA Board of Directors approved the developments selected to receive allocations of 2015 Home Investment Partnerships Program funds and/or Low-Income Housing Tax Credits. Nineteen developments were approved and are expected to create 1,071 units of affordable housing across Alabama.
The Alabama Center for Real Estate (ACRE) releases the May residential sales report.
The Federal Trade Commission (FTC) and the Department of Housing and Urban Development (HUD) are working together to alert consumers of scams aimed at people who are seeking Section 8 housing.