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  I n   t h e   N e w s

Florida Housing Re-Opens Principal Reduction Application Program
Florida Housing Finance Corporation
July 25, 2014

Florida Housing Finance Corporation's (Florida Housing) Board of Directors approved using $350 million of funding for the Florida Hardest-Hit Fund Principal Reduction (HHF-PR) program. HHF-PR provides up to $50,000 to reduce the unpaid principal balance for eligible homeowners who have remained current on their payments and who owe at least 125 percent more on their home than its current market value, commonly referred to as the home being "underwater."  Applications are still being accepted.  More…

Map: HUD/Raj Chetty

Income Equality and its Effects on Economic Mobility
U.S. Department of Housing and Urban Development (HUD)/Edge
July 22, 2014

Studies conducted by the University of California, Berkeley have shown that the U.S. as a whole is experiencing an increase of income inequality.  The disparity effects economic mobility which in turn stifles people’s ability to move out of low income neighborhoods, resulting in the hindrance of children born into poverty from attaining “the American Dream.”  Economist Raj Chetty gave a presentation at HUD about the issue and is currently collaborating on “The Equality of Opportunity Project” to share data and seek out solutions.   More… 

Photo: Asset Management & Realty, Inc.
Photo: Asset
Management & Realty, Inc.

Renovated Low Income Residential Developments Now Accepting Applications
South Florida Community Land Trust (SFCLT)
July 16, 2014

South Florida Community Land Trust has two newly renovated properties with units available on August 1st.  The properties are located in North Lauderdale and Wilton Manors, Florida.  Applicants must earn below 50 percent of the Area Median Income (AMI) in Broward County. Thresholds for incomes, based on family size, are available by clicking this link and more requirements are listed on this link.  Contact the property manager, Asset Management and Realty, Inc., at (954) 944-3166 for more information.  More…   

chart with arrows pointing up and down

Broward County’s Housing Market
July 15, 2014

Housing values in Broward County are creeping back up to peak pricing, but only in the County’s most wealthy cities, including Cooper City, Lighthouse Point, Parkland, Southwest Ranches, and Weston.  Low median income cities are still struggling to regain more than half of their previous housing values; Lauderhill is at 57 percent below its median value and Lauderdale Lakes is at 53 percent below. Meanwhile, Fort Lauderdale is 30 percent below and Parkland is only 27 percent below and ranks as the country’s fifth best housing market.  More…   

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  H o u s i n g   i n   t h e   N e w s

Read articles and publications from around the web regarding housing related issues. Information is updated automatically as new information becomes available.

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