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Tuesday November 24, 2009
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Affordable Housing News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Affordable Housing News

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  • Fattah Announces $844,176 in Affordable Housing Grants for Four Nonprofits in Philadelphia 24 Nov 2009 04:33 GMT
    ... Fattah Announces $844,176 in Affordable Housing Grants for Four Nonprofits in Philadelphia PHILADELPHIA, ... $844,176 in grants from the Federal Home Loan Bank of Pittsburgh (FHLBank) to four new ... its local member-owners in support of housing finance and community and economic development. FHLBank is privately ...

  • TCF Financial names Peter Bell to board 24 Nov 2009 02:26 GMT
    ... (AP) - Regional bank holding company TCF Financial Corp. announced Monday that it named one ... and parks systems and administers funds for affordable housing in the Minneapolis and St. Paul metropolitan ...

  • National Housing Day celebrated with launch of 2010 CMHC Housing Awards 24 Nov 2009 13:53 GMT
    ... OTTAWA, Nov. 24 /CNW Telbec/ - Canada Mortgage and Housing Corporation (CMHC) marked National Housing ... which recognizes private sector-led best practices in affordable housing. "National Housing Day is an opportunity to ... help determine if a housing project is financially viable, identify resources and other potential partners, ...

  • National Housing Day celebrated with launch of 2010 CMHC Housing Awards (CNW) 24 Nov 2009 13:33 GMT
    ... theme for 2010 is "Best Practices in Affordable Housing: Recognizing Leadership from the Private Sector." Up ... of housing activities, such as: Buildings, Housing Finance, Neighbourhoods, and Housing with Resident Services. A ... helpful to the project under consideration. CMHC's mortgage loan insurance for affordable housing enables lenders ...

  • Marc Munroe Dion: It's the jobs, stupid 24 Nov 2009 02:32 GMT
    ... about (what else) more money to improve affordable housing. All you need to know about the ... jokester, said the average person can't make mortgage payments while collecting unemployment, which has accelerated ... or two. But this is the biggest financial disaster of our time, so what if ...

  • It's the jobs, stupid 24 Nov 2009 04:34 GMT
    ... about (what else) more money to improve affordable housing. All you need to know about the ... jokester, said the average person can't make mortgage payments while collecting unemployment, which has accelerated ... or two. But this is the biggest financial disaster of our time, so what if ...

  • Wells Fargo's Community Reinvestment Performance Receives Highest Regulatory Rating 24 Nov 2009 12:10 GMT
    ... exceeded community needs in areas such as affordable housing, financial education and small business lending. The Community ... of the exam’s three Test categories: Lending (mortgages, small business, and community development for affordable ...

  • Bank of America Exceeds $1 Billion in Lending and Investing to Community Lenders 24 Nov 2009 12:30 GMT
    ... investments to more than 120 Community Development Financial Institutions (CDFIs) in 37 states. CDFIs include ... to more than 9,000 small businesses, 57,000 affordable housing units, and almost 700 new community facilities, ... period, representing more than $100 billion in mortgages. Bank of America is one of the ...

  • Newton reaches $2.5M deal with apartment owner 24 Nov 2009 12:10 GMT
    ... city, but Newton will see an immediate financial gain, said Cohen. Aldermen have to approve ... and use it to pay off a mortgage on the property, fund reservations and make ... PILOT contracts with developers to bolster Newton's affordable housing stock. In Boston, a similar PILOT deal ...

  • Coronado Hotel Apartments may be saved 24 Nov 2009 07:52 GMT
    ... subject to separate grants, appropriations or low-interest loans." The DDC bought and rehabbed the property ... federal tax credits they used in the financing package, to manage it as subsidized housing ... you going to find 42 units of affordable housing for $16,000 a unit?" he said. "Local ...

  • Wells Fargo Community Reinvestment 24 Nov 2009 13:14 GMT
    ... low-to-moderate income communities and families. “As a financial services company, we are responsible for investing ... , small business, and community development for affordable housing and economic development); stores, alternative delivery channels, ... Home Disclosure Act (HMDA) and CRA reportable loans in relation to the dollar volume of ...

  • IFC invests $189 million in health and education 24 Nov 2009 14:30 GMT
    ... Senior Operations Manager in the International Finance Corporation (IFC) James Joe Harry has committed to ... livestock or machinery as collateral to generate loans. IFC works to increase access to housing ... increase access to housing finance and thus affordable housing. This generates economic growth via job creation, ...

  • More than 1,500 social housing tenants in arrears 24 Nov 2009 13:11 GMT
    ... who are awaiting their opportunity for decent affordable housing, there is no excuse which can ... much or more than many people with mortgages. It baffles me why the Government still ...

  • National And International Report / Citigroup forecasts a global economic recovery in 2010 24 Nov 2009 06:42 GMT
    ... exceeded community needs in areas such as affordable housing, financial education and small-business lending. ... Fertilizer companies ... about $247 million — for Diedrich. ... Mortgage finance company said Monday it could lose ...

  • California United Bank Raises $151,000 for Boys & Girls Club of the West Valley at 3rd Annual Golf Tourney 24 Nov 2009 14:30 GMT
    ... Schools, Canoga Park High School, and the affordable housing community of Tierra de Sol. A full ... United Bank provides a full range of financial services, including credit and deposit products, cash ... Suite 100, Valencia, CA 91355; Conejo Valley Loan Production Office at 4333 Park Terrace Drive, ...


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