HousingWireHousingWire Elder financial exploitation (EFE) is a common form of elder abuse that impacts as much as 10% of older Americans each year. But to better combat its growing commonality, more information is needed — particularly for vulnerable communities — according to senior advocacy organization AARP. “While financial exploitation can…
Continue reading →HousingWireHousingWire Republican members of the U.S. Senate have introduced new legislation designed to expand the oversight of federal housing programs, make changes to loan officer compensation for the origination of small-dollar mortgages, and create additional counseling requirements for homebuyers. The Renewing Opportunity in the American Dream (ROAD) to Housing Act…
Continue reading →HousingWireHousingWire The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to a range of 4.75% to 5%, turning an important corner in the central bank’s fight against inflation. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year…
Continue reading →HousingWireHousingWire Democratic lawmakers in both the U.S. House of Representatives and the Senate have introduced a new bill into both chambers with a stated goal of constructing and preserving affordable housing. They also seek to create a new national housing development authority to provide an “alternative to a market dominated…
Continue reading →The Rapids On Cocheco rendering Elm Grove Companies to break ground on $20 million, 52-unit workforce housing project in Rochester NH real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Road in Rochester, NH. This…
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