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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…

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…

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…

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…

The former location of Lord & Taylor in The Mall at Rockingham Park would become home to a $160 million casino. (Courtesy of HBG Design) A casino proposed at the former Lord & Taylor space at The Mall at Rockingham at Park would bring hundreds of jobs to the community,…