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San Juan Capistrano, Calif. intends to reduce the fee that developers pay to help fund state-mandated affordable housing in town by 10 percent.
Spokane Valley, Wash., may dramatically increase the amount of time developers and builders have to complete projects.
President Obama announced a plan on Monday that will give mortgage relief to hundreds of thousands of Americans, including an initiative that will make it easier for homeowners to refinance and avoid foreclosure.
President Barack Obama’s prime-time address on jobs didn’t focus much on housing, but it would create a $15 billion fund to get construction workers to rehab vacant and foreclosed homes and businesses.
HUD Secretary Shaun Donovan will conduct a briefing today on plan to help homeowners
Funds from the program are used to develop or rehabilitate affordable rental homes, helping boost US housing supply
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