As the Federal Housing Administration looks for new ways of dealing with the nation's foreclosed homes, more voices are calling for those homes to be repurposed as rentals.
"A foreclosed home is a problem for the neighbors, the bank that owns it, certainly the family that lost it -- but it's a problem for the rest of us, too. Banks price them at rock-bottom to get rid of them, and that depresses prices for the whole market. The government, through Fannie Mae, Freddie Mac, the Federal Housing Administration -- own hundreds of thousands of foreclosed homes."
Officials are trying to find ways to entice banks into renting out those foreclosures.
FULL STORY: Plan would turn foreclosures into rentals
August Expiration Date for Federal Foreclosure Moratorium Raises Concerns
The housing market has yet to devolve like in 2008, thanks to a federal safety net put in place in March, but a wave of foreclosures is still a possibility as protections begin to expire.
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Florida Considers Legalizing ADUs
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HUD Announces Plan to Build Housing on Public Lands
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Conservatives’ Decongestion Pricing Flip-Flop
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Can Geothermal Energy Fuel Hawaiʻi’s Future?
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Climate Gardening: Cultivating Resilient Landscapes in Los Angeles
TreePeople’s 4th Annual Urban Soil Symposium explored how climate gardening, soil health, and collaborative land management strategies can enhance urban resilience in the face of climate change.
Electric Surge: EV Chargers Outnumber Gas Nozzles in California
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