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AI as a co-pilot for human faculty is transforming Commercial Real Estate (CRE)
Leveraging AI with adequate human oversight can be a game changer for CRE. This article touches upon the top use cases of AI for the CRE industry and how we at Builders Patch are harnessing the power of AI. We emphasize how AI will act as a co-pilot for humans and optimize resources at scale.
Builders Patch • Mar 31, 2023
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Investors are monopolizing affordable housing: Here’s how we can stop them
In cities across the country, institutional investors are purchasing the most affordable homes and leasing them at increasingly high rents. As investors buy up affordable homes, they crowd out would-be homeowners — individuals and families who now struggle to find affordable homes to purchase amid a housing supply crisis and rising interest rates. This article touches upon strategies to prevent that.
The Hill • Apr 11, 2023
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FHA drafts guidance to expand financing on homes with ADUs
The Federal Housing Administration (FHA) published a new draft version of a Mortgagee Letter (ML) on Thursday that would update the mortgage insurance requirements on single-family homes with accessory dwelling units (ADU). The proposal is designed to offer additional flexibility for calculating market rent and using ADU rental income to help qualify for FHA-insured mortgage financing.
Housing Wire • Apr 13, 2023
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Will Biden Admin’s Proposed Budget Move the Affordable Housing Needle?
The Biden administration just released its 2024 Fiscal Year budget request, and quite a bit has been set aside for affordable housing initiatives. The 176-page proposed budget outlines trillions of dollars worth of spending, with $111 billion set aside for housing and development-related tax proposals. This article takes a look at the budget request in more detail.
Propmodo • Apr 2, 2023
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