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Congressman Suozzi Co-Introduces Bipartisan Bill to Expand Low-Interest Mortgages for First-Time Homebuyers

Congressman Suozzi Co-Introduces Bipartisan Bill to Expand Low-Interest Mortgages for First-Time Homebuyers

A bipartisan group of House members, including Representative Tom Suozzi (D-NY), has introduced the First-Time Homebuyer Affordability Act. This legislation aims to increase access to lower-interest mortgages for first-time and low- to moderate-income homebuyers. The core of the bill involves exempting qualified mortgage bonds from annual federal Private Activity Bond (PAB) volume caps. Currently, these bonds, issued by state and local housing agencies to finance below-market-rate mortgages, count against each state’s PAB allocation. Supporters argue that increased housing demand and rising home prices have strained these limits in many states, restricting the amount of mortgage assistance housing agencies can provide. By removing qualified mortgage bonds from this cap, the bill would allow states to issue more bonds for homeownership programs without reducing financing available for other uses, such as affordable rental housing. The proposal has garnered support from various housing and financial industry...
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Victoria, MN Home Prices Driven by Zoning Rules and Land Constraints, Not Just Upgrades

Victoria, MN Home Prices Driven by Zoning Rules and Land Constraints, Not Just Upgrades

Victoria, MN Home Prices Driven by Zoning Rules and Land Constraints, Not Just Upgrades
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Redfin Partners with Winnie to Integrate Childcare Information on Home Listings

Redfin Partners with Winnie to Integrate Childcare Information on Home Listings

Redfin Partners with Winnie to Integrate Childcare Information on Home Listings
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Bipartisan House Members Introduce Bill to Expand Low-Interest Mortgages for First-Time Homebuyers

Bipartisan House Members Introduce Bill to Expand Low-Interest Mortgages for First-Time Homebuyers

A bipartisan group of U.S. House of Representatives members, including Representatives Darin LaHood (R-IL), Jimmy Panetta (D-CA), Blake Moore (R-UT), and Tom Suozzi (D-NY), has introduced the First-Time Homebuyer Affordability Act. This legislation aims to increase access to lower-interest mortgages for first-time and low- to moderate-income homebuyers. The core of the bill involves exempting qualified mortgage bonds from the annual federal Private Activity Bond (PAB) volume caps. Currently, mortgage revenue bonds, which are issued by state and local housing agencies to finance below-market-rate mortgages, count against each state’s allocation of tax-exempt private activity bonds. Supporters of the bill argue that increased housing demand and rising home prices have strained these limits, thereby restricting the amount of mortgage assistance available. By removing these bonds from the cap, states would be able to issue more bonds for homeownership programs without reducing financing for other uses, such as...
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Farmers Rely on Decades-Old John Deere Machinery Amidst Tough Agricultural Economy

Farmers Rely on Decades-Old John Deere Machinery Amidst Tough Agricultural Economy

Farmers Rely on Decades-Old John Deere Machinery Amidst Tough Agricultural Economy
TheStreet TheStreet
Morgan Stanley's troubling housing forecast is playing out now

Morgan Stanley's troubling housing forecast is playing out now

In February 2026, mortgage rates fell below 6% for the first time in three and a half years, briefly pushing housing affordability to its most favorable level since 2022, FreddieMac reported.  That window of relief evaporated within weeks, as rates climbed back toward 6.5% and have stayed ...
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JLL Lists 596,000 Sq. Ft. Life Sciences Campus in Somerset County for Sale with Short-Term Leaseback

JLL Lists 596,000 Sq. Ft. Life Sciences Campus in Somerset County for Sale with Short-Term Leaseback

JLL Lists 596,000 Sq. Ft. Life Sciences Campus in Somerset County for Sale with Short-Term Leaseback
Bucks County Courier Times Bucks County Courier Times
Affordability at center of Middletown housing project | Exclusive

Affordability at center of Middletown housing project | Exclusive

Habitat for Humanity of Bucks County is offering seven income-restricted townhomes to buyers struggling to afford a home on the open market.
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Developer Seeks Zoning Change for Nine-Condo Building on Uptown's Clark Street

Developer Seeks Zoning Change for Nine-Condo Building on Uptown's Clark Street

Developer Seeks Zoning Change for Nine-Condo Building on Uptown's Clark Street
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Julia Roberts' San Francisco Victorian Mansion Sells for $11.25 Million After Renovation

Julia Roberts' San Francisco Victorian Mansion Sells for $11.25 Million After Renovation

Julia Roberts' San Francisco Victorian Mansion Sells for $11.25 Million After Renovation
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Millennials Redefine Financial Adulthood in Their 30s, Shifting Traditional Milestones

Millennials Redefine Financial Adulthood in Their 30s, Shifting Traditional Milestones

Millennials Redefine Financial Adulthood in Their 30s, Shifting Traditional Milestones
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Single-Family Home in Damascus, VA, Listed for $14,000

Single-Family Home in Damascus, VA, Listed for $14,000

A studio single-family home located at Pennington Branch Rd #14B in Damascus, VA, is currently listed for sale at $14,000. The property, identified by ZIP code 24236, was recently listed on Trulia. This residence sits on a 1.27-acre lot. The listing provides limited details about the interior of the home, focusing primarily on its status as a single-family dwelling and its land size. Damascus, VA, is a town known for its outdoor recreational opportunities, particularly its proximity to the Appalachian Trail and the Virginia Creeper Trail. The low price point for a single-family home on over an acre of land in this region could attract specific buyers looking for a rural property or a potential investment for renovation. The listing does not specify the condition of the home or any unique features beyond its basic classification and lot size.