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VantageScore 4.0 Now Available Through Xactus360, Expanding Mortgage Lender Access

VantageScore 4.0 Now Available Through Xactus360, Expanding Mortgage Lender Access

VantageScore 4.0 Now Available Through Xactus360, Expanding Mortgage Lender Access
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Refinance-Ready Borrowers Increase as Mortgage Rates Stabilize, Impacting Mortgage-Backed Securities Market

Refinance-Ready Borrowers Increase as Mortgage Rates Stabilize, Impacting Mortgage-Backed Securities Market

Refinance-Ready Borrowers Increase as Mortgage Rates Stabilize, Impacting Mortgage-Backed Securities Market
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Airbnb Pledges $250 Million to Address U.S. Affordable Housing Shortage with New Accelerator Initiative

Airbnb Pledges $250 Million to Address U.S. Affordable Housing Shortage with New Accelerator Initiative

Airbnb has announced a commitment of an initial $250 million to launch its Housing Accelerator initiative, aimed at providing 'last-dollar' construction financing for stalled affordable and mixed-income housing projects across the United States. This move comes as the U.S. faces an estimated shortage of 4 million homes as of 2025. The company's research indicates that approximately 750,000 housing units have received regulatory approval but lack the final funding to begin construction. The initiative will focus on closing these funding gaps, with an inaugural $6.4 million investment in Austin, Texas, to support 200 affordable units within a larger mixed-use development. These affordable units will be explicitly prohibited from being listed as short-term rentals on Airbnb.
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Airbnb Launches Housing Accelerator with $250 Million Investment to Address Affordability Crisis

Airbnb Launches Housing Accelerator with $250 Million Investment to Address Affordability Crisis

Airbnb Launches Housing Accelerator with $250 Million Investment to Address Affordability Crisis
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U.S. Rep. Janelle Bynum Secures $2 Million for Redmond Affordable Housing Project

U.S. Rep. Janelle Bynum Secures $2 Million for Redmond Affordable Housing Project

U.S. Representative Janelle Bynum recently presented the city of Redmond, Oregon, with a $2 million check designated for an affordable housing development. This funding, secured through congressionally directed spending, will support the Cinder Hollow project, which is part of the larger Northpoint Vista mixed-income development in northeast Redmond. Cinder Hollow is planned to include 30 homes, with construction anticipated to commence in the spring of 2027. RootedHomes, a Bend-based low-income housing program, is developing Cinder Hollow, marking their third affordable housing initiative in Redmond. The homes in Cinder Hollow are projected to be permanently affordable, priced at or below 80% of the area's median income, with an estimated cost of around $250,000 per home. The overall 30-home development is expected to cost approximately $26 million. Northpoint Vista, the broader development, is currently under construction, with Edlen & Co. out of Portland serving as the head developer, and plans for an a...
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Airbnb Launches $250 Million National Housing Accelerator Fund, Commits $6.4 Million to Austin Project

Airbnb Launches $250 Million National Housing Accelerator Fund, Commits $6.4 Million to Austin Project

Airbnb Launches $250 Million National Housing Accelerator Fund, Commits $6.4 Million to Austin Project
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Airbnb Invests $6.4 Million in Stalled Austin Housing Project, Launches Housing Accelerator Initiative

Airbnb Invests $6.4 Million in Stalled Austin Housing Project, Launches Housing Accelerator Initiative

Airbnb Invests $6.4 Million in Stalled Austin Housing Project, Launches Housing Accelerator Initiative
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Airbnb CEO Brian Chesky Launches $250 Million Housing Accelerator to Address Affordability

Airbnb CEO Brian Chesky Launches $250 Million Housing Accelerator to Address Affordability

Airbnb CEO Brian Chesky Launches $250 Million Housing Accelerator to Address Affordability
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Wells Fargo Seeks Lead Commercial Real Estate Portfolio Manager for Multifamily-Affordable Housing Loans

Wells Fargo Seeks Lead Commercial Real Estate Portfolio Manager for Multifamily-Affordable Housing Loans

Wells Fargo Seeks Lead Commercial Real Estate Portfolio Manager for Multifamily-Affordable Housing Loans
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Representatives Massie and Burlison Introduce 'Flock-Off Act' to Prohibit Federal Funding for Networked Surveillance Cameras

Representatives Massie and Burlison Introduce 'Flock-Off Act' to Prohibit Federal Funding for Networked Surveillance Cameras

U.S. Representatives Thomas Massie (R-Kentucky) and Eric Burlison (R-Missouri) have introduced the bipartisan 'Flock-Off Act' on September 2. This proposed legislation aims to prohibit the use of federal funds for the purchase, installation, operation, maintenance, or upgrade of networked automated license plate readers (ALPRs) and biometric surveillance cameras. The bill also extends to associated databases and data-sharing systems. This initiative comes amidst growing backlash against companies like Flock Safety, which provide these surveillance technologies, and follows increasing concerns over privacy and potential misuse by law enforcement. The Security Industry Association (SIA) has defended the use of ALPRs but advocates for stronger privacy safeguards, restrictions on data sharing, regular audits, and penalties for misuse, while opposing warrant requirements for database searches.
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Reps. Massie and Burlison Introduce 'Flock-Off Act' to Ban Federal Funding for ALPRs Amidst Growing Surveillance Concerns

Reps. Massie and Burlison Introduce 'Flock-Off Act' to Ban Federal Funding for ALPRs Amidst Growing Surveillance Concerns

Republican Representatives Thomas Massie of Kentucky and Eric Burlison of Missouri have introduced the 'Flock-Off Act' in Congress. This proposed legislation aims to prohibit the use of federal funds for the purchase or operation of automated license plate readers (ALPRs). Furthermore, it mandates that any existing ALPR systems funded by federal money must be shut down within 180 days of the act's passage. The move comes amidst increasing bipartisan concern over the widespread deployment of ALPR technology, particularly systems from companies like Flock Safety, which critics argue facilitate warrantless mass surveillance. Lawmakers and civil liberties advocates contend that these AI-powered cameras, which scan and record vehicle license plates, infringe upon fundamental privacy rights by creating a comprehensive tracking network of American drivers. This federal initiative mirrors actions taken at the state level, where officials in Texas and Florida have moved to restrict or remove ALPRs, and numerous loc...
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Representatives Massie and Burlison Introduce 'Flock-Off Act' to Prohibit Federal Funding for Surveillance Technologies

Representatives Massie and Burlison Introduce 'Flock-Off Act' to Prohibit Federal Funding for Surveillance Technologies

U.S. Representatives Thomas Massie (R-KY) and Eric Burlison (R-MO) have introduced H.R. 10221, known as the 'Flock-Off Act.' This legislation aims to address growing concerns about government surveillance by prohibiting the use of federal funds for the purchase, installation, maintenance, operation, or upgrade of automated license plate readers (ALPRs) and biometric surveillance cameras. The move comes amidst increasing scrutiny of companies like Flock Safety, which provides extensive surveillance networks, including drone-based systems capable of automatically launching in response to incidents and collecting vast amounts of data. Critics argue that these technologies, such as Flock's Alpha drone, which can fly at 60 mph and use thermal imaging to read license plates from 2,000 feet, turn public spaces into searchable surveillance networks and can lead to mass data collection on innocent individuals.