Scotiabank announced that it is the first large financial institution in Canada to align with Canada Mortgage and Housing Corporation (CMHC) to transform housing affordability across the country. Scotiabank plans to mobilize $10 billion over the next ten years in support of CMHC's aspiration – tha... Read more...
President Joe Biden is seeking to ease a national affordable housing shortage by pushing local governments to allow apartment buildings in neighborhoods that are currently restricted to single-family homes. The $5 billion plan could inject the White House into a debate pitting older homeowner... Read more...
New York State could buy financially distressed office buildings and hotels and convert them into affordable housing for homeless and impoverished New Yorkers under a bill being considered in the state Senate. The bill, introduced this week, is similar to a plan proposed by Gov. Andrew Cuomo duri... Read more...
Ankit Goel, Director, Goel Ganga Developments Give an overview of the affordable housing in Pune Whenever any person dreams about buying a home, the first thing that comes to mind is - will that be affordable and the price of the flat fall within my budget? That's why affordable housing is a b... Read more...
The Haryana government has taken a host of favourable policy measures to boost both demand and supply of affordable housing. Providing fresh impetus to licensing of projects is one major initiative of the state government. Under the revised policy, Haryana government has doubled the area (from 15 ac... Read more...
Amid conditions of business de-growth for the housing finance companies (HFC)s, the affordable housing finance companies (AHFC)s have been continued to grow, albeit at a slower pace. As per the latest ICRA report, the total portfolio of the new AHFCs in the affordable housing space stood at Rs. 55,0... Read more...
Chintan Lakhani - Director Ratings, Brickwork Ratings Developers get a year until March 2022 to claim a 100% tax deduction for affordable housing projects. This extension will ensure the continued interest of developers for the construction of affordable housing projects and help achieve the gove... Read more...
During the Budget presentation today, the time limit to avail benefits on purchase of available housing was extended by one more year to 31 March 2022. The deduction benefit of Rs 1.5 lakh will now be available for the purchase of affordable houses for one more year. Over the past few years, the ... Read more...
Las Vegas lawmakers have agreed to sell 5.5 acres of vacant land for $1 to an affordable housing developer with plans to construct 144 units as the city faces a major shortage of such dwellings. The City Council voted 6-1 to approve the development agreement with Community Development Programs Ce... Read more...
Ashok Mohanani, President - NAREDCO Maharashtra The much-awaited budget 2021-22 is expected to bring a ray of hope as industry looks forward to a favourable budget this year. Although the Central and State Government has rolled out several reforms and incentives during the past quarters to restor... Read more...