AGP Executive Report
Last update: 10 minutes agoDisaster Relief for Homeowners: Pag-IBIG Fund is offering a one-month housing loan payment moratorium for borrowers affected by the Mindanao 7.8 earthquake, and urging damaged-home owners to file repair claims under their housing loan insurance. Affordability Funding Push: Pennsylvania’s PHFA announced $93.4M in PHARE grants for 432 affordable housing and community initiatives, preserving 1,662 units and supporting 134,000 families at risk of homelessness. Mortgage Rates Pressure Market: A Reuters poll says high U.S. mortgage rates around 6.6% will keep housing turnover subdued, with only modest price gains expected. Local Housing Policy Moves: Easton, Pa. approved tougher “workforce housing” requirements for new multifamily projects using public funding or tax incentives, raising set-asides to 25%. Tech Meets Housing Finance: Figure agreed to buy AI lender Kiavi in a $717M deal to expand tokenized lending for housing loans. Renovation Financing Guide Updated: Mike Young released an expanded FHA 203(k) renovation loan guide, adding nearly 200 pages of updated rules for buyers and industry pros. Senior Housing Plan Advances: Wellpointe filed plans for a 100% affordable, four-tower assisted living complex in Warner Center, targeting expedited approval. Housing Costs Spike in NH: New Hampshire’s median single-family home price hit a new record under Kelly Ayotte, reaching $576,000 in May.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
