<p><strong>CALL-FOR-ACTION: — C.A.R. AND NAR NEED YOUR HELP TO INCREASE ACCESS TO FHA AND GSE LOAN PRODUCTS! </strong>Contact Senator Boxer Today! <br /><br />C.A.R. and NAR are SUPPORTING Senate Bill 2338 (Dodd) which, among other things, increases FHA loan limits to 100% of conforming loan limits. C.A.R. and NAR are also urging the U.S. Senate to introduce and pass legislation, already passed by the House of Representatives in the form of H.R. 1427 (Frank), to reform the Government Sponsored Enterprises (GSEs) — Fannie Mae and Freddie Mac — and dramatically increase the conforming loan limits in high-cost areas. As the mortgage crisis grows deeper, it is crucial that home owners and buyers have access to as many safe and affordable loan products as possible. Passing both Senate Bill 2338 and legislation to increase conforming loan limits in high cost-areas will help tens of thousands of families avoid the pain of forclosure and remain in their homes and will help new buyers get on the first rung of the home ownership ladder. <br /><br />Even if you have already responded to NAR's Call-for-Action, C.A.R. is asking that you call Senator Barbara Boxer to voice your support for these two measures.</p><p><strong>CALIFORNIA INCLUSIONARY HOUSING POLICY DATABASE</strong>The California Coalition for Rural Housing (CCRH) is pleased to launch this free and searchable database of California Inclusionary Housing (IH) policieso?=o?="the first of its kind in the U.S. <br /><br />The California Inclusionary Housing Database contains information on the key characteristics of California IH policies existing in 2006. It is estimated that there were about 170 such policies in the state at that time. CCRH was able to retrieve electronic and hard copy versions of approximately 80% of these policieso?=o?="over 130. <br /><br />The database provides summaries of policy characteristics for each city and county. Users may search for these summaries by jurisdiction name or by more than 30 other characteristics or criteria. For example, users may select all jurisdictions with population between 50,000 and 100,000 that have mandatory ordinances, require 15% to 20% of units be affordable to low- and moderate-income households, and allow land dedications or payment of in-lieu fees. In addition, each summary provides a link to the jurisdiction's full policy. A glossary defines key terms.</p><p><strong></strong></p><p><strong>CALIFORNIA HCD ANNOUNCES FUNDING GUIDELINES FOR TRANSIT ORIENTED DEVELOPMENT</strong>The TOD Housing Program was funded by Proposition 1C, the Housing and Emergency Shelter Trust Fund Act of 2006. Its primary objectives are to increase the overall supply of housing, increase the supply of affordable housing, increase public transit ridership, and minimize automobile trips. The program seeks to accomplish these objectives by providing financial assistance for the development of housing and related infrastructure near public transit stations. The TOD Housing Program is authorized by Health and Safety Code sections 53560-53564, adopted by SB 1689 (chpt. 27, stats. 2006) A total of $285 million will be made available over approximately three years.</p>
|
||||
|
||||
