The allure of Los Angeles may be the good weather, beaches, and the glitz and glam of Hollywood. However, the Los Angeles area has around 50,000 peoplewho are currently experiencing homelessness. Natasha Sokol, a student at Chapman University, shows us how extreme the juxtaposition really is in her video.
Freddie Mac has set up a new vehicle to provide small financial institutions access to additional liquidity for the financing of affordable housing. The government sponsored mortgage loan firm said the program enables a lender to swap a pool of loans backed by affordable properties for Freddie Mac Multifamily Participation Certificates (PCs) backed by the loans. The Multifamily PCs, which are guaranteed by Freddie Mac, can then be sold to investors, returning liquidity to the financial institution.
Infinite Suburbia is a collection of articles edited by Alan Berger, Joel Kotkin and Celina Balderas Guzman. The book is the culmination of the MIT Norman B. Leventhal Center for Advanced Urbanism’s yearlong study of the future of suburban development.
RCLCO Managing Director, Charles Hewlett, speaks with The Bozzuto Group’s Chairman and Co-Founder, Tom Bozzuto, and President and CEO, Toby Bozzuto, for a conversation about succession planning , the demographic changes facing the apartment rental market, advice for young executives, and the challenges, as well as the benefits, of working in a family business.