Presidents and board chairs of the 11 Federal Home Loan Banks (FHLBanks), under pressure to pump more money into affordable housing, sent letters to the U.S. Department of Treasury on Thursday saying that simply raising their contribution threshold will not address the complexities of the current housing crisis. Instead, the FHLBanks—11 U.S. government-sponsored banks that provide…
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By every metric, the nation’s affordable housing crisis has reached unprecedented heights. A record-high 22.4 million renter households are cost burdened, meaning they spend at least 30% of household income on housing and utilities, and we are short 7.3 million rental homes that are affordable and available to renters with extremely low incomes. Meanwhile, the…
As the U.S. workforce continues to age commensurately with the population at large, a new report by U.S. Money Reserve illustrates that the highest concentration of older workers — those at or over the age of 65 — are concentrated in the New England region of the country. Based on data from the U.S. Census…
The announcement comes about six months after Bailey was replaced as RE/MAX president by Amy Lessinger. At T3 Sixty, he will focus on business development, consulting and representing the firm at industry events.