Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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Unlocking Affordable Housing: Biden Administration Targets Local Regulations
The Biden administration has long prioritized tackling the pressing issue of affordable housing. In a recent Economic Report to Congress, a significant spotlight was placed on the crucial topic of "Increasing the Supply of Affordable Housing." What's noteworthy is the administration's novel approach: targeting local land-use regulations and zoning restrictions to enact change.
Acknowledging the challenges in the realm of affordable housing, the report highlights a national shortage estimated at 1.5 million to 3.8 million homes, partly attributed to restrictive land-use regulations and zoning constraints. While some regulations serve legitimate purposes such as safeguarding community interests, many others act as artificial barriers, driving up housing costs and impeding growth.
The focus shifts towards federal interventions to catalyze change at the local level. Initiatives like the Pathways to Removing Obstacles to Housing (PRO Housing) program, spearheaded by the Department of Housing and Urban Development, exemplify this approach. By awarding $85 million in competitive grants to communities committed to dismantling barriers to affordable housing, the program aims to spur transformative reforms.
Key reforms highlighted in the report include facilitating the construction of multifamily housing, particularly near public transportation hubs, legalizing accessory dwelling units (ADUs), and abolishing minimum parking requirements and density restrictions. These measures aim to diversify housing options while preserving the flexibility for single-family home construction.
Yet, despite these efforts, challenges persist. For instance, a Department of Transportation program offering transit-oriented loans for housing projects has faced hurdles, with no housing projects successfully closed due to lengthy approval processes spanning 18 to 24 months.
In navigating these complexities, the Biden administration remains steadfast in its commitment to addressing the housing crisis by reshaping local regulations and fostering an environment conducive to affordable housing development.
Should you need an experienced commercial real estate broker, please feel free to contact me at 281-222-0433.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
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