Robert Mullen has raised almost $1 billion to buy distressed single-family houses across the U.S. to rent. He intends to join other financial giants in taking advantage of a 29% dip in home prices since the 2006 peak and more demand for rentals for Americans who are not yet able to buy homes. Fundamental REO, […]
Tag Archives: housing
County partnership to develop $53M affordable housing community
King’s terrace, a project rental housing that will accommodate an estimate of 1,200 residents in Northwest Miami-Dade. This 15-building, very affordable housing project, for almost $53 million worth was built by the county and Pinnacle Housing Group. The US Department of Housing and Urban Development’s Neighborhood Stabilization Program gave The County $17 million, which was […]