HUD plan to end public housing aid for undocumented immigrants could lead to evictions of 55,000 children

Department of Housing and Urban Development | May 10, 2019

Approximately 55,000 children could be evicted from public housing if the Department of Housing and Urban Development goes through with a proposed plan to end public housing aid for undocumented immigrants, HUD revealed in a report on the rule change’s potential impact. Last month, HUD proposed a rule that would make undocumented immigrants ineligible for public housing aid and force them to relocate within 18 months.

Spotlight

The Real Estate Settlement Procedures Act of 1974 (RESPA) (12 U.S.C. 2601 et seq.) (the act) became effective on June 20, 1975. The act requires lenders, mortgage brokers, or servicers of home loans to provide borrowers with pertinent and timely disclosures regarding the nature and costs of the real estate settlement process

Spotlight

The Real Estate Settlement Procedures Act of 1974 (RESPA) (12 U.S.C. 2601 et seq.) (the act) became effective on June 20, 1975. The act requires lenders, mortgage brokers, or servicers of home loans to provide borrowers with pertinent and timely disclosures regarding the nature and costs of the real estate settlement process

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BUYING/SELLING

AF Spaces Partners With Bedrock, Welcomes Notable Real Estate Company To Retail Platform

Bedrock | October 05, 2021

AF Spaces, the retail platform directly connecting commercial landlords and retailers to arrange pop up storefronts, announces a partnership with Bedrock. Through the collaboration, AF Spaces will add over 32,000 square feet of downtown Cleveland real estate to its platform within the iconic Tower City Center. Acquired by Bedrock in 2016, Tower City Center is Cleveland's iconic hub for shopping, dining, and entertainment. AF will connect its nationwide network of brands to available retail storefronts for immediate short-term pop-up shop opportunities, as part of Bedrock's plan to reimagine the Center as a destination marketplace. Tower City Center also features a mix of commercial office tenants with direct access to the Greater Cleveland Regional Transit Authority and Public Square. As an anchor of downtown Cleveland, Tower City is adjacent to landmarks such as The Ritz Carlton and the Terminal Tower. We are thrilled to welcome Bedrock to our growing list of world class landlords on the AF SPACES platform. We're honored that they've reached out to us to leverage our platform and nationwide network of innovative and emerging brands. For the first time at Tower City, brands will be able to efficiently and seamlessly 'test drive' their own Cleveland storefront. At the same time, local residents will have the opportunity to engage with their favorite brands face-to-face. - AF Spaces CEO and Founder of AF, Mark Bollman. AF SPACES is a natural extension of American Field, a brand discovery marketplace, whose mission is to provide opportunities for brands to grow. AF Spaces has built a curated network of 2,500 brands including Fatherty, Topo Designs, Shcott NYC, and Ball and Buck alongside a nationwide network of landlord partners. The platform affords brands the ability to test drive storefronts through streamlined short-term agreements with leading landlords. These activations bring fresh traffic to dark spaces while landlords secure traditional long-term tenants. ABOUT AF Founded in 2012 by Mark Bollman, AF's mission is to connect innovative brands with consumers and reimagine retail. Their self-fulfilling ecosystem of consumers, brands, and retail spaces is paving the way for the future of brand commerce.

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REAL ESTATE INVESTMENT

Global Tourism Start-Up LynKey Announces Blockchain and NFT Solutions for $8 Billion of Smart Tourism and Property

LynKey | January 10, 2022

LynKey, a global platform that powers luxury resort and vacation property with Blockchain, AI, NFTs, and Metaverse tech, just launched a project aiming to tokenize and offer NFT, Metaverse solutions of over $8 billion dollars for travel and tourism. The idea of real estate tokenisation first came into public awareness when TechCrunch founder Michael Arrington purchased the world's first blockchain-backed apartment on Propy in 2017. In 2021, Arrington sold the Kiev-based apartment for 36 ETH. Lynkey is working on taking digitization of property and tourism on a scale not seen ever before. LynKey has started to digitise luxury tourism resorts, hotels and properties, first in Vietnam, and later, at multiple other destinations. LynKey, a blockchain Singapore based smart tourism and Property tech start-up are creating a blockchain-powered token marketplace and ecosystem that is tokenising over $8 billion dollars-worth of properties, in total, at the very launch! LynKey's objective is to tokenise all aspects of property development — purchases, leases, land use and related tourism entertainment — into an international blockchain-powered ecosystem. It envisions to connect the people around the world with the best of property tech and smart tourism premium experiences from resorts and cruises with NFTs and Metaverse AR and VR solutions. What is the company all about? A pioneer in smart tourism and real estate, LynKey was created by a team of international industry personalities. LynKey's solutions make travel rewarding in every way - the platform optimises timesharing, prepaid leasing or licensing of property-based experiences geared towards tourism, while offering an exclusive reward system for its users. With a global blockchain token marketplace ecosystem and community, LynKey efficiently overcomes the need for non-necessary intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and soon, also metaverse experiences. Using NFTs and Metaverse solutions with AI data-driven protocol sets, we are creating clear digital transformation solutions for the travel and entertainment space with smart tourism and property tech that can help these industries in new solutions to empower these global industries. LynKey connects the global audience with a Blockchain-powered platform and a token that empowers an ecosystem for time-sharing using NFTs as a digital certification, and reward solutions at premium luxury tourist spots." Dinis Guarda, founder and non-executive Chairman of LynKey. Despite globalisation, Covid challenges in the tourism and travel industry persist. Blockchain and NFT technology can address and resolve these issues. Most global travellers or property buyers have to deal with local currencies, lack of transparency in buying or leasing property and timeshares, and losing money to high exchange fees or worse. A consolidated marketplace and token solution will solve many of these issues." Miss Cindy Tran, Co-Founder and Chairwoman of LynKey. While property businesses, companies, and cities need potential clients to thrive themselves, there is also a dire need for this industry to catch up with current technological advances. With global tourism forecast to reach a $1.3 trillion mark by the end of 2021, LynKey mitigates a majority of problems plaguing the travel industry. LynKey's token, NFTs and first properties and resort projects will be announced in Q1 of 2022. For more information on how to be involved or become an early participant and adopter, please visit www.lynkey.com. About LynKey Property Tech and smart tourism developer based in Singapore, with offices in Vietnam and London, LynKey has created a new blockchain NFTs, Metaverse, AI driven token ecosystem designed for travellers to book their tourism and property experiences with hotels, restaurants, timeshare, and other smart destination-based excursions.

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REAL ESTATE INVESTMENT

ABS Announces integration with Lightning Docs™, Geraci LLP's National Loan Document Solution

Lightning DocsTM | November 11, 2021

Applied Business Software™ ("ABS"), makers of The Mortgage Office®, leader in loan servicing and fund management software, announced today the launch of an integration with Lightning Docs™, a proprietary cloud based national loan document generation system, developed by Geraci LLP, the nationwide leader in business purpose loan documents for the private lending industry. "The Mortgage Office® is a well-known and respected leader in the loan origination software space. Their 40+ year track record speaks for itself. We are honored they have chosen to partner with Geraci LLP to integrate with our Lightning Docs™ loan document generation system and we look forward to providing our mutual clients the most advanced technology in the private lending space allowing lenders to originate loans nationwide with peace of mind." - Nema Daghbandan, Esq., Partner with Geraci LLP "We are thrilled about this integration with Lighting Docs™ by Geraci LLP. We have had a long-standing relationship and a mutual respect throughout the years." He added: "This development is consistent with our vision of integrations, and the continued pursuit to provide our customers tools that simplify, enhance, and automate their entire lending operation." - Carlos Nodarse, CEO of Applied Business Software About Applied Business Software Applied Business Software is a market leader and global provider of software systems and solutions to the lending industry. ABS offers a complete suite of software products designed from the ground up to specifically address the needs of those who originate and service loans. All our products are consistently rated superior in design, system interface, expandability, and ease of use. ABS is based in Long Beach, California. About Lightning DocsTM: Lightning Docs™ is a proprietary cloud-based loan document generation system developed in-house by the attorneys and partners at Geraci LLP. Lightning Docs permits its clients to generate business purpose loan documents nationwide at the click of a button. The system will generate any business purpose loan documents including bridge, fix and flip, ground up construction, DSCR rental, portfolio rental, etc. The documents have been used for numerous rated and unrated securitizations and are considered the industry standard for the private lending industry.

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