Affluent Chicago Suburb Proposes Allowing Illegals to Live with Residents

Josh McBroom

In Illinois, a lawmaker has proposed that residents of a wealthy suburb outside Chicago should be allowed to host illegal aliens in their homes.

According to Fox News, Councilman Josh McBroom (D-Ill.) of Naperville, Illinois made the proposal at a city council meeting last week, declaring that “I do know that there’s a lot of people that do care, and I think we live in a compassionate community, so before we go down the road of, you know, following suit on some of these other cities are taking action on, my idea would be, let’s find out, let’s find out who’s willing to help.”

Read More

Mortgage Rates Soar to Highest Point in 23 Years as Americans Struggle to Buy Homes

Mortgage rates have continued to rise for the seventh straight week, reaching their highest point in over 23 years, according to the Mortgage Bankers Association (MBA).

The average 30-year mortgage rate for Americans reached 7.9% on Wednesday, up from 7.7% just one week ago, the highest point since September 2000, according to a press release from the MBA. Mortgage applications sank even further following the high rates, with application volume declining 1% from the previous week when seasonally adjusted, the lowest weekly pace since 1995.

Read More

Group Re-Introduces Bill to Help Teachers, First Responders Buy Homes

A bipartisan group will try again to pass a bill to help teachers and first-responders buy homes in the communities they serve.

U.S. Sens. Jon Ossoff, D-Ga.; Sherrod Brown, D-Ohio; and Marco Rubio, R-Fla., reintroduced the Homes for Every Local Protector Educator and Responder (HELPER) Act. The bill would create a first-time homebuyer loan program under the Federal Housing Administration for teachers and first responders who have served at least four years.

Read More

Report Finds $860 Million Lost in Homes Seized by Government

Local governments or lienholders have taken more than 8,950 homes with more than $860 million in equity from 2014 to 2021 under laws that allow them to seize properties for unpaid property taxes, according to a new report. 

Pacific Legal Foundation, which is working to ban the practice, found that taking property to pay property tax debts can be ruinous for people with small tax debts.

Read More

Congress Addresses Private Equity, Corporations’ ‘Predatory Purchasing’ of Homes as Americans Struggle with Rising Prices

Americans are finding it increasingly difficult to purchase an affordable home as large investors increase their market share. The House Financial Services Committee held a hearing Tuesday to address private equity ownership of single-family rentals and the impact it’s having on average Americans. 

“Today’s hearing will examine troubling issues regarding the mass predatory purchasing of single-family homes by private equity firms,” said Rep. Al Green, D-Texas.

Read More

Biden Administration Green-Lights Multiple Solar Projects to Power 274,000 Homes

The Biden administration approved two solar projects, and it is nearing approval of a third, that will power hundreds of thousands of homes in California.

Construction of the Arica and Victory Pass solar projects — the two that received administration approval — will begin immediately on a large swath of land in Riverside County, California, the Department of the Interior (DOI) announced on Tuesday. Together, the projects will cost $689 million, be able to produce 465 megawatts of electricity, store 400 megawatts of energy and power 132,000 homes.

Oberon, the third solar project mentioned in the announcement, would be built on 2,700 acres of public lands in Riverside County if approved, according to DOI. The project would generate 500 megawatts of electricity and power an additional 142,000 households.

Read More