Tag: housing

Common Securitization Solutions (CSS), a joint Freddie Mac and Fannie Mae venture launched in 2013, supports a cornerstone of the American economy: home ownership. CSS built and now operates the largest and most advanced mortgage securitization platform in the US, supporting Freddie Mac and Fannie Mae’s 70 percent market share of the industry with flexibility, scalability, and security at its core. Read this blog post to learn how CSS uses Amazon Web Services (AWS) to power their solutions in the cloud.

To prevent citizens from falling behind on their mortgages, the federal government awarded states $10 billion from the Homeowner Assistance Fund (HAF), delivered under the American Rescue Plan Act of 2021. This funding required sign-off from the US Department of the Treasury to access and the funds needed to be distributed quickly. AWS customer ProLink Solutions supported states with rapidly designing and deploying new programs and workflows, which helped states acquire these funds and quickly deliver them to citizens in need.

According to the National Low Income Housing Coalition (NLIHC), the US has a shortage of 6.8 million rental homes for low-income renters. Many communities have implemented rent registration and assistance programs to preserve affordability and prevent displacement. Amazon Web Services (AWS) customers and partners are leveraging the cloud to monitor the availability of rental units in real time to support their work.

Even before the pandemic, many people were rent burdened, with a quarter of renters paying more than half their income on rent. US Congress approved two bills containing $45 billion for emergency rental assistance programs (ERAP) that states and local governments can use to support people in need. Distributing these funds quickly and efficiently requires local agencies to rapidly design and deploy new engagement models, programs, and workflows that are easy to use, that can quickly scale up to meet demand, and are flexible enough to adjust to changes in federal and local requirements. Learn how these AWS customers and partners are leveraging the cloud to quickly launch and distribute benefit assistance programs like emergency rental assistance.

More than 400 regional and local organizations working to address homelessness in the United States are using a new tool by the U.S. Department of Housing and Urban Development (HUD) to better understand and address the homelessness challenge. Those agencies, also known as “Continuums of Care (CoCs),” can use the tool to visualize the situation they are helping address and optimize their responses.

Amazon Web Services (AWS) and the Disruptive Innovators Network (DIN) hosted the first competitive social housing hackathon this past May in London. Four UK housing associations – including Great Places, Places for People and Metropolitan Thames Valley – were teamed with members of the AWS Partner Network (APN), and had 36 hours to analyse one of four housing problems and hack a solution.