Wednesday, April 21, 2010

Real Estate Today Show and news on Rental Housing in Cedar Rapids

Attended the Cedar Rapids Area Association of Realtor's monthly meeting on Wednesday, which covered the subject: Credit, Financing and Underwriting Process. There is a lot of changes that have happened in the mortgage lending process, since 2008.

The City of Cedar Rapids is exploring a change in Municipal Code 29 (current code), which governs rental housing. Unlike the City of Iowa City, Cedar Rapids is not utilizing a citizen board or commission in the review of our current rental housing ordinance. This is disappointing when you consider the language found in our current Local Home Rule City Charter, which embraces the use of citizen boards and commissions.

Cedar Rapids Landlords Protest Proposed Fees - KCRG - Mark Geary
Cedar Rapids' rental fees are, in some cases, as much as four times lower ... out of the general fund or taxes,” Chief Housing Inspector Al Pansegrau said. ...

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