Homeownership has always been a part of the American dream. All you have to do is work hard, and you can get your piece of the economic pie. We’re a country built on the promise of social mobility, and for many Americans, owning a home means you made it to the top.
17 Sep 2018
27 Jul 2018
A responsible urban development, designed by and for the citizens, that places people at its heart. A consensus project, in which all sides have worked and collaborated so that Madrid projects an image of the 21st century.
02 Mar 2018
26 Feb 2018
The “proptech” companies and the most innovative financial institutions are already offering services that improve the customer experience in the real estate sector.
09 Feb 2018
When it comes to how much home you can afford, the answer is not always as cut and dried as the pre-qualification you receive from your lender, says BBVA Compass Director of Real Estate Originations Jose Pascual.
Pascual says that lenders do their best with what they’re given in order to pre-qualify customers for an affordable amount, but there are considerations outside their purview that borrowers should also consider.
05 Feb 2018
Deciding to buy a home ranks among the biggest decisions a person can make, which is why it’s wise to go into the process with eyes wide open to your unique financial situation. Doing so will help ensure that before pen hits paper on the loan application, the approval that will get you the house of your dreams is in the proverbial bag.
There are a few steps anyone looking to get a home loan – aka mortgage – can take before application in order to be sure that they are best positioned for approval.
20 Sep 2017
After Tropical Storm Allison drenched Houston and caused billions of dollars in damages in 2001, Harris County spent tens of millions of federal dollars to redraw its floodplain maps to more accurately reflect the risks. Now, 16 years later, after Hurricane Harvey left some homes flooded for the third time in as many years, those same maps are in the crosshairs.
15 Sep 2017
A complete picture of the damage wrought by Hurricanes Harvey and Irma is still coming into focus, but what is clear is that among the hardest hit are homeowners.
For these homeowners, many without flood insurance, starting the rebuilding process can be an overwhelming task, and just knowing where to begin to get the money needed to rebuild may seem complicated. According to BBVA Compass Insurance Agency Managing Director Analicia Geisen, a good place to start is with the homeowner’s insurance company.
18 Aug 2017
Urbanization in Latin America began to increase in the second half of the 20th Century, to reach nearly 80% of the population today. In spite of the great expansion in recent decades, BBVA Research predicts that there will be a certain moderation in this growth, until it reaches 86%.
12 Jul 2017
The agreement reached with Metrovacesa Suelo y Promoción (hereinafter Metrovacesa S.A), in which BBVA holds a stake, represents a significant step forward in the bank’s real estate strategy. BBVA participated in a non-monetary capital increase, together with the other shareholders, through which the bank will transfer high-potential land holdings intended for housing developments valued at €431 million.
27 Jun 2017
Low- to moderate-income seniors have a new place to call home in Huntsville, Ala., after the grand opening on June 15 of Lenox Park Apartments, a 60-unit development financed by BBVA Compass.
23 Jun 2017
Halfway into its five-year, $11 billion commitment to serving low- to moderate-income communities, BBVA Compass has made tens of thousands of pinpoint investments and loans that have changed lives and created opportunities.
24 May 2017
BBVA Compass shored up its commitment to alleviating Colorado’s affordable-housing crisis, closing a $1.8 million equity equivalent investment this month in the Mile High Community Loan Fund so that the organization can continue to give affordable-housing developers access to the capital they need.
01 May 2017
One of the first projects BBVA Compass pursued after the bank made its $11 billion commitment to low- to moderate-income communities in late 2014 has come online and put 128 low-income Austin families in green homes zoned to some of the area’s best schools.
17 Apr 2017
07 Apr 2017
BBVA Compass’ investment in a newly constructed affordable housing project in Fort Worth was held up as a model of public and private cooperation last week during a VIP tour of the facility.
BBVA Compass is relying on a variety of vehicles — including $16.3 million in federal Low-Income Housing Tax Credit equity, a $17.2 million construction loan, $5.7 million in permanent debt, $1.2 million from the City of Fort Worth and $700,000 from the City of Fort Worth Housing Finance Corporation — to finance the 140-unit development known as Columbia at Renaissance Square.
16 Mar 2017
BBVA’s strategy to curb its exposure in the real estate market continues to bear fruit. The Group announced the sale of a 14 office-building portfolio in Spain, codenamed Project Boston.
15 Feb 2017
Momentum, BBVA’s program in support of social entrepreneurship, is today a benchmark in the sector. Since its first edition in 2011, it has driven the expansion process of 56 companies with high social impact in Spain, 30 in Mexico and six in Peru. Many of them have succeeded in making a niche for themselves in the market thanks to their pioneering products or new approaches to business.
17 Jan 2017
22 Sep 2016
BBVA Compass is helping to add a fitting footnote — housewarming gifts — to the heartwarming story of some of Los Angeles’ most at-risk residents getting homes of their own.
24 Aug 2016
Renewable energies are not only an investment opportunity, a response to the planet’s urgent need for sustainability and a change that will improve our lives –they can also rescue remote populations from their isolation and help ease their problems. Microgrids are making giant strides in every corner of the world, combining goals and mobilizing interests.
04 Jul 2016
BBVA Group and the Regional Government of Catalonia signed a deal to roll out a social housing project. Within the framework of the agreement, the institution will temporarily transfer tenancy rights over 1,800 housing units to the Generalitat. The 8-year agreement also sets out a social inclusion plan to improve the personal prospects of the beneficiaries. With this social agreement, BBVA’s social housing portfolio now stands at 7,000 units in Spain.
29 Apr 2016
Those visiting his office for the first time will find it hard to believe that the site for the Distrito Castellana Norte project can actually be seen from Antonio Béjar’s desk on a top floor of Plaza Castilla.