INVESTORS ARE BUYING MOST OF NEW YORK CITY’S AFFORDABLE HOUSING AND FLIPPING IT FOR PROFIT
A new report by the Center for NYC Neighborhoods found that investors who buy and flip homes accounted for 62 percent of affordable home purchases in New York City in 2017. It also found that millennial homebuyers are shut out of the housing market and that three-quarters of the city’s senior low- and moderate-income homeowners […]
National Housing Trust Fund
NLIHC Conducts Capitol Hill Briefing on How States Are Using the HTF to Build Homes for the Poorest People in America NLIHC held a Capitol Hill briefing titled “Bold Housing Solutions” on October 29. The briefing informed more than sixty staff of members of Congress about the national Housing Trust Fund (HTF); the work underway […]
Reimagining CLT Mortgages and Deed Restricted Programs
Freddie Mac’s excited to expand our support for shared equity homeownership programs. We’re relatively new to the shared equity homeownership field, but we’ve listened to market feedback, taken a fresh look at existing mortgage offerings and conducted in-depth research. With the assistance of national, state and local community organizations, such as Grounded Solutions Network, the […]
Social Issues
by Veronica Gaitán Many social issues stem from a history of unstable, unaffordable, and poor-quality housing. Research shows that housing is the first rung on the ladder to economic opportunity for individuals and that a person’s access to opportunity is intrinsically linked with that of the community at large. As the gap between rents and […]
October Arch Fact
The United States’ housing market is at its least affordable in a decade. An October report by the Urban Institute found that 1 in 4 rural renters spends more than 50 percent of their income on rent. And the Harvard Joint Center for Housing Studies found that in 2017, nearly half of all renters across […]
Solutions to the affordable housing puzzle
Original post: Idaho business review In many resort communities there is a real need for affordable housing that serves younger and entry-level residents and new employees. Both renters and potential homebuyers are now facing an increasing affordability squeeze, and this is expected to continue. The disparity between local paychecks and rents and mortgages is a […]
Take Action!
The Campaign for Housing and Community Development Funding (CHCDF) steering committee sent a letter to the House and Senate Appropriations Committees urging lawmakers to adopt the highest funding levels possible for HUD programs and to include a voucher mobility demonstration as they negotiate a final FY19 spending package. CHCDF is an NLIHC-coordinated coalition of 70 […]
This Idaho area has one of the most extreme income inequality gaps in the country
Idaho Statesmen Original Article: Click here July 22, 2018 07:30 PMUpdated July 23, 2018 04:10 PM One Idaho county and its county seat are among the spots in the U.S. with the worst income inequality, thanks to top earners who rake in nearly 50 times what the average worker makes, according to new research from the […]
House Subcommittee Reviews Regulatory Burdens on Affordable Multifamily Development
The House Financial Services Subcommittee on Housing and Insurance held a hearing on September 5 to review “The Cost of Regulation on Affordable Multifamily Development.” During the hearing, industry experts identified specific regulations at the federal, state, and local levels that can increase the cost of affordable multifamily housing development – worsening the current shortage […]
BLAINE COUNTY RESIDENTS CAN APPLY FOR 50 NEW HOUSING VOUCHERS
September 4, 2018 This is very welcome news. For the first time in a number of years HUD has the capacity to increase the number of “mainstream” rental vouchers, increasing the opportunity for non-elderly persons with disabilities to live in the community rather in than in an institution. We’re confident our region’s housing authorities will […]