Blaine Manor housing gets go-ahead
Article via Idaho Mountain Express. Low-income project would bring 60 units to downtown Hailey After years of false starts, seniors will be coming back to Blaine Manor. The Idaho Housing and Finance Association approved $5.79 million over 10 years in tax-credit financing to build a 30-unit apartment block on the fallow lot that once held […]
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 […]
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 […]
Tax Reform — Federal Policy Impacting Affordable Housing
For the first time, the National Association of Home Builders has agreed to support converting the Mortgage Interest Deduction (MID) to a tax credit. By shifting the MID to a tax credit, all tax payers, not only those who itemize, can benefit. The tax credit also provides the same percentage cost reduction to all homeowners […]
The Housing Affordability Pickle
The Housing Affordability Pickle Valley cities face a complex puzzle of jobs, housing, and long-term viability “If jobs-versus – [housing] rentals in the classifieds are a kind of balance sheet to economic health, the situation is totally out of whack considering the discrepancy in column inches for each side of the equation.” Sun Valley Magazine discusses […]
Every Friday $2.2 Million in paychecks drive away from the county and our economy.
In order to enhance the social fabric of our community people must live and work in the same area. Those who do make an “investment” in their community by attending social events, frequenting restaurants, volunteering at their children’s schools, shopping locally and supporting charitable causes. In 2014, the State of Idaho reported that over 3800 […]
Who are the applicants?
Resort Personnel — Everyone from the folks that left the mint on your uncles pillow when he stayed at the lodge to the ski patrol person that rescued you with a toboggan when you blew your ACL in the bowls. Emergency Personnel — Right.. the guy that saved your life when you were having a heart […]
COMMUNITY HOUSING: It’s a balancing act.
One might argue that Community Housing programs are unnecessary. ” Let the free market forces level the playing field; do not engage in social engineering,” is the cry heard most often. The problem with that point of view is that in order for the fee market to address the problem, wages, and therefore prices of […]
It’s simple: If you can’t afford to live here, you won’t work here.
The supply of moderately priced housing is critical to the economic viability of the Wood River Valley. Every employer facing hiring decisions is confronted with not being able to recommend affordable housing options for prospective employees. Until we, as a community, can create a supply of quality housing options at moderate prices we will struggle […]
What is an affordability gap anyway?
An AFFORDABILITY GAP is the difference between the median selling price of homes and the amount purchasers (earning median household income) can afford to pay for them. Normally, purchasers with fixed wages are limited to a target purchase price of roughly 3 times their annual wages. In 2016, over 87% of all homes sold in […]