Bipartisan bill would bring $1.5 billion to spur new housing
The bipartisan bill would authorize $1.5 billion for federal grants to local governments that commit to increase their supply of local housing, to be distributed over the next five years. The legislation aims to address the U.S. affordable housing crisis by giving local leaders resources to overcome obstacles to new construction.
Bloomberg CityLab • March 23, 2021
As the pandemic continues, officials look to long-term housing options with hotels
When COVID-19 swept across the US last year, it prompted a bevy of emergency public health responses, including the leasing of hotel and motel rooms to safely house vulnerable homeless people. Though far from perfect, the projects got thousands of people into non-congregate shelter and helped prevent further COVID outbreaks. As the pandemic drags on, state and city officials are looking to expand or revive those leasing efforts, or outright buy hotels as a permanent housing solution.
Shelterforce • March 11, 2021
Fannie Mae offers affordability incentives for multifamily borrowers
Fannie Mae is addressing the nation’s affordable housing shortage with sponsor-initiated affordability (SIA) incentives for multifamily borrowers through its Delegated Underwriting and Servicing (DUS) network of lenders. The SIA incentives aim to preserve workforce and naturally occurring affordable housing by encouraging borrowers who are seeking financing from Fannie Mae to agree to rent and income restrictions.
Affordable Housing Finance • March 24, 2021
Los Angeles’s standard plan program for ADUs takes aim at the housing crisis
The construction permitting process can be arduous and expensive, especially in a city as large as Los Angeles. But a new program aimed at speeding up approvals for accessory dwelling units (ADUs) could help to combat the region’s affordable housing shortage.
Metropolis • March 24, 2021
Democratic mayoral candidates talk tenants and housing
While candidates found some common ground on moving away from the city’s shelter system toward more permanent and affordable housing, as well as support for rent stabilization and reforming Mayor Bill de Blasio’s mandatory inclusionary housing (MIH) program, they varied on cancelling rent, how they would generate revenue, and more.
Gotham Gazette • March 4, 2021