Biden’s big budget proposal expands housing programs
President Biden’s $6 trillion budget proposal seeks a new boost to the low-income housing tax credit (LIHTC) program, a major increase of Housing Choice Vouchers, and other significant investments in housing.
Affordable Housing Finance • June 2, 2021
Affordable housing's problem with fragmented funding
Costs are a major challenge in the affordable housing market segment. The requirement to keep costs down requires multiple funding sources, which lead to fragmented and complex deals that are often too challenging to develop. A new report from the Terner Center for Housing Innovation highlights the fragmented nature of affordable housing and calls for more streamlined alternatives.
GlobeSt • May 28, 2021
San Francisco is about to see a wave of affordable housing projects bring 900 homes to the city
A decade-long push by city officials to pressure office and market-rate developers to carve out land for affordable housing is starting to pay off. Affordable builders have been picked to construct nearly 900 units on nine sites scattered around San Francisco, with the majority concentrated in the South of Market where the tech boom of the 2010s was most prominent.
San Francisco Chronicle • May 28, 2021
D.C. to pour a record $400 million into affordable housing this year and next
D.C. Mayor Bowser announces plans to invest $400 million into affordable housing production in the District, a record-setting figure that comes amid renewed pleas from housing advocates to increase options for low-income residents. Her proposal would provide an immediate boost to the Housing Production Trust Fund — the city’s primary tool for financing affordable housing — by placing an additional $150 million into the fund for the current fiscal year, with $250 million more allocated for fiscal 2022.
The Washington Post • May 24, 2021