News Digest #20 / 2022

^{State of the Nation's Housing 2022 summary}

Our new blog focuses on key takeaways from the Harvard Joint Center for Housing Studies' annual report on housing.

Builders Patch • August 4, 2022

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Mayor's affordable housing strike force to seek developers for city land

Atlanta Mayor Andre Dickens’ office is still looking for the right person to lead the city’s new Affordable Housing Strike Force, the team he announced during his State of the City address in April, but it is already gearing up to solicit development proposals for city-owned land, officials told Atlanta Civic Circle on Thursday.

Atlanta Civic Circle • August 5, 2022

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^{Affordable housing and new business developments on Springfield City Council agenda}

A $300,000, reduced-interest-rate loan for an affordable housing development in Springfield is on the agenda and may be voted on this week. The project is called Nordic Landing and it would be located at 810 West Catalpa Street. That’s just west of Grant Avenue and south of Grand Street.

OzarksFirst.com • August 7, 2022

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^{The challenges facing the affordable housing market—and how industry leaders can start addressing them}

Based on a 2018 estimate published in Forbes, the aggregate value of U.S. residential housing stock is almost $32 trillion. During the pandemic, median house prices have risen by almost a third, increasing the value of the total stock of housing. And last year, home sales saw a record year as many individuals vacated cities across the U.S. thanks to the rise of remote work opportunities, search for more affordable housing options and additional space.

Forbes • August 8, 2022

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