Gap Report 2022 by NLIHC: A shortage of affordable rental homes
In our most recent blog, we discuss a few key takeaways on affordable rental housing shortage from 'The Gap' report (2022), published by the National Low Income Housing Coalition.
Builders Patch • August 11, 2022
California needs to think outside the box on homelessness
Los Angeles has made the news recently for two actions that approach the homelessness crisis from very different angles. Faced with a growing public outcry against the proliferation of shanty-towns, spilling down one major thoroughfare after the next, the city council voted 11-3 to ban encampments within 500 feet of schools and day care centers.
The Nation • August 12, 2022
HUD awards $41 million to boost local affordable housing and community development
The U.S. Department of Housing and Urban Development (HUD) announced Tuesday that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building for Affordable Housing and Community Development program, also known as Section 4.
U.S. Department of Housing and Urban Development • August 16, 2022
The 12 least affordable housing markets in the U.S.
According to RealtyHop’s housing affordability index, many cities in the U.S. are still difficult to afford. Out of the 100 cities in the index, the average American would have to dedicate at least 40% of their income to own a home in 42 of them.
CNBC • August 16, 2022
Mayor Wu announces $50 million available for affordable housing
Mayor Michelle Wu announced Wednesday that the City of Boston has released two Requests for Proposals (RFP), totaling $50 million for affordable housing projects. This funding is available to create and preserve rental, cooperative, and homeownership developments in Boston.
City of Boston • August 17, 2022