Local Tools to Address Housing Affordability 2022 (NLC report) - summary
The National League of Cities (NLC) comprises voices of America’s cities, towns, and villages, represented by local leaders. As an organization, NLC is strengthening local-level leadership and driving federal policy interventions. The report we have summarized here, serves as an update to their 2019 report, on Local Tools to Address Housing Affordability: A State-By-State Analysis. This update advances the conversation around local-level policy innovations which are furthering the cause of housing affordability and attempting to tackle this crisis across American cities.
Builders Patch • September 13, 2022
California doubles down on its housing laws
In November, Attorney General Rob Bonta created a Housing Strike Force to target local governments that don’t comply with state laws. The state’s Department of Housing and Community Development has been sending letters to local governments telling them that they are out of compliance with state regulations. In August, the agency announced a first-of-its-kind investigation into San Francisco’s notoriously complex development process.
The New York Times • September 12, 2022
Affordable housing: How manufactured communities can drive a better future
In the two years since the pandemic, median home prices have jumped 36.5%, according to data from the US Department of Housing and Urban Development. While there is no single fix, one solution may be overlooked: manufactured housing. These communities offer advantages for buyers and investors.
GlobeSt.com • August 29, 2022
More homes for sale and less demand, but first-time buyers still struggle to get in the door—what you can do
Home affordability hit another low for first-time buyers in the second quarter of the year, according to the most recent analysis of the nation’s largest metropolitan areas. Though there were more listings on the market, on average, the combination of climbing list prices and stagnant wages means many buyers would struggle to afford them.
Market Watch • September 12, 2022