News Digest #24 / 2022

^{Building affordable housing from Rwanda to Brooklyn}

In conversation with Brian Halusan of St. Nicks Alliance

Team Builders Patch sat down for a fireside chat with veteran affordable housing developer Brian Halusan, who is currently the Director of Real Estate Development at St. Nicks Alliance in Brooklyn. Read through to discover Brian's experience of developing affordable housing and community infrastructure projects in different places, from the highlands of Rwanda to your right-by-the-corner neighborhood in Brooklyn.

Builders Patch • October 10, 2022

Read full article

–––––––––––––––––––––

U.S. Treasury sets new tax credit rule to expand affordable housing

The U.S. Treasury moved to preserve and expand the supply of affordable housing by finalizing a new tax credit income rule that may qualify more housing projects and extending deadlines for when they must be placed in service. Rather than a single income limitation for rent-restricted units, the new rule will allow properties to qualify on the basis of average income for all units.

Reuters • October 7, 2022

Read full article

–––––––––––––––––––––

^{Floridians hit by a hurricane and a housing crunch}

Rental prices have increased by more than 30 percent over the last two years in Florida and it features on the list of the most unaffordable places to live in the United States. With the damages from Hurricane Ian adding to the housing crisis in the State, more affordable housing stock is needed now, more than ever.

The New York Times• October 4, 2022

Read full article

–––––––––––––––––––––

^{California’s ‘racist’ Article 34 remains an obstacle to affordable housing}

When voters in Oakland, Berkeley and South San Francisco receive ballots in the mail next month, they’ll be asked whether their cities should be allowed to help build more desperately needed affordable housing. The reason for seeking voters’ permission? A 72-year-old provision in the California Constitution requiring local governments to get community approval before developing, buying or funding “low rent housing” – a law voters across the state will choose whether to repeal in 2024.

Mercury News• September 26, 2022

Read full article

–––––––––––––––––––––

‍

‍