Where New York City’s affordable housing push fell short
New York City built and preserved thousands of affordable apartments under Mayor Bill de Blasio. Yet his administration did not go nearly far enough to provide units for the lowest-income New Yorkers, and it hasn’t provided these homes in the places where they’re needed most.
Bloomberg City Lab • December 16, 2021
Kentucky Housing Corporation offers guidance following swarm of tornadoes
In response to last weekend’s swarm of tornadoes, the Kentucky Housing Corporation (KHC) today reminded affordable housing providers of federal assistance and options available under Revenue Procedure (Rev. Proc.) 2014-49 and 2014-50. KHC’s announcement included when to contact the agency concerning available units, uninhabitable units and major property damage.
Novogradac • December 15, 2021
This block used to be for first-time homebuyers. Then global investors bought in.
Over the past six years, 19 of the 32 homes on Tammy Sue Lane have been purchased by a billion-dollar investment venture, part of an unprecedented flow of global finance into the American suburbs. Less than 10 years old, the company has amassed one of the nation’s largest portfolios of single-family houses, becoming the landlord for tens of thousands of families.
The Seattle Times • December 16, 2021