A severe shortage of affordable and available homes - The Gap Report 2023 (summary)
Check out key takeaways on the affordable rental housing shortage from The Gap report (2023), published by the National Low Income Housing Coalition. Find out which states are lagging behind and which ones are doing well in tackling the affordable housing shortage for ELI households.
Builders Patch • Apr 24, 2023
New York Officials Failed to Address the Housing Crisis. Now What?
It seemed like 2023 would be the year that New York would finally take the most consequential steps in decades to address the state’s dire housing shortage, with the Governor's Housing Compact. Alas, the plan collapsed last week amid closed-door budget negotiations between Ms. Hochul and Democratic lawmakers, dragging down nearly every major housing proposal with it.
The New York Times • Apr 27, 2023
LA commission aims to make it cheaper, quicker to build affordable housing
A Los Angeles city commission unanimously approved amendments to the city’s Site Plan Review Ordinance Thursday with the goal of streamlining and increasing affordable housing projects. There are several challenges with financing housing for the homeless in LA, but this is a step in the right direction.
Los Angeles Daily News • Apr 27, 2023
US consumer confidence hits nine-month low; housing market bottoming out
U.S. consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year.
Reuters • Apr 25, 2023