Affordable housing is housing which is deemed affordable to those with a median household income as rated by the national government or a local government by a recognized housing affordability index.
Tag: affordable housing
Governor Hochul Announces Financing for more than 700 Affordable Homes across New York
Governor Kathy Hochul announced $236 million has been allocated through bonds and subsidies to create or preserve 732 affordable, supportive, and sustainable homes across...
Midtown Detroit Apartment Project To Break Ground, Adds Affordable Workforce, Missing Middle Housing
A new mixed-use project is preparing to begin construction in Midtown Detroit. The building will increase the city’s much-needed inventory of workforce-attainable housing, while...
Cityview Completes The Parker, a 123-unit Multifamily Project in West Los Angeles
Cityview, a premier multifamily investment management and development firm, has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West...
Affordable Housing Investment Brokerage Closes 120-unit HAP Deal for $8.45M near Atlanta Georgia
Affordable Housing Investment Brokerage Inc. (AHIB) recently advised on the $8,450,000 sale of Heritage Apartments, a 120-unit apartment community operating with a project-based Section...
HUD Announces $212 Million Funding Opportunity to Expand Affordable Housing Options for Low-Income and...
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing announced that $212 million in funding is available to expand the...
Hudson Valley Property Group Completes $47M Revitalization of Rockland County New York Apartment Complexes
Hudson Valley Property Group ("HVPG"), a leading, national affordable housing preservation company, announced the completion of a $47 million preservation and renovation project at...
Governor Hochul Announces Completion of 184-Unit Affordable Housing Development in Utica
Governor Kathy Hochul announced renovations are complete on Parkedge Townhomes in Utica, a 184-unit Mitchell Lama development for families. Each unit at the 50-year-old...
CPP Announces Acquisition of Affordable Housing Community in Layton Utah
Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Skyline View Apartments in Layton, Utah. The...
RealPage reports rent-to-income ratio flip
RealPage reported this month that wages are outpacing rents by a widening margin. Moody's Analytics tells a much different tale. After reporting...
FHFA Accepting Membership Applications for its Advisory Committee on Affordable, Equitable, and Sustainable Housing
On September 13, the Federal Housing Finance Agency (FHFA) announced it will begin accepting membership applications for its Federal Advisory Committee on Affordable, Equitable,...
A changing housing market has led to the rise of “attainable” housing brands
It’s no secret that housing costs have gone up in the last few decades—a lot. Buying a home has become extremely expensive in many...
Rising mortgage rates and home prices put a damper on housing affordability
Rising home prices and interest rates coupled with elevated construction costs, low existing inventory and solid demand resulted in a significant decline in housing...
NMHC encouraged following HUD meeting on expanding housing supply
Yesterday, NMHC President Sharon Wilson Géno participated in a roundtable discussion with HUD leaders, housing providers and other housing stakeholders on policy solutions to...
Costa Mesa adds housing through rehabs
As part of a statewide initiative to remediate its housing shortage, the state of California has mandated that the city of Costa Mesa zone...
Housing affordability posts solid gain but still much lower from a year ago
Solid nominal wage gains (unadjusted for inflation) combined with lower mortgage rates and home prices helped to boost housing affordability at the start of...
