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
Streamlining inspections of affordable housing in California
The California State Legislature recently passed, and Governor Newsom signed, AB 2006, a bill to eliminate duplication in the inspection of affordable housing projects...
Housing affordability falls to lowest level since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great...
Can Biden help housing? White House solution isn’t nearly enough.
At one time or another, every politician—local, state, and federal—promises to help create “affordable housing.” The issue has become especially critical of late with...
Eric Adams addresses housing
The administration of Mayor Eric Adams recently released a plan to address housing issues in New York City . It is called “Housing Our...
More than 600 builders urge Congress to take action to ease the housing affordability...
More than 600 builders from across the nation trekked to Capitol Hill for the National Association of Home Builders (NAHB) 2022 Legislative Conference to...
Costs rising for renters
Rents just hit another all-time high—and that means Americans are spending even more of their paychecks on housing.
According to Realtor.com, the U.S. median rental...
Soaring construction costs drop housing affordability to lowest level in a decade
Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. And ongoing production...
Housing affordability holds steady but supply-side challenges persist
Housing affordability held steady at its lowest level in nearly a decade, as higher home prices offset lower mortgage rates to keep the affordability rate flat...
Reconciliation framework includes $150 billion for housing
President Biden released a framework for a reconciliation bill that would implement his legislative priorities. No text for actual legislation was provided, so the...
How to make housing affordable
An old joke goes as follows:
Patient to doc: “Doc, it hurts when I do this.”
Doctor to patient: “Quit doing that.”
That joke applies to the...
HUD releases new research on increasing affordable housing production and preservation
The U.S. Department of Housing and Urban Development released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers...
HUD announces cross-agency efforts to increase affordable housing supply
The Department of Housing and Urban Development (HUD) on Wednesday announced a series of actions it is taking as part of the Biden-Harris Administration’s plan to create, preserve, and sell nearly...
Absolute zero
Decades of underinvestment and underbuilding continue to deepen a national housing shortage decoupled from demand since the 1980s. This was recently underscored by a...
Affordable housing may not depress neighboring values
There’s this assumption that having low-income housing in your neighborhood has a corrosive effect on your property values, but there are some new reports...
There are better ways to house people than by banning evictions
A common government response to the pandemic has been to freeze evictions to keep people housed. While these moratoria may be attractive on the...
