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Affordable Housing News for May 2016

 

Atlanta Passes Ordinance For More Affordable Housing

Source: Atlanta 90.1 WABE/Tasnim Shamma

Starting in July, developers building multi-family homes in the city of Atlanta who receive public funds will have to set aside up to 15 percent of their units for affordable housing. Atlanta City Council passed an ordinance for more affordable housing in the city Monday night. The resolution was introduced by Atlanta City Councilman Andre Dickens. Invest Atlanta currently requires developers to whom it grants tax breaks to set aside 10 percent of total units for individuals who make 80 percent of the area median income. The ordinance that passed Monday night requires any developer receiving subsidies from a development authority to set aside 15 percent of units for individuals who make 80 percent of the area median income or 10 percent of units for lower-income residents -- those who make 60 percent of the area median income. More...


 

Homeless Population Declines by 12 Percent in Broward County

Source: Broward County Press Release

This year's Broward County Point-in-Time (PIT) Count, conducted over a three-day period on January 26-28, 2016 shows that the total number of sheltered and unsheltered persons experiencing homelessness in Broward County has decreased by 12 percent, from 2,615 to 2,302. The number of unsheltered persons decreased by 5 percent from 815 to 782. Both figures are comparisons to the same count done in January 2015. More...


 

Five Cutting-Edge City Initiatives in Affordable Housing

Source: Multi-Housing News/Dees Stribling

Now is an unusual time in affordable housing. Not because supply isn’t keeping up with demand; that’s been the norm in both good times and bad. Instead, the post-recession years have been giving rise to some particularly creative local initiatives designed to make it more palatable for developers to address the extensive need for less expensive housing. In a report published by the Urban Land Institute in 2014, the organization found that the pool of available affordable housing (according to localized definitions of income) nationwide was about 3.3 million units. The total number of extremely low-income households was 11.5 million, meaning that there were 29 units per 100 households with an income of anywhere from $7,450 to $33,000 per year. “The big areas for innovation in affordable housing at the state and local level are inclusionary policies, reducing barriers and, of course, resources,” National Housing Conference vice president for policy and advocacy Ethan Handelman told MHN.   More...


 

Report: Jobs That Don't Pay the Rent

Source: Make Room USA

Make Room USA published the data of low paying jobs held by 20 million rent-stressed U.S. workers. The report looks at hours worked, types of jobs and why not being able to afford rent affects the nation as a whole.
Why It's Important  • Workers who struggle to pay rent have jobs that are essential for local economies to function. They should be able to live near or where they work. Many rent-burdened workers in such occupations as food service, transportation, and personal care depend on tipping and inconsistent wages for some portion of their income. A bad night for a food server or a slow season for a taxicab driver or construction worker can cause dangerous fluctuation in the amount of money available for rent and living expenses, especially for low-income workers. When renters must pay such a large share of their income on rent, they are often forced to choose between paying their rent and paying for groceries, medicine, childcare and other essentials. More...


 

 

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