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Affordable Housing News for June 2016

 

11 Million Americans Spend Half Their Income on Rent

Source: CNN Money/Kathryn Vasel

The number of renters dedicating at least half of their income toward housing hit a record high of 11 million people in 2014, according to the annual State of the Nation's Housing Report from the Joint Center for Housing Studies of Harvard University. A total of 21.3 million are spending 30% or more of their paycheck to cover the rent -- also a record high. Personal finance experts generally suggest budgeting around 30% of monthly income to cover housing costs. But that's getting harder to do with rent prices rising faster than wages.  More...


 

Pessimism About Prolonged Housing Affordability Crisis is On the Rise, 2016 How Housing Matters Survey Finds

Source: MacArthur Foundation

Americans are losing faith that the housing crisis that began nearly a decade ago is over. A significant majority (81%) continues to believe that housing affordability is a problem in America today, according to a new survey of housing attitudes released today by MacArthur. While stable, affordable housing is viewed as a fundamental component of economic security for American families, nearly seven in ten adults (68%) believe that it is more challenging to secure such housing today than it was for previous generations. Still, more than three in five adults (63%) believe a great deal or fair amount can be done to address problems of housing affordability, and the same proportion (63%) believes this issue has not yet received enough attention from presidential candidates. More...


 

Webinar and Report: Opportunity Mapping

Source: National Housing Conference (NHC)

Learn the importance of opportunity mapping in developing more equitable housing policies. Using geographic data is becoming more important as federal programs increasingly focus on increasing access to opportunity. In this complimentary webinar, speakers will provide an introduction to opportunity mapping and outline its importance in developing more equitable policies based on research from NHC's newest brief, "Opportunity Mapping." Read the report and register for the webinar held on June 21st.


 

South Florida Banks Join $25M Community Development Fund Focused on Affordable Housing

Source: South Florida Business Journal

There's a new fund in town, and it's made up of banks that are interested in community development and affordable housing. Miami-based Community Development Fund Advisors LLC on Monday announced the launch of the $25 million Community Development Fund. It will focus on investing in fixed-income and mortgage-backed securities tied to properties in low- to moderate-income neighborhoods and affordable housing.   More...


 

BHC News, Summer Edition, Just Published

Source: Broward Housing Council

The Broward Housing Council’s quarterly newsletter, BHC News, for Summer 2016 has been published. The Summer edition highlights HOPE, Inc's recent Fair Housing Event, Broward's Homeless Population, National Housing Statistics, Landlord Recruitment Initiative, Foreclosure Assistance, funding opportunities and more. You can read the BHC News Summer 2016 edition online and subscribe to receive the quarterly newsletter emailed to you directly. More...


 

New Landlord Recruitment Initiative Underway

Source: Broward County Homeless Initiative Partnership

Broward County’s Homeless Initiative Partnership has announced the implementation of a new Landlord Recruitment Initiative. This unique initiative matches Broward County landlords who have homes to rent, with individuals and families who are experiencing homelessness. Rent is guaranteed by local government, state and federally funded programs is implemented locally through Broward Partnership for the Homeless, Broward Outreach Center and members of the Broward County Homeless Initiative Partnership. More...


 

HUD Kicks Off National Homeownership Month

Source: HUD Press Release

The U.S. Department of Housing and Urban Development (HUD) kicks off National Homeownership Month by recognizing how homeownership enhances lives and contributes to thriving communities we call home. “Dare to Own the Dream” is the theme of this month-long recognition, reinforcing the long-held belief that owning a home remains one of the cornerstones of the American Dream. When President Obama took office nearly eight years ago, the nation’s housing market was in free-fall, unemployment was rising and many families were left feeling trapped and anxious about their mortgages. He immediately took action to address these issues and to protect the middle class. The steps he took helped millions of Americans stay in their homes, save money on their mortgages and turn their communities around. More...


 

Key Findings on Housing Affordability

Source: International City/County Management Association (ICMA)

Housing affordability in the United States has been a widely discussed topic since the end of the Great Recession. Driven in part by rising costs associated with high demand, and in part by slow or stagnant wage growth, the need to develop affordable housing options is quickly becoming a higher priority for many communities. Our re­search snapshot highlights four key findings on housing affordability impacting local governments across the country.   More...


 


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