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Affordable Housing News for September 2016

 

BHC 2015 Annual Report

Source: Broward Housing Council

The Broward Housing Council has published their Fiscal Year (FY) 2015 Annual Report and it is now viewable online. This past August the Broward County Board of County Commissioners accepted the Broward Housing Council’s Report. The purpose of the report is to provide a summary of the resources and programs administered countywide that provide affordable housing to Broward County residents. This report provides a cumulative overview of affordable housing resources and programs on a countywide basis from October 1, 2014 through September 30, 20154. More...


 

These 10 Markets Desperately Need More Housing Inventory

Miami Ranked Forth in Nation


Source: Housing Wire

News of a housing inventory shortage continues to proliferate as the market works in overdrive to try and construct enough houses to meet the high demand. According to a new study from the National Association of Realtors, single-family home construction is currently lacking in 80% of measured metro areas, even as job creation holds steady across the country right now.  More...


 

High Rents Aren't A Problem If You Earn Enough To Afford Them

Source: Zillow

As growth in rents outpaces growth in incomes, rent affordability (the share of the typical American’s income that goes to rent) has steadily deteriorated over the past five years – from a historic average of 26 percent, to roughly 30 percent currently. But focusing only on medians can sometimes hide more than it reveals. In this case, there are sharply different trends at the top and at the bottom of the market. More...


 

Report: Paycheck To Paycheck 2016 • Housing Affordability for School Workers

Source: National Housing Conference

As for any other sector of the economy, the ability of school workers to live near their places of employment is an important aspect of developing strong, inclusive communities. School workers provide essential services to their communities, yet many are unable to afford to live near where they work. Teacher-specific affordable housing programs are important but can also overlook the difficulties faced by other school-related occupations. The 2016 edition of “Paycheck to Paycheck” focuses on the affordability challenges faced by both teachers and non-instructional school workers by highlighting five of the 81 occupations in the Paycheck to Paycheck database: bus driver, child care teacher, groundskeeper, social worker and high school teacher.  More...


 

BHC News, Fall Edition

Source: Broward Housing Council

The Broward Housing Council’s quarterly newsletter, BHC News, for Fall 2016 has been published. The Fall edition highlights the Franklin Park Estates ribbon cutting, national rental demand, housing affordability, interactive tools, funding opportunities and more. You can read the BHC News Fall 2016 edition online and subscribe to receive the quarterly newsletter emailed to you directly. More...


 

Broward Housing Council Welcomes New Chair

Source: Broward County Press Release

James Carras, Principal of Carras Community Investment, Inc., was elected Chair of the Broward Housing Council during the Council's meeting on August 26, 2016. Carras will lead the 19-member Council, whose vision statement is that "All residents of Broward County should have opportunities to access safe, decent and affordable housing countywide, which is the cornerstone for healthy, successful and sustainable communities." "I look forward to working with the members of the Housing Council in better understanding and promoting approaches, both public and private, to address affordable housing, workforce housing and homelessness," Carras said. More...


 

Report: Nearly Two-thirds of Florida Workers Earn Less Than State Average

Source: Orlando Sentinel/Marcia Heroux Pounds

The bulk of Florida workers, 65 percent, make below the state average annual salary of just over $39,000, according to the annual “State of Working Florida” report produced by Florida International University. A summary of the Labor Day report, by FIU’s Center for Labor Research and Studies, was released Thursday. Government data shows that most workers with low earnings — annual earnings of $17,143 and below — are concentrated in occupations such as sales (such as a retail sales workers) and related jobs, food preparation and service jobs, and office and administrative support jobs, according to the report. Some of these occupations have large numbers of workers making less than $10 an hour. Of workers in the food industry, 53.6 percent earn wages below $10 per hour. Of those working in building, grounds cleaning and maintenance, 36.7 percent earn less than $10 an hour. More... Download FIU Report



HUD Expands Family Self-Sufficiency Program to Privately Owned Multifamily Properties

Source: U.S. Department of Housing and Urban Development (HUD) Press Release

The U.S. Department of Housing and Urban Development announced today that owners of privately owned apartment buildings under Section 8 contract can now offer Family Self-Sufficiency programs to the more than one million households living in their properties. HUD will now allow owners of multifamily properties to use funding from residual receipt accounts to hire service coordinators for their own Family Self-Sufficiency program. Read HUD’s notice to multifamily property owners. Family Self Sufficiency (FSS) is a HUD program that provides incentives and supports to help families living in multifamily assisted housing to increase their earned income and reduce their dependence on public assistance programs. FSS promotes the development of local strategies to coordinate the use of HUD rental assistance programs with public and private resources, to enable eligible families to make progress toward economic independence and self-sufficiency. More...


 

Affordable Housing Hall of Fame

Source: Affordable Housing Finance/Donna Kimura, Christine Serlin

No one builds affordable housing on their own. It takes a seasoned development team, proper financing, and the right housing policies for a deal to come together, with each component as critical as the next. It also takes leaders in each of the different areas to step up and push each segment of the industry to go further, do better. These individuals help set the foundation for the work done by the larger industry. Four of these leaders are Sen. Maria Cantwell, Michael Novogradac, Tony Salazar, and J. Ronald Terwilliger. You may not have ever met them, but if you work in affordable housing, you’ve been touched by their work. Each in a different way has propelled the industry forward. Whether it was through legislation, education, development, or philanthropy, they’ve made lasting contributions to affordable housing. For their achievements, they will be inducted into the Affordable Housing Hall of Fame this year. They will be recognized at AHF Live: The Affordable Housing Developers Summit, Nov. 15-17, in Chicago.  More...


 

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