In the News

South Florida Community Land Trust Open House and Workshop

Source: South Florida Community Land Trust 

Pre-Purchase Workshop South Florida Community Land Trust (CLT) is selling a recently renovated, 2 bedroom / 1 bathroom home under the Community Land Trust model. This beautiful home has recently updated appliances, is hurricane resistant, and has energy efficient features. Priced below $100,000. If interested in purchasing you must attend the pre-purchase workshop.  Learn more and RSVP

  • July 9:  Open house is 10AM-1PM at 720 NE 59th Court, Oakland Park, FL
  • July 12:  Pre-purchase workshop is at 3801 South Pine Island Road, Davie, FL 33328 (Davie Pine Island Park Multipurpose Center)

 

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.


 

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...



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