In the News

Mapping America's Renters

A new map provides a detailed look at the nation’s twofold housing crisis
Source: The Atlantic/Citylab/Laura Bliss

Jobs may be finally recovering following the Great Recession, but housing has a long way to go before it begins to bounce back. The Census Bureau reported Tuesday that the U.S. homeownership rate has declined to 63.4 percent, the lowest it has been since 1967. A map by the journalist and web developer Ken Schwencke shows just how much the rental market now dominates U.S. cities, even those traditionally defined by high rates of homeownership. “Where the Renters Are” plots 2013 American Community Survey data on who’s renting (red dots) and who’s owning (blue dots) across the country’s census tracts. The dots, each of which represents 25 housing units, are randomly placed within tracts.  More...

 


Factory Built Homes Appeal to Millenials, Boomers Across America

Source: 83 Degrees/Jan Hollingsworth

"Today's HUD-code manufactured homes are as well-built, or even better-built, than a comparable site-built home -- and cost half the price, according to Bill Matchneer, a Senior Attorney at Bradley Arant Boult Cummings law firm in Pittsburgh who once managed HUD's manufactured housing program. A brand new entry level "shade and shelter" model -- with central air and all the comforts of home -- can be had for as little as $30,000, while larger, multi-section models with vaulted ceilings, fireplaces, walk-in showers and spa tubs run $60,000 or more." More...

 


More Older Americans are Being Buried by Housing Debt

Source: Miami Herald/Paul Wiseman

"Of all the financial threats facing Americans of retirement age – outliving savings, falling for scams, paying for long-term care – housing isn’t supposed to be one. But after a home-price collapse, the worst recession since the 1930s and some calamitous decisions to turn homes into cash machines, millions of them are straining to make house payments. The consequences can be severe. Retirees who use retirement money to pay housing costs can face disaster if their health deteriorates or their savings run short. They’re more likely to need help from the government, charities or their children. Or they must keep working deep into retirement." More...

 


Best Practices: A Supportive Home for Youth Transitioning Out of Foster Care

Reference: Corporation for Supportive Housing (CSH)

The Courtyard, in Fort Wayne, Indiana, is an innovative facility for youth transitioning out of foster care (ages 18-25). The development provides young adults who are homeless, or at risk of being homeless, with affordable housing and 24/7 supportive services. Residents also have the benefit of education and job development programs, a fitness center, an art lab, a community garden and a training kitchen. The Courtyard’s mission statement includes, “Through these efforts, we support the dignity, independence and self-sufficiency of tenants, and respect the tenants’ rights to involvement in their supportive housing community.” Funding was made possible through several federal programs including Low Income Housing Tax Credits (LIHTC), Community Development Block Grant Disaster funds, the HOME Investment Partnerships Program, and the Neighborhood Stabilization Program (NSP) Program and was supplemented by financing from the Federal Home Loan Bank of Indianapolis. More...

 


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