The Bloomberg Philanthropies award will fund up to 300 apartments, with city officials expecting sharply lower utility costs for residents.
Even accounting for factors lenders said would explain disparities, people of color are denied mortgages at significantly higher rates than white people.
The state housing agency has cited two major sports arenas for cutting backroom deals with developers that shortchanged the public on affordable units. The agency is now investigating a third.
It doesn't create much new housing and distorts the housing market, providing little if any help for low-income households. It's no substitute for broad liberalization of zoning policies.
The state has instituted a new set of tenant eviction protections that will extend through next summer. Additionally, the state’s Rental Relief Program still has over $700 million for potential renters in need.
The city’s program has provided housing and support to over 280 residents since 2016 and has saved the city millions in police, jail, ambulance and detox services. Now the city is looking to expand.
The city has received 45,000 applications for its rental assistance program. That's more than twice the maximum number of renters the city expects to be able to help with the latest round of funding.
The eviction moratorium expired last weekend, and despite pleas from Congress and advocates, the White House has said the CDC cannot extend the order any further, putting millions at risk of losing their housing.
There is a growing movement for raising the federal minimum wage to $15 an hour to help reduce stress on low-wage workers. But a new report reveals that a $15 hourly wage isn’t always livable.
A survey has found that one out of three renters nationally want to “upsize” their apartments for business reasons or family growth. In South Florida, that has increased the demand for larger rental units.
The Michigan governor has proposed using $100 million in federal COVID-19 relief funds to build 2,000 affordable housing units across the state. The development would create housing for 6,000 residents and 1,600 jobs.
Gov. Gavin Newsom and lawmakers agreed to convert former hotels into permanent housing with federal coronavirus relief dollars and provide an additional $2 billion over two years to local governments.
Housing advocates agree that California’s Project Homekey had a significant impact on the Fresno community, but there is still more that must be done to ensure all residents have safe, affordable housing options.
In 22 states, the share of renters in debt increased.
State and local bans have been of some help in keeping renters in their homes, but the federal moratorium hasn't had much impact. Targeted cash relief and an abundant housing market are the best tenant protections.
State laws and local practices vary widely, so the impact on budgets will defy generalizations. But it’s unlikely that rising revenues will uniformly cover impending growth in municipal costs.
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