Tag

Affordable Housing

All articles tagged with #affordable housing

politics19 days ago•23 min saved

Gracie Mansion meeting spotlights housing plans and immigration talks between Mamdani and Trump

NYC Mayor Zohran Mamdani met President Donald Trump at Gracie Mansion to discuss the Sunnyside Yards affordable-housing plan, immigration policy including Temporary Protected Status, and keeping media access amid Trump’s bans. Mamdani stressed working with anyone who can deliver for New Yorkers and signaled a pragmatic, issue-focused dialogue across party lines, with Trump hinting at potential support for the housing project and both leaders emphasizing relief from the city’s cost-of-living pressures.

via CNN|

#affordable-housing #gracie-mansion #immigration

politics19 days ago•14 min saved

Gracie Mansion Talks Put Housing and Immigration Front and Center for Mamdani and Trump

New York City Mayor Zohran Mamdani hosted President Trump at Gracie Mansion for a roughly hour-long discussion focused on affordability and immigration, including the Sunnyside Yard housing plan in Queens; no firm federal commitments were announced, but the talk signaled potential cooperation while underscoring ongoing ideological differences.

via The New York Times|

#affordable-housing #immigration #new-york-city

economy1 month ago•131 min saved

Vouchers fall short as affordable homes sit empty in America’s cities

The AP reports that despite federal subsidies, only a fraction of eligible families receive housing vouchers, while many affordable units sit vacant in cities like Austin, Denver, and Portland. As 60% AMI rents edge toward market-rate, landlords favor quicker market-rate approvals and bureaucratic hurdles for affordable housing persist, highlighting a funding shortfall and access barriers that leave the poorest still without homes even when units exist.

via AP News|

#affordable-housing #economy #housing

economy1 month ago•7 min saved

Vacant Affordable Homes Highlight the U.S. Housing Gap for the Poorest

Despite about 4 million affordable units, the poorest Americans struggle to find housing because most LIHTC-funded homes target around 50% AMI or higher and vacancies are rising as rents near market rate; voucher funding is limited with long waitlists, leaving many extremely low‑income renters stuck in homelessness or paying unaffordable rents, as shown by double-digit vacancy rates for 60% AMI units in cities like Austin, Denver and Portland.

via NBC News|

#affordable-housing #ami #economy

housing1 month ago•9 min saved

Lawmakers push to lower loans for factory-built homes

A new bipartisan housing package aims to reduce the cost of factory-built homes and expand their availability by repealing certain construction rules and pressuring Fannie Mae/Freddie Mac to back more personal-property loans, but interest rates on these loans remain higher than conventional mortgages due to securitization and risk gaps; consumer protections and lender considerations add complexity, keeping the affordability challenge for manufactured housing unresolved even as policy momentum builds.

via Politico|

#affordable-housing #fannie-mae-and-freddie-mac #housing

business2 months ago•4 min saved

JPMorgan backs $750B push to widen homeownership for 500,000 Americans

JPMorgan Chase announced a multi-year, $750 billion plan through 2035 to help 500,000 Americans buy homes and to build or preserve 1 million affordable housing units, including about $200 million for a 342-unit San Francisco project, while ramping up mortgage lending by over 40% and adding 850 Home Lending Advisors as part of its American Dream Initiative.

via New York Post|

#affordable-housing #business #homeownership

finance2 months ago•12 min saved

JPMorgan Stakes $750B for Affordable Housing Push Over the Next Decade

JPMorgan Chase unveiled a plan to invest $750 billion in housing over the next decade, financing about 1 million affordable housing units and helping 500,000 people buy homes, using debt, equity, and grants, as part of its American Dream Initiative and to push pro-growth housing policies; the bank will also hire 850 home-lending advisers and urge collaboration with other lenders.

via Yahoo Finance|

#affordable-housing #american-dream-initiative #finance

real-estate2 months ago•7 min saved

Pocket-Size NYC Digs Sell for $130K—But Space Is the Price

Manhattan’s cheapest pads are tiny (250–364 sq ft) and selling for about $130k–$320k, including a 254-sq-ft NoMad unit for $320k and two HDFC-affordable units under $160k. Space-smart layouts and minimalist design tricks (legs on furniture, wall storage, mirrors) help maximize usability, but buyers should note monthly maintenance ($350–$1,076) and residency/income restrictions on some properties.

via New York Post|

#affordable-housing #interior-design #micro-apartments

policy2 months ago•22 min saved

Texas housing law spurs apartment boom, while suburbs push back

Texas’s SB 840 lets owners redevelop offices, shopping centers, and warehouses into apartments, fueling thousands of new units (at least 8,400 so far) across 19 large cities; statewide multifamily permits have fallen, but those in cities that relaxed zoning have risen. The policy is controversial in suburbs, where higher density and added requirements spark resistance, even as supporters argue that more housing supply can help ease affordability and rents.

via The Texas Tribune|

#affordable-housing #housing #policy

design2 months ago•5 min saved

Fairfax 20: A 170-Sq-Ft Tiny Home That Goes Light on Luxuries, Heavy on Livability

Dragon Tiny Homes' Fairfax 20 is a 170-square-foot, single-floor tiny home priced at $33,700, with a full-size kitchen and bathroom, a lofted sleeping area, ample storage, and large windows; designed for simplicity and livability, it works as a primary residence, backyard ADU, rental, or guest space, reframing tiny living as an affordable housing option rather than mere aesthetics.

via Yanko Design|

#affordable-housing #design #dragon-tiny-homes

politics2 months ago•6 min saved

Florida Holds Back as Democratic Socialists Grow National Footprint

Nationwide, Democratic Socialists are racking up wins—from NYC to PA and CO—while the Florida Democratic Party sticks to moderate candidates to appeal to independents; the DSA has a small but growing Florida presence (~5,000 members), endorsing a few candidates and focusing on housing, healthcare, immigration enforcement and utility rates, but statewide offices remain out of reach for now.

via Tampa Bay Times|

#affordable-housing #democratic-socialists #elections

politics2 months ago•2 min saved

California Law Aims to Slash Affordable-Housing Construction Costs

Governor Gavin Newsom signed a housing affordability bill to cut per-unit construction costs for affordable housing by $60,000–$70,000 by reducing impact fees and streamlining approvals, a move officials say will spur development as California grapples with high living costs. A Terner Center study notes statewide impact fees average about $300 million annually, and supporters argue the reforms will ease the housing shortage while critiques highlight broader policy disputes.

via KQED|

#affordable-housing #california #gavin-newsom

politics2 months ago•26 min saved

California overhauls housing financing to fast-track affordable homes statewide

California Gov. Gavin Newsom signed Assembly Bill 179 to overhaul affordable-housing financing by creating a one-stop system that streamlines funding, reduces duplicative reviews, and lowers development fees to cut costs by roughly $60,000–$70,000 per unit. The package includes a $100 million Disaster Rebuilding Fund, $900 million in homelessness grants, and $700 million more for affordable multifamily housing via tax credits. Officials say the reforms will accelerate projects from planning to construction, though the crisis won’t be solved overnight; they point to a 59% rise in housing starts since 2019 and shorter permit times (68 days vs 160) as progress, while noting CA’s median home prices remain high.

via New York Post|

#affordable-housing #bureaucracy-reduction #california

politics3 months ago•2 min saved

Bipartisan housing bill becomes law without Trump’s signature

A bipartisan affordable housing bill, the 21st Century Road to Housing Act, automatically became federal law at midnight after President Trump refused to sign it in protest that Congress hadn’t passed the SAVE America Act. The bill, approved 358-32 in the House and 85-5 in the Senate, would boost manufactured housing, loosen some small-dollar mortgage rules, expand protections against large investors, overhaul federal housing programs, and streamline environmental reviews—the law takes effect without a signature.

via USA Today|

#affordable-housing #bipartisan #housing

business3 months ago•16 min saved

Record share of young adults living with parents as housing costs stay high

A Realtor.com analysis of Census data shows a record 25 million young adults aged 18–34 lived with their parents in 2025 — about one in three in that age range — driven by persistently high home prices. The share rose after the pandemic-era price swings and remains high even as most of these adults are employed, with many having bachelor’s degrees. The age a person was during the pandemic shaped their housing trajectory: those who were 28–29 when rates were low in 2021 were likelier to own now, while those who were college-age then remain more likely to be shut out. The article also notes a federal housing law going into effect intended to ease the housing crunch.

via The Washington Post|

#affordable-housing #business #demographics