Tag

Affordable Housing

All articles tagged with #affordable housing

housing2 days 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

business21 days 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

finance22 days 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-estate23 days 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

policy29 days 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

design1 month 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

politics1 month 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

politics1 month 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

politics1 month 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

politics1 month 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

business1 month 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

business1 month ago•20 min saved

ADUs turn backyards into multigenerational hubs

State laws expanding accessory dwelling units (ADUs) are letting families live multigenerationally on one property, turning backyards into small compounds and boosting housing options. While California leads adoption and ADUs can serve as family homes or rentals, builders still face zoning hurdles and high costs; experts say ADUs have potential to stabilize families and expand housing stock, though data on scale is limited.

via The Washington Post|

#affordable-housing #business #housing

local1 month ago•6 min saved

RFK Campus Redevelopment Maps a Mixed-Use Path to a New DC Civic Gateway

DC’s draft 89-page RFK Campus master plan outlines a 180-acre mixed-use redevelopment around the new $3.7B, 65,000-seat Commanders stadium, with up to 6,600 homes (at least 30% affordable), 1,200 hotel rooms, 260,000 square feet of retail, and 60 acres of parks plus a public indoor sports facility; parking totals about 8,000 spaces (6,000 on-site and 2,000 surface spots to be redeveloped later), and transit upgrades include an expanded Stadium-Armory station and a proposed Gold Line bus rapid transit. The stadium is slated to open by 2030, with key parcels completed by 2040, funded in part by roughly $1 billion in taxpayer money and potentially $4 billion in new tax revenue, supporting tens of thousands of jobs. Public comment runs through mid-August.

via News of the United States - NOTUS|

#affordable-housing #dc-office-of-planning #local

local1 month ago•2 min saved

Brooklyn's Atlantic Yards Gets a $5B Push to Finish Megaproject

New York State officials unveiled a $5 billion plan to complete the Atlantic Yards development in Brooklyn, adding six towers up to 800 feet, 5,600 homes with about 1,242 affordable units, and roughly five-and-a-half acres of open space, with construction likely taking another decade or more after decades of delays.

via The New York Times|

#affordable-housing #atlantic-yards #brooklyn

housing1 month ago•7 min saved

Tracey Towers Tenants Brace for 31% Bronx Rent Hike Amid NYC Freeze

In the Bronx, Tracey Towers, an 871-unit Mitchell-Lama complex, faces a proposed 31% rent increase over four years to cover aging infrastructure and mortgage arrears, even as New York City imposes a two-year rent freeze on most rent-stabilized units. City officials say the adjustment is legally required to cover costs, with some tenants (seniors and disabled) potentially exempt; repairs are planned, underscoring the financial strain on Mitchell-Lama housing compared with the stabilized rental stock.

via Gothamist|

#affordable-housing #bronx #housing