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As a result of the partial government shutdown, public and assisted housing programs are at the mercy of lenders and local governments, many of which are financially strapped. PHAs can borrow money against expected appropriations, but banks would be reluctant to lend if there is no solid collateral to support the loan. An extended shutdown would affect almost 6 million subsidized tenants, many of them elderly or disabled.
While national leaders have sidestepped or at most paid lip service to the country’s exploding homelessness crisis, more pockets of homelessness are popping up across the nation, particularly in areas where the plight has rarely been a problem.
HUD officials are rushing frantically to get as much of the Rental Assistance Demonstration program into place as possible before lawmakers fully understand the program’s potential pitfalls. The program has been especially helpful to low-income elderly Americans.
HUD last month heralded with much fanfare the transfer of 100,000 public housing units to the private sector that will be financially supported by the Section 8 housing voucher program over the long-term, a program used by millions of low-income seniors and poor families.
Many real estate experts and magazines have dubbed Key West as the most suitable place for American retirees and veterans to buy a house. With its warm climate and affordable high-end properties, Key West’s local culture serves as a hub for activities such as boating, fishing and water sports.
A study by a Northwest think tank rolls out a plan that could be at least a partial solution to the nation’s growing affordable housing shortage -- backyard cottages. Dubbed “accessory dwelling units,” backyard cottages are a takeoff on granny flats, mother-in-law apartments, and carriage houses.
Plans for a senior housing building on a portion of a 13-acre lot in Frederick, MD appear to be on temporary hold as the result of a decision by the city’s Board of Aldermen. The board has deemed a 1930s-era house currently located on the property targeted for development as historically significant.
Possible significant public housing rent hikes will include the elderly and disabled, although -- to ease the expected outcry -- they would be phased in after two or three years. The elderly and disabled make up slightly more than half of the 4.7 million families now receiving federal housing subsidies.
The plan calls for construction of thousands of low-income apartments for seniors on vacant parking lots, little-used parks and other unused land to help close the city’s public housing waitlist that now lists more than 200,000 families, in addition to more than 60,000 people living in homeless shelters.
Top executives from San Diego, CA-based Senior Resource Group (SRG) gathered late last month to celebrate the construction progress of their first Texas senior living community, Maravilla at The Domain.
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