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The city of Los Angeles saw 638 more Ellis Act Eviction applications filed by landlords and developers for the second quarter of 2017, April through June. This is the equivalent of losing seven Rent Stabilization Ordinance (RSO) units a day or 212 RSO units a month during this period.
After more than 30 years of providing help to Orange County, CA residents seeking affordable housing, the Lake Forest-based Affordable Housing Clearinghouse (AHC) is now an official HUD-approved counseling agency.
New York City's homeownership rate is 31 percent, less than half the U.S. rate. City policies that emphasize rentals limit households’ capacity to build assets or escape the instability of possible rent increases and gentrification.
A new wave of house flipping (i.e., selling a house after owning it less than a year) is increasing affordable housing in some areas but exacerbating the affordability gap in others.
Citing recent data from the U.S. Census Bureau’s American Community Survey, the report finds the number of renters facing housing cost burdens (i.e., paying more than 30 percent of their income for housing costs) reached a record high of 21.3 million, or just about half of all renter households in the nation.
The costs incurred constructing new multifamily buildings, such as the amount paid for the land, workers, and loan interest, make the units unaffordable for low-income families. Those making 60 percent of the area median income or less cannot afford the rents that developers must charge to cover their costs, let alone earn a profit, a problem often referred to as not “penciling out.”
Housing affordability is increasingly cited among local government leaders as a barrier to economic development according to key findings on housing affordability recently released by ICMA, the International City/County Management Association.
A new pilot program for the acquisition of multifamily housing in Boston -- one that could become a model for other cities in need of affordable multifamily housing -- is now underway, thanks to the city’s Department of Neighborhood Development.
If low-income individuals and families are to have a fair shot at securing affordable housing, advocates need to step up to the plate and press state-level policymakers into doing the right thing, says John Henneberger, co-founder of the Texas Low Income Housing Information Service and a longtime advocate of fair and affordable housing.
Lessons drawn from British housing policies suggest the U.S. system for affordable housing could be made more effective and efficient, according to a new report from the Housing Partnership Network. The report suggests U.S. policymakers adopt five reforms.
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