Community Development Digest


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Housing Supply Could Get Tighter in Near Term

Prospective homebuyers have faced a complex dilemma since 2012 when the housing market began to emerge from the 2008 crash and financial recession. They have had record low mortgage interest rates and increasing ability to finance a mortgage, but finding a suitable home is nearly impossible. And the dilemma isn’t likely to let up soon.

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Demand Increasing for Affordable Senior Housing

While more than 4 million people above the age of 65 live in poverty, only 1.6 million receive rental assistance.

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Dramatic Increase in Housing Seen Needed

The number of very poor families not receiving housing subsidies and struggling to pay their monthly rent dramatically increased between 2013 and 2015 after the number of what the Department of Housing & Urban Development (HUD) calls “Worst Case Housing Needs” dropped considerably between 2011 and 2013.

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Foreign Investors Could be Distorting U.S. Housing Market

Foreign investors could be an increasingly invisible yet influential power over the U.S. housing market as affordability becomes less attainable -- even for well-paid workers.

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Aiken, SC to Get New Senior Housing Community

A new 74-unit/80-bed seniors housing community is coming to Aiken, SC, thanks to Grandbridge Real Estate Capital's Seniors Housing and Healthcare Finance Group.

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Aging-in-Place: HomeAdvisor Releases Survey Data

Online service provider HomeAdvisor has released the results of itsr 2016 Aging-in-Place survey. Results reveal that while more than 86% of the homeowners surveyed are familiar with common aging-related renovations, less than a quarter -- 22% -- have completed an aging-related project.

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Service Coordinator Requirement Unmet at HUD Elderly Housing

While the Department of Housing & Urban Development’s data indicate that 38 percent of Section 202 properties -- housing for the elderly -- have a HUD-funded service coordinator, these data likely underestimate the true number, according to the Government Accountability Office.

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Senior Housing Occupancy Rates Near 90 Percent; Rents Rising

New data show senior housing is 89.7 percent occupied nationwide as of the second quarter 2016, with varying rates of construction in markets throughout the country. The data also show the national average monthly rental rate asked for senior housing is $3,595.

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Major Firms Investing in Housing for Workers

Two major U.S. employers decide to invest in affordable housing ventures in Colorado and Minnesota that would benefit their workforces, leading the way for other such ventures and modeled on similar efforts in earlier times to provide workforce housing.

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Housing Authority Eyed for Fair Housing Shortcomings

Rockford, IL is HUD’s poster child in the department’s new “Affirmatively Furthering Fair Housing” campaign to desegregate the country’s primarily white neighborhoods. Rockford Housing Authority and city officials are on notice from HUD Fair Housing & Equal Opportunity (FHEO) office to reconsider a scrapped low-income housing development or face possible consequences.

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