Thistle Community Housing

New research from the Affordable Housing Tax Credit Coalition reveals the average rents for Low-Income Housing Tax Credit (LIHTC) homes are 38% lower than market-rate rents across 80 of the largest metro areas, an average savings of $653 per month when compared to market rate, an average annual savings of over $7,800 per lower-income household. While it would be great to see more affordable mixed-income communities vs. all lower-income properties, certainly no denying these savings which give individuals and families extra money for life's other necessities like transportation, health, insurance, etc. #affordablehousing #lihtc

Great story on our La Luna Community Cooperative which couldn't be a reality this past year without great partners, and ... great residents!! "Organizations ROC USA and Thistle Community Housing (both are Colorado Trust grantees) guided the La Luna residents through the process and helped them secure the needed funding to become a resident-owned community. The contributions included funding from the City of Lafayette, Colorado, Boulder County, the Colorado Department of Local Affairs and ROC USA." And of course, The Colorado Trust! Thank you!! https://lnkd.in/gjSjFJf6

The U.S. Interagency Council on Homelessness (USICH), U.S. Department of Housing and Urban Development (HUD), and the U.S. Department of Veterans Affairs (VA) announced that veteran homelessness has dropped to its lowest level on record since the annual Point-in-Time (PIT) started counting this data in 2009. Welcome news considering other challenging data around affordable housing & homelessness. This news comes weeks after the VA announced that it permanently housed nearly 48,000 veterans this year alone and more than 133,000 in the last three.?Kudos to this coordinated effort and all those accepting VASH (Veterans Affairs Supportive Housing) Vouchers! #endhomelessness #affordablehousing Veteran Homelessness Drops | HUD.gov / U.S. Department of Housing and Urban Development (HUD)

So proud of our partnership with Esusu who report our residents' positive rental payments to major credit bureaus to help them build credit & economic opportunity! Still surprises us this is not a requirement for property owners because look at the Good rental payment reporting Good can do ... Key highlights - ? 358 residents reported their rent payments through Esusu’s platform. ? 53% of residents have experienced an improvement in their credit score, with an average increase of 34 points. ? Net change in credit scores across all participants is +11 points. ? The average credit score of participants is now 690, reflecting a strong overall improvement in residents’ credit health. ? 6% of residents have successfully transitioned from a subprime to a prime credit score, improving their access to more favorable financial opportunities. ? 43 new credit scores were established for residents who previously had no credit history, with an average new score of 668. These improvements demonstrate the significant impact that consistent rent reporting can have on financial stability and credit health. By reporting on-time rent payments, many residents have been able to build or enhance their credit profiles, paving the way for better financial opportunities and greater economic empowerment. Together, we're making strides in promoting financial inclusion and empowering our communities to achieve their goals. #CreditBuilding #FinancialInclusion #CommunityEmpowerment #Esusu #ThistleCommunityHousing #RentReporting

https://lnkd.in/gAXyuQhB

Honoring and remembering our Veterans today. #veteransday

An easy to read report on Housing Supply issues in the U.S. from our friends at Up for Growth with some Calls to Action & a great Glossary of Housing Terms! "Without sustained and proactive efforts, the 3.85 million-unit housing deficit will continue to exacerbate economic inequality and limit opportunities for millions of people. By implementing forward-thinking housing policies and investing in sustainable solutions, we can work to create an equitable and accessible housing landscape for all." #affordablehousing #affordablehomeownership #housingsupply https://lnkd.in/e-FcWYyJ

"While both preservation and new construction are important to solving the nation’s affordable rental housing crisis, prioritizing new construction over preserving what exists is unwise. Preservation generally keeps families in place near their jobs and community amenities, is more environmentally friendly and is usually more cost-effective. Preservation also generally avoids many zoning and land-use battles that plague affordable rental housing new construction." #affordablehousing #preservingaffordablehousing #housingpreservation https://lnkd.in/g_Dcm5PK

November is Homeless Youth Awareness and Action Month. The proclamation highlights the unique challenges that children and youth experiencing homelessness encounter and the collaborative efforts to create a future where homelessness is rare and brief when it occurs and no one gets left behind. Ways to get involved - Listen to this podcast created by young people as a project of Youth MOVE Colorado on Homeless Youth Awareness Month! #Endhomelessness #youthhomelessness https://lnkd.in/ggwtpG-2

So not exactly a story about affordable housing, and the City of Palm Springs while lovely is not necessarily known as affordable ... an interesting story none the less from our friends at CBS Sunday Morning about a house built in 10 days in 1931. "The Big Idea behind The Illuminaire House was to show you could build a house, cheaply, using prefabricated materials designed for the way people actually live with fewer walls, more attention to shared areas, and a blending of indoor & outdoor spaces." Sound familiar to some of today's manufactured homes & housing? Just a 5 minute listen and remember, you never know where the good ideas can come from, even 93 years later! #housinginnovation #manufacturedhousing #housingsolutions #affordablehousing https://lnkd.in/gw-tQwJ9