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“Rents at The Laureate range from about $1,335 for a smaller one-bedroom — far below the county median — to $3,885 for a larger two-bedroom. A quarter of the units are for people making up to 50% of the area median income. In Montgomery County, that’s $77,350 for a family of four. An additional 5% of the units are called “workforce” housing, for those who make up to 120% of area median income.” https://lnkd.in/gfwY6Dx4

As of 2022, there were more than 5.8 million housing units in Pennsylvania, an increase of 4% since 2010. Of these, roughly 5.3 million units are occupied, 69% by homeowners and 31% by renters. Learn more in our Pennsylvania Comprehensive Housing Study: https://lnkd.in/eCZKiwqM.

The housing crisis is pushing out the very people who built and sustained this city. Teachers, service workers, and families who are at the heart of Austin are being priced out. According to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI?), U.S. house prices rose 6.6 percent over the last year. This sad reality has a significant impact on the safety and well-being of our community members. Everyone deserves a place to call home and a warm place to lay their head at night. That’s why I’m deeply committed to propelling affordable housing initiatives. One project we’re developing will have 50% affordable units to ensure that the people who power this city can actually afford to live here. Another is a safe house for women in crisis. My passion for affordable housing is a commitment to protecting the diversity and resilience that makes Austin special. Housing is not just a market—it's a human right. That’s why I’ll always take action and be motivated to create solutions so everyone can afford to stay, grow, and call Austin home. #AffordableHousing #CommunityBuilding #Leadership?

Our newly produced 10 Year Housing Plan has 4 sections. The public can leave comments here: https://lnkd.in/gC8f-z6G. Section 1 - Frames the crisis as a whole and HCD’s role within it. Section 2 - Explains the context of the crisis including the history of racist housing practices, the financing environment for housing, and the impact of government action. Section 3 - Discusses the methodology used to construct this plan, including the community input process and finally, Section 4 - Outlines the action plan proposed based on the framework of need and next steps. The plan can be found on our website: www.achcd.org/reports. Use the comment form or email your thoughts on the plan to [email protected]. Michelle Starratt Jennifer Pearce Dylan Sweeney John Lo, JD Elizabeth Cook

This appears to be a very good idea to help address the lack of affordable housing here in the USA. “Maryland's Montgomery County is building mixed-income apartments in which people who can afford to pay market rate allow other renters to pay less. Cities and states nationwide are taking up the idea. It’s public housing. Although this is a far different model than traditional, federally funded housing for only the very poor. And as the U.S. grapples with a massive housing shortage and sky-highprices, other states and cities are picking up on this idea, hoping to create more places where people can afford to live. Montgomery County is a wealthy community, and it’s long focused on housing for lower-earning families. Still, it hasn't built nearly enough to keep up with demand, and the gap is growing. So a few years ago, it took an unusual step: It created a $100 million revolving fund to dramatically ramp up construction. That means it can develop and finance its own projects “instead of waiting for Congress to give us a whole bunch more money,” says Zachary Marks, the senior vice president for real estate with the county’s Housing Opportunities Commission. The public agency owns the controlling stake in these apartments. Congress has moved away from funding public housing for decades. And while there are federal incentives to help the private market build lower-cost apartments, “we're using them all up every year and it's not enough,” Marks says. Now, by financing its own construction, the county doesn’t have to rely on private investors, either. Marks and others say that’s a major advantage in a boom-and-bust industry where volatility can stall financing for new projects. With the new housing production fund, he says, the amount of local money needed for a project is pretty small. And the county offers cheaper financing with a lower rate of return than private investors would demand.” #affordablehousing #commonsense

AS AFFORDABILITY CHALLENGES PERSIST, MIDDLE-INCOME HOUSING PROGRAMS TAKE CENTER STAGE -A Harvard University study titled "Subsidizing the Middle: Policies, Tradeoffs, and Costs of Addressing Middle-Income Affordability Challenges" examines 11 state and local programs aimed at addressing middle-income housing needs. The programs provide direct or indirect public subsidies, such as grants, loans, or property tax exemptions. Examples include the Michigan Missing Middle Housing Program and the Philadelphia Workforce Housing Credit Enhancement. These programs cover a range of market conditions and housing costs, with funding and requirements varying across states and localities. Most programs use a percent of area median income (AMI) to determine eligibility for renters, focusing on new construction. The study aims to close the gap in research on state and local middle-income housing programs and policies. #real #realtor #realtors #realestateagent #realestateagents #home #homes #house #houses #longandfoster #longandfosterrealestate #ChloeZhu #ChloeZhuRealEstate

Our More Housing Wisconsin partnership has more good stuff for you! The third collection of resources reviews the root causes of the housing shortage and the related housing unaffordability crises. It also defines key terms like affordable housing, attainable housing, workforce housing, missing middle housing, and subsidized housing. Plus, check out an interview with Kurt Paulsen, professor of Urban Planning at UW-Madison.

A comprehensive, authoritative essay by David Burney, former chief architect for the New York City Housing Authority, on what ails NYC's vast system of public housing: "So there appear to be two main problems facing NYCHA: how to stimulate (i.e., subsidize) production of housing at a level affordable for the thousands of families on its waiting list, and how to sustain the current public housing program and steer it out of its current fiscal crisis." From Housing the Nation, edited by Alexander Gorlin and Victoria Newhouse. https://lnkd.in/erNe-Pxh

Fact: There's a housing shortage in Portland. Another fact: The City of Portland is doing something about it. Starting with more facts. Like exactly who needs housing and of what type and affordability level? We've done that in-depth research with the Housing Needs Analysis. Now we're sharing the Housing Production Strategy (HPS) that addresses that need, guiding our housing growth and development over the next 20 years. And later this month, we'll be sharing the HPS with City Council next! https://lnkd.in/gEdtibPi #housingforall

What is a housing needs assessment (HNA), and why does your community need one? It’s no secret that Georgia is suffering from an extreme housing shortage of at least 118,000 units (Department of Community Affairs, June 2023) across the state. The effect is sharpest in rural areas that were heavily impacted by previous recessions, who have added very few housing units to their stock in the last four decades. A Housing Needs Assessment holistically reviews the current housing inventory in your municipality, the multifaceted characteristics of your community, and your labor profiles to identify your community’s housing gap, or the number of necessary units to meet current demand. Using that data, the assessment then identifies demand expectations over the next designated time interval (usually 3-5 years), along with the pricing and types of housing units most attractive to local residents. This is a very simplified view of the housing needs assessment, but a well-researched and written HNA is a powerful tool for cities and counties to use when assessing building permits and attracting developers to the region. What questions do you have about Housing? What successes have you seen from Housing Needs Assessments in your community?