Category: Housing News
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HUD News in Review: April 20, 2022
Disclaimer: Affordable Housing Online is not affiliated with HUD, or any HUD agency. This week’s announcements by the Department of Housing and Urban Development include: HUD to sell reverse mortgage notes Date Posted: April 12, 2022 On June 8, HUD will conduct a sale of approximately 1,450 reverse mortgage notes for properties where the borrower…
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Housing speculation leads to more evictions
A new report shows that housing speculation leads to worse living conditions for low-income renters, as well as increased evictions in distressed neighborhoods. Over the last decade, housing speculators — those who buy a property with the intent to sell it for a profit — have been buying more and more properties in low-income neighborhoods.…
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Idaho approves affordable housing funds for the first time in state’s history
Idaho’s Governor Brad Little last month approved $50 million to build more affordable housing for working people. This is the first time in the state’s history that Idaho’s state government has provided any funds to develop new affordable housing. Although the state legislature created a state affordable housing trust fund in 1992, it has never…
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HUD News in Review: April 13, 2022
Disclaimer: Affordable Housing Online is not affiliated with HUD, or any HUD agency. This week’s announcements by the Department of Housing and Urban Development include: HUD offers $3.3M for organizations fighting COVID-19 related discrimination Date Posted: April 5, 2022 HUD announced that it is making $3,285,353 available to agencies and organizations to fight housing discrimination…
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Historic state law gives criminal offenders a fair chance for housing
Just last year, New Jersey became the first state in the nation to pass a law prohibiting landlords from checking an applicant’s criminal history background as part of the application process. After much debate and the combined efforts of civil rights organizations, New Jersey Governor Phil Murphy signed the Fair Chance Housing Act (FCHA) into…
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Lowering regulatory barriers leads to surge in shelters for homeless persons
California added more than 6,000 shelter units for people experiencing homelessness in the first year of the COVID-19 pandemic. This was accomplished with a lot of pandemic relief money to buy and renovate hotels and motels; but much of the success is also due to a state program that reduced regulatory barriers to new shelters.…
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HUD News in Review: April 6, 2022
Disclaimer: Affordable Housing Online is not affiliated with HUD, or any HUD agency. This week’s announcements by the Department of Housing and Urban Development include: HUD celebrates April as Fair Housing Month Secretary Fudge travels to Puerto Rico and U.S. Virgin Islands to discuss disaster recovery New low income apartments to be built in California…
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Low-income renters sacrifice future to pay rent during the pandemic
A new report shows how millions of low-income renters have had to borrow against their future to survive the COVID-19 pandemic. Low-income renters — especially Black and Hispanic renters — were more likely to lose income and fall behind on rent. These renters also leaned heavily on borrowing from family and friends, credit cards, and…
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Biden’s FY23 budget proposes 200,000 new Section 8 vouchers
President Biden has proposed adding 200,000 new Section 8 Housing Choice Vouchers in his Fiscal Year 2023 budget proposal to Congress. If enacted, this would be the largest increase since the program began in 1974; and would be a big step towards making sure those who need rental assistance can get it. The budget requests…
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HUD News in Review: March 30, 2022
Disclaimer: Affordable Housing Online is not affiliated with HUD, or any HUD agency. This week’s announcements by the Department of Housing and Urban Development include: Up to 25 communities can receive $72M in funding for homeless youth Property owners and managers charged with sexual harassment and discrimination Stakeholders, advocates, and elected officials support PAVE task…