Economic inequality

$330K Subsidy Will Help Gateway CDC Build Affordable Housing in Yazoo City

Retrieved on: 
Wednesday, May 12, 2021
MEN, Family, Finance, Consumer, Other Construction & Property, Banking, Residential Building & Real Estate, Professional services, Construction & Property, Other Philanthropy, Philanthropy, Other Consumer, Urban planning, Women, Affordable housing, Economic inequality, Yazoo City, Mississippi, Federal Home Loan Banks, Geography of Mississippi

b'Bank of Yazoo and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $330,000 Affordable Housing Program (AHP) subsidy to Gateway Community Development Corp. (Gateway CDC) to help fund the $5.9 million Roberts Estates II development in Yazoo City, Mississippi.\n\xe2\x80\x9cThe plan is to create 33 new affordable rental housing units and expand the supply of affordable housing for very low- and low-income households,\xe2\x80\x9d said Gateway CDC CEO Alpresteon S. Billings.

Key Points: 
  • b'Bank of Yazoo and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $330,000 Affordable Housing Program (AHP) subsidy to Gateway Community Development Corp. (Gateway CDC) to help fund the $5.9 million Roberts Estates II development in Yazoo City, Mississippi.\n\xe2\x80\x9cThe plan is to create 33 new affordable rental housing units and expand the supply of affordable housing for very low- and low-income households,\xe2\x80\x9d said Gateway CDC CEO Alpresteon S. Billings.
  • \xe2\x80\x9cThe funds from Bank of Yazoo and FHLB Dallas will help pay for the construction costs.
  • The board of directors and I are very appreciative of the assistance.\xe2\x80\x9d\nThe development will consist of 10 two-bedroom and 23 three-bedroom apartments.
  • It will also offer a variety of services to residents.\n\xe2\x80\x9cThis is a project that will help address the significant need for affordable rental housing in Yazoo City,\xe2\x80\x9d said Jamey Carter, senior vice president for Bank of Yazoo.

Higher home prices substantially diminish California housing affordability in first quarter 2021, C.A.R. reports

Retrieved on: 
Tuesday, May 11, 2021
Economic inequality, Affordable housing, Economy, Economic geography, Housing affordability index, Affordable housing in Canada

The first-quarter 2021 figure is less than half of the affordability index peak of 56 percent in the first quarter of 2012.\nC.A.R.

Key Points: 
  • The first-quarter 2021 figure is less than half of the affordability index peak of 56 percent in the first quarter of 2012.\nC.A.R.
  • 's HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California.
  • also reports affordability indices for regions and select counties within the state.
  • San Mateo County was the least affordable, with just 19 percent of households able to purchase the $1,850,000 median-priced home.

Parks Associates: Lower Prices Could Add Nearly Eight Million More US Broadband Households into The Smart Home Market

Retrieved on: 
Monday, May 10, 2021
Affordable housing, Economic inequality, WYZE, Home automation

Capturing these consumers at the right price point would add 7.9 million more households to the population of smart home owners.

Key Points: 
  • Capturing these consumers at the right price point would add 7.9 million more households to the population of smart home owners.
  • "Reducing price while still offering important features is a valuable strategy, with WYZE and Yi Home taking this route.
  • Nest, eufy, and Blink have all released lower-priced versions of their products that include fewer features at a more affordable price.
  • "\nIn Parks Associates\' Q4 2020 survey, affordability ranks as the most important purchase consideration among purchase intenders.

Mayoral Candidate Rodney Holt Hopes to Create Economic Harmony

Retrieved on: 
Monday, May 10, 2021
Articles, Distribution of wealth, Social inequality, Homelessness, Housing, Economic inequality

Rodney believes he can help bring a renewed spirit to Seattle.

Key Points: 
  • Rodney believes he can help bring a renewed spirit to Seattle.
  • A city he says, "is in need of a more diverse culture, better communication, opportunity, and structure."
  • His platform will help reduce homelessness, economic inequality and climate catastrophe.
  • I\'m optimistic we can achieve economic harmony by creating a more equitable and just economy with opportunity for all.

New Housing Market Records Set for Prices, Competition and Speed

Retrieved on: 
Friday, May 7, 2021
Redfin, Real estate economics, Real estate, Economic inequality, Articles, Economy

One contributing factor to the large rate of growth is that more high-end homes are being sold now than a year ago.

Key Points: 
  • One contributing factor to the large rate of growth is that more high-end homes are being sold now than a year ago.
  • "Lumber prices are surging, which has driven up prices of new homes and indirectly drives up prices of existing homes.
  • These price increases will likely be short-lived, but could cut into homebuyers\' budgets and ease competition enough for the housing market to become more balanced.
  • To learn about housing market trends and download data, visit the Redfin Data Center .

California REALTORS® urge legislative action this year as housing production in state declines for second straight year

Retrieved on: 
Thursday, May 6, 2021
Affordable housing, Economic inequality, National Association of Realtors, Economy

President Dave Walsh issued the following statement in response to new data showing a continuing decline in homebuilding in California in 2020:\n"California REALTORS have said it over and over: we need more housing now.

Key Points: 
  • President Dave Walsh issued the following statement in response to new data showing a continuing decline in homebuilding in California in 2020:\n"California REALTORS have said it over and over: we need more housing now.
  • The latest homebuilding data released by the Construction Industry Research Board (CIRB) showed the second straight year of decline in housing production in California.
  • It\'s the exact opposite direction our state should be headed in if we\'re to solve the housing affordability and availability crisis.\n"Gov.
  • strongly supports SB 6 (Caballero) and SB 7 (Atkins), and we are sponsoring AB 571 (Mayes), all which will help spur new housing across our state.

AHC Inc. Breaks Ground on $39 Mil Redevelopment of Arlington Affordable Housing Community

Retrieved on: 
Thursday, May 6, 2021
Affordable housing, Economic inequality, Arlington County, Virginia, Articles, Public housing, Economy

b'ARLINGTON, Va., May 6, 2021 /PRNewswire-PRWeb -- AHC Inc. , a leading developer of affordable housing in Maryland and Virginia, today broke ground on its $39 million redevelopment project of Arlington View Terrace East , an affordable housing community located on the eastern end of Columbia Pike.

Key Points: 
  • b'ARLINGTON, Va., May 6, 2021 /PRNewswire-PRWeb -- AHC Inc. , a leading developer of affordable housing in Maryland and Virginia, today broke ground on its $39 million redevelopment project of Arlington View Terrace East , an affordable housing community located on the eastern end of Columbia Pike.
  • "I believe investing in affordable housing is essential to the economic vitality of not only Arlington, but also to the entire Commonwealth.
  • In today\'s competitive economic climate, it takes a lot of resources to get an affordable housing project off the ground.
  • "\n"Preserving and expanding access to safe, habitable affordable housing is a priority in our community," said Arlington County Chair Matt De Ferranti.

FTK Awarded LIHTC Rehabilitation of the Largest Privately Owned Affordable Housing Community in Charleston, SC

Retrieved on: 
Thursday, May 6, 2021
Technology, Other Travel, Architecture, Legal, Insurance, Travel, Other Construction & Property, Commercial Building & Real Estate, Professional services, Construction & Property, Building Systems, Other Technology, Urban planning, Interior design, Affordable housing, Housing in the United States, Low-Income Housing Tax Credit, Taxation in the United States, Articles, Tax credit, Economy, Public housing, Economic inequality

b'FTK Construction Services , LLC, (FTK) a full-service nationwide General Contractor specializing in Low-Income Housing Tax Credit (LIHTC) rehabilitation projects, is pleased to announce a contract award for the rehabilitation of Bridgeview Village Apartments in Charleston, SC.

Key Points: 
  • b'FTK Construction Services , LLC, (FTK) a full-service nationwide General Contractor specializing in Low-Income Housing Tax Credit (LIHTC) rehabilitation projects, is pleased to announce a contract award for the rehabilitation of Bridgeview Village Apartments in Charleston, SC.
  • View the full release here: https://www.businesswire.com/news/home/20210506005743/en/\nFTK Construction Services was awarded the LIHTC rehabilitation contract for Bridgeview Village Apartments in Charleston, SC.
  • (Photo: Business Wire\nBridgeview Village, built in 1971, is 100% affordable housing and the largest privately-owned affordable housing community on the Charleston peninsula.
  • The affordable housing division of Standard Companies is Standard Communities , which strives to cultivate long-term public and private partnerships to produce and preserve high-quality affordable and environmentally sustainable housing.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210506005743/en/\n'

Century celebrates The Beacon, new home for more than 200 Long Beach veterans and seniors

Retrieved on: 
Tuesday, May 4, 2021
Geography of California, Affordable housing, Economic inequality, Geography of Southern California, Century Housing Corporation, Long Beach, California, Southern California, Public housing in the United States

"\n"There\'s no denying that this past year has been a very difficult and painful year on many, many levels," said Century Housing Senior Vice President Brian D\'Andrea.

Key Points: 
  • "\n"There\'s no denying that this past year has been a very difficult and painful year on many, many levels," said Century Housing Senior Vice President Brian D\'Andrea.
  • "This development represents a source of light and hope for all of us, including the more than 200 residents who now call The Beacon home along with the larger Long Beach community.
  • "This is a valuable and beautiful project that enhances the strong network of neighborhoods that sustain and promote a thriving Long Beach.
  • For information on Century Housing, visit http://www.centuryhousing.org .\nCentury Housing Corporation is a mission driven 501(c)3 nonprofit organization that engages in the financing and development of affordable housing.

Wendover Housing Partners Breaks Ground on New Multi-Family Affordable Housing Community in Sanford, Florida

Retrieved on: 
Thursday, April 29, 2021
Affordable housing, Economic inequality, West Wendover, Nevada

b'ORLANDO, Fla., April 29, 2021 (GLOBE NEWSWIRE) -- Wendover Housing Partners , one of the Southeast\xe2\x80\x99s premier multi-family housing developers, today held a ground breaking event for Monroe Landings, a new multi-family affordable community in Sanford, Florida.\nCreated in partnership with the Orlando Housing Authority and the Sanford Housing Authority, Monroe Landings will serve as a stimulus for an area in need of affordable housing and is intended to help revitalize Sanford\xe2\x80\x99s historic Goldsboro neighborhood \xe2\x80\x93 the first large-scale development in the neighborhood in more than 20 years.\n\xe2\x80\x9cWe\xe2\x80\x99re creating today\xe2\x80\x99s version of an affordable housing community,\xe2\x80\x9d said Jonathan L. Wolf, founder and CEO of Wendover Housing Partners.

Key Points: 
  • b'ORLANDO, Fla., April 29, 2021 (GLOBE NEWSWIRE) -- Wendover Housing Partners , one of the Southeast\xe2\x80\x99s premier multi-family housing developers, today held a ground breaking event for Monroe Landings, a new multi-family affordable community in Sanford, Florida.\nCreated in partnership with the Orlando Housing Authority and the Sanford Housing Authority, Monroe Landings will serve as a stimulus for an area in need of affordable housing and is intended to help revitalize Sanford\xe2\x80\x99s historic Goldsboro neighborhood \xe2\x80\x93 the first large-scale development in the neighborhood in more than 20 years.\n\xe2\x80\x9cWe\xe2\x80\x99re creating today\xe2\x80\x99s version of an affordable housing community,\xe2\x80\x9d said Jonathan L. Wolf, founder and CEO of Wendover Housing Partners.
  • \xe2\x80\x9cMonroe Landings will be a place that working families and individuals can be proud to call home; a safe, secure community where kids can play, adults can make new friends and utilize amenities designed to enhance their lives.
  • As one of the Southeast\xe2\x80\x99s premier housing companies, Wendover specializes in the development of single and multi-family homes, apartment communities, senior communities, and transit-oriented development.
  • Wendover\xe2\x80\x99s expansive portfolio of affordable and mixed-income developments demonstrates the company\xe2\x80\x99s success in creating housing opportunities in a variety of economically and socially diverse neighborhoods.