Affordable housing by country

New York Life’s Impact Investment Initiative Commits $50 million to IMPACT Community Capital in support of affordable housing preservation

Retrieved on:

Thursday, July 22, 2021

Insurance, Professional services, Economy, Finance, Money, Corporate social responsibility, Impact investing, Investment, Social finance, Affordable housing, Ethical investment, Affordable housing by country, Urban Land Conservancy

New York Life, Americas largest1 and most admired2 mutual life insurer, today announced a $50 million investment to support the preservation of affordable housing rental properties throughout the United States via an equity investment with IMPACT Community Capital.

Key Points:

New York Life, Americas largest1 and most admired2 mutual life insurer, today announced a $50 million investment to support the preservation of affordable housing rental properties throughout the United States via an equity investment with IMPACT Community Capital.
This is the latest investment by New York Lifes $1 billion impact investment initiative announced in April 2021.
The investment with IMPACT Community Capital will provide short-term bridge loans to borrowers and owners of affordable housing seeking to preserve the properties affordability status.
This investment with IMPACT Community Capital follows New York Lifes initial impact investment initiative commitment of $150 million to Fairview Capital in support of diverse and emerging fund managers and hundreds of small businesses.

DHA, Housing Solutions for North Texas Has Approved More Than 1,000 Dallas Families for the Emergency Rental Assistance Program

Retrieved on:

Monday, July 19, 2021

Public policy, Government, Residential Building & Real Estate, Construction & Property, State, Local, Affordable housing, Economic inequality, Regional science, Public housing in the United States, Housing in the United States, Economic geography, Federal assistance in the United States, Affordable housing by country, Defence Housing Australia

DHA, Housing Solutions for North Texas (DHA) announced today in the first six weeks of the initiative the agency has approved more than 1,000 eligible Dallas families for assistance through the Emergency Rental Assistance Program, which equates to a commitment of over $7.3 million in rent payments.

Key Points:

DHA, Housing Solutions for North Texas (DHA) announced today in the first six weeks of the initiative the agency has approved more than 1,000 eligible Dallas families for assistance through the Emergency Rental Assistance Program, which equates to a commitment of over $7.3 million in rent payments.
Through the program, DHA is able to provide up to 12 months of rent assistance to applicants and landlords.
Applicants should have a housing income at or below 80 percent of the median income for the City of Dallas.
For more information and to apply, visit: https://dallasrentrelief.com/
DHA, Housing Solutions for North Texas provides quality, affordable housing to low-income families and individuals through the effective and efficient administration of housing assistance programs.

Ohio Capital Corporation for Housing Chooses Meridian LMS to Power their Affordable Housing Training Academy

Retrieved on:

Thursday, July 15, 2021

Affordable housing, Economic inequality, Economy, Housing trust fund, Affordable housing by country

The Affordable Housing Training Academy (AHTA) is dedicated to providing access to high quality training at an affordable price point to owners and managers of affordable housing from across the country.

Key Points:

The Affordable Housing Training Academy (AHTA) is dedicated to providing access to high quality training at an affordable price point to owners and managers of affordable housing from across the country.
"With Meridian LMS, we can create strategic training programs that meet the unique needs of all of our learner audiences."
The Ohio Capital Corporation for Housing (OCCH) is a nonprofit financial intermediary based in Columbus, Ohio that works with private and public developers to create affordable housing opportunities.
OCCH has raised over $5 billion in private capital and invested in over 50,000 units of affordable housing in over 900 developments.

Expert Panel releases 23 recommendations to improve housing conditions for British Columbians

Retrieved on:

Thursday, June 17, 2021

Affordable housing, Economic inequality, Articles, Economy, Affordable housing by country, Affordable housing in Canada

This is according to Opening doors: unlocking housing supply for affordability , the final report from the Canada-British Columbia Expert Panel on the Future of Housing Supply and Affordability .

Key Points:

This is according to Opening doors: unlocking housing supply for affordability , the final report from the Canada-British Columbia Expert Panel on the Future of Housing Supply and Affordability .
Established in September 2019 by the governments of Canada and BC, the Expert Panel was tasked with developing actionable recommendations to increase the supply of housing and improve affordability province-wide.
Through consultations with stakeholders, including experts from academia, private and non-profit housing providers, Indigenous housing providers, financial institutions, property developers, tenant and housing advocacy organizations, employers, public servants and elected officials, the Expert Panel has produced 23 recommendations which fall under five broad calls to action.
This acceleration in housing demand has hindered British Columbians' ability to access safe and affordable housing.

Amazon and Metro Announce a $125 Million Commitment to Create 1,000 Affordable Housing Units at Metro Stations in the Washington, D.C. Metropolitan Area

Retrieved on:

Wednesday, June 16, 2021

Amazon (Nasdaq:AMZN) and the Washington Metropolitan Area Transit Authority (Metro) today announced a goal to create more than 1,000 new affordable housing units at Metro Stations throughout the Washington, D.C. metropolitan region.

Key Points:

Amazon (Nasdaq:AMZN) and the Washington Metropolitan Area Transit Authority (Metro) today announced a goal to create more than 1,000 new affordable housing units at Metro Stations throughout the Washington, D.C. metropolitan region.
Amazon is stepping up to the plate with an unprecedented commitment to affordable housing in the National Capital Region.
$25 million of the total will be exclusively available for minority-led developers to develop affordable housing on Metros joint development sites.
Amazons partnership with Metro is part of its $300 million total transit commitment for equitable transit-oriented affordable housing development in communities it calls home.

Global Community Housing Services Market Report (2021 to 2030) - COVID-19 Impact and Recovery - ResearchAndMarkets.com

Retrieved on:

Thursday, May 27, 2021

Construction & Property, Residential Building & Real Estate, Market, Affordable housing, Supportive housing, Affordable housing by country

The "Community Housing Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Community Housing Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
It places the market within the context of the wider community housing services market, and compares it with other markets.
It compares the community housing services market with other segments of the community housing services market by size and growth, historic and forecast.
The federal funding for social services is a major driver for the community housing services market.

PadSplit and Partners for HOME expand its collaboration to secure housing for vulnerable populations

Retrieved on:

Wednesday, May 26, 2021

Affordable housing, Economic inequality, Economy, Affordable housing by country

Most recently, PadSplit worked with Partners for HOME to rapidly house more than 75 individuals who were displaced from a temporary, non-congregate hotel.

Key Points:

Most recently, PadSplit worked with Partners for HOME to rapidly house more than 75 individuals who were displaced from a temporary, non-congregate hotel.
"We have moved as quickly as possible to secure housing for our clients, to keep them safe and help stem the spread of COVID-19 amongst the community.
PadSplit members average $25,000 in annual income and report $420 in monthly savings between housing, utility, and transportation costs.
PadSplit is a mission-driven company that helps to solve the affordable housing crisis, one room at a time.

Introduction of Low-Income Housing Unlikely to Affect Nearby Home Prices

Retrieved on:

Wednesday, February 10, 2021

Affordable housing, Affordable housing by country, Workforce housing

In the remaining four metro areasChicago, Las Vegas, Phoenix and Warren, MIhomes sold for less after low-income housing developments were built nearby.

Key Points:

In the remaining four metro areasChicago, Las Vegas, Phoenix and Warren, MIhomes sold for less after low-income housing developments were built nearby.
Before the introduction of the low-income housing development, homes near the site sold for 3.9% less than those farther away; after the low-income homes were built, nearby homes sold for 11% less than homes farther away.
Had a high-end development instead been built in place of the low-income housing, prices might have continued to grow even higher.
"Part of President Joe Biden's housing plan is to expand the Low-Income Housing Tax Credit," said Bokhari.

Housing costs and homeownership in the euro area

Retrieved on:

Saturday, February 6, 2021

Housing, Land tenure, Owner-occupancy, Ownership, Mortgage loan, Real estate economics, Economy, Property, Real estate, Home-ownership in the United States, Affordable housing by country

Housing costs typically include the utility costs (water, electricity, gas and heating), maintenance, and rental or mortgage interest payments, altogether accounting for around one-fifth[1] of household income expenditure in 2019.

Key Points:

Housing costs typically include the utility costs (water, electricity, gas and heating), maintenance, and rental or mortgage interest payments, altogether accounting for around one-fifth[1] of household income expenditure in 2019.
Changes in these costs are closely linked with housing market developments, such as rental and house prices, as well as mortgage payments.
Furthermore, housing costs are dependent on structural features, which will be the focus of this box, such as the homeownership rate or certain household characteristics.
Against this background, this box examines certain data that help to frame the housing cost burden in the euro area and across types of household.
Finally, the overburden rate varies considerably across euro area countries and, in general, it appears to be lower in countries where the homeownership rate is higher (Chart C).
These developments highlight the importance of household choices and characteristics when it comes to the housing cost burden.

Chart A

Chart B

Chart C

Outright homeownership stood close to 39%, while 27% of households had a mortgage or loan (Chart D).
As for tenants, the vast majority rented at market price and less than one-third rented at a reduced price.
Starting with income, households with an income above 60% of the median (equivalised) income were predominantly homeowners and those with an income below this threshold were mainly tenants (Chart E).
Furthermore, the percentage of single households in rented accommodation was higher than for those that owned their property, while in the case of larger households the opposite was true (Chart F).
Homeowners are generally less burdened than tenants by housing costs, particularly in cases where they are mortgage-free or have a high income.
[5] Furthermore, a tax system that disproportionately favours homeownership, through interest rate deductibility and other forms of related tax incentives, can be distortive.

Chart D

Canada provides Rental Assistance for Vulnerable Canadians

Retrieved on:

Monday, February 1, 2021

Articles, Affordable housing, Public housing, Economic inequality, Housing, Housing in the United States, Affordable housing in Canada, Affordable housing by country

The funding will support these housing organizations and provide affordable accommodation to persons and families of low income.CMHC's Temporary Rental Assistance launches today, February 1, 2021.

Key Points:

The funding will support these housing organizations and provide affordable accommodation to persons and families of low income.CMHC's Temporary Rental Assistance launches today, February 1, 2021.
Temporary Rental Assistance will be offered between April 1, 2021, and March 31, 2022, as exceptional one-time assistance.
To protect low-income Canadians in housing need, it is important that Canada's existing social housing stock remains affordable and in good repair.
The federal government understands the challenges vulnerable Canadians continue to face and will continue to provide the support they need during these unprecedented times.