Mixed-income housing

Citi Establishes Affordable Housing Preservation Program with Emerging Managers

Retrieved on: 
Thursday, May 27, 2021
Banking, Accounting, Professional services, Residential Building & Real Estate, Construction & Property, Affordable housing, Workforce housing, Mixed-income housing

The program will acquire multifamily housing primarily for the benefit of low to moderate income individuals and communities (including workforce, regulated and mixed-income housing) with a commitment to community development and engaging diverse professionals throughout the acquisition and ownership infrastructures.

Key Points: 
  • The program will acquire multifamily housing primarily for the benefit of low to moderate income individuals and communities (including workforce, regulated and mixed-income housing) with a commitment to community development and engaging diverse professionals throughout the acquisition and ownership infrastructures.
  • This initiative underscores our commitment to help close the racial wealth gap and increase economic mobility in the U.S., said Gina Nisbeth, Director, Citi Community Capital.
  • We applaud Citis continued commitment to preserving high-quality affordable and workforce housing."
  • Earlier this year, Citi was recognized as the largest affordable housing lender in the Country , according to Affordable Housing Finance (AHF) Magazines annual survey of affordable housing lenders.

Freddie Mac Multifamily White Paper Examines the Mixed-Income Housing Market in Areas of Concentrated Poverty

Retrieved on: 
Friday, December 18, 2020
Articles, Mortgage industry of the United States, Mixed-income housing, Concentrated poverty, Freddie Mac, Economy

MCLEAN, Va., Dec. 18, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released a white paper analyzing the market characteristics and pipeline activity of Mixed-Income housing, with a special geographic focus on Areas of Concentrated Poverty (ACPs).

Key Points: 
  • MCLEAN, Va., Dec. 18, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released a white paper analyzing the market characteristics and pipeline activity of Mixed-Income housing, with a special geographic focus on Areas of Concentrated Poverty (ACPs).
  • The white paper, titled A Study of Mixed-Income Housing in Areas of Concentrated Poverty, is part of Freddie Macs three-year Duty to Serve plan to increase rental and homeownership opportunities in historically underserved markets throughout the nation.
  • Mixed-income housing serves a critical role in decentralizing poverty, especially in Areas of Concentrated Poverty, said Steve Guggenmos, vice president of Multifamily Research and Modeling at Freddie Mac.
  • Freddie Mac Multifamily is the nation's multifamily housing finance leader.

Redfin Survey: Most Suburban Residents Wouldn't Mind a Low-Income Housing Development in Their Neighborhood

Retrieved on: 
Thursday, October 22, 2020
Urban geography, Urbanization, Squatting, Suburb, Urban planning, Affordable housing, Urban decay, Mixed-income housing

In addition to reinstating the rule, Biden's $640 billion housing plan would combat discriminatory housing practices and support building more low-income housing and single-family homes in urban, suburban and rural areas.

Key Points: 
  • In addition to reinstating the rule, Biden's $640 billion housing plan would combat discriminatory housing practices and support building more low-income housing and single-family homes in urban, suburban and rural areas.
  • Redfin broke out the survey results by respondents' neighborhood type to see if rural and suburban dwellers are more likely than city residents to oppose low-income housing in their neighborhoods.
  • Rural and suburban residents are also more likely than city residents to oppose nearly every other building type in their neighborhood.
  • When broken down by race, white respondents are most likely to oppose low-income housing in their neighborhood and Black respondents are least likely.

Vantage Takes Over Management of Timberlawn Crescent Apartment Community

Retrieved on: 
Tuesday, June 2, 2020
Geography of the United States, Metropolitan areas of the United States, North Bethesda, Maryland, Vantage, Bethesda, Maryland, Gaithersburg, Maryland, Mixed-income housing, Regions of the United States, Washington metropolitan area, Bethesda station

GAITHERSBURG, Md., June 2, 2020 /PRNewswire/ -- Vantage Management, the premier mixed-income property management company in the northeast, today announced it has taken over management responsibilities of Timberlawn Crescent apartment community in North Bethesda, Md.

Key Points: 
  • GAITHERSBURG, Md., June 2, 2020 /PRNewswire/ -- Vantage Management, the premier mixed-income property management company in the northeast, today announced it has taken over management responsibilities of Timberlawn Crescent apartment community in North Bethesda, Md.
  • The Housing Opportunities Commission of Montgomery County owns the community and selected Vantage to manage the community because of its expertise in managing mixed-income Housing.
  • "Our prominence and experience in the DC Metropolitan Area uniquely positions us to provide a seamless management transition for Timberlawn Crescent," said Vantage Director, President and CEO Cindy Sanquist.
  • "We feel privileged to have Vantage Management take over the onsite management of Timberlawn Crescent," said Montgomery County Housing Opportunities Commission Chair Roy Priest.

Emerging Social Enterprise Industry in China, Empowers Uighurs and Tibetans

Retrieved on: 
Saturday, November 16, 2019
Articles, Academic disciplines, Business models, Social enterprise, Economy, Poverty reduction, Sustainability, Social Capital, Social entrepreneurship, Mixed-income housing

Inspired by China's mobile payment technology, they successfully combine their culture, religion with business to create a distinct and innovative social enterprises model to increase the employment rate of local women and end poverty.

Key Points: 
  • Inspired by China's mobile payment technology, they successfully combine their culture, religion with business to create a distinct and innovative social enterprises model to increase the employment rate of local women and end poverty.
  • The concept of social enterprise was born in Europe in the 1970s.
  • It has made great contributions to the conversion of welfare system, job creation, social cohesion and social capital creation, local development and social culture, and has gradually become an important role in ensuring social sustainable development.
  • In China, social enterprises now achieve their missions in a wide range of fields, including poverty alleviation, promote culture, education, community development, employment and skills.

Reducing segregation and increasing upward mobility in American cities, one housing voucher at a time

Retrieved on: 
Sunday, August 4, 2019
Articles, Public housing in the United States, Social issues, Education, Social classes, Economic inequality, Economic mobility, School voucher, Mixed-income housing, Moving to Opportunity

As part of the study, families were given additional resources and services to help them relocate to "opportunity" neighborhoods.

Key Points: 
  • As part of the study, families were given additional resources and services to help them relocate to "opportunity" neighborhoods.
  • "High-opportunity neighborhoods" are identified using the Opportunity Atlas to determine where low-income children have the best chances of upward income mobility.
  • However, most of the 2.2 million families receiving HCVs nationwide live in relatively high-poverty, low-opportunity neighborhoods.
  • Recently, Congress passed the Housing Choice Voucher Mobility Demonstration Act to help public housing authorities across the country expand access to opportunity areas for low-income families.