#housing-affordability

#housing-affordability

This bipartisan bill gives families the chance to invest, grow equity and strengthen our local economy.

"Mitchell-Lama was one of New York's most successful projects, and the time has come for us to do it again."

Nicole expressed that even with both her and her husband's well-paying jobs, they find it difficult to afford a family home, saying, "We'd love to leave our apartment and get some space, but it just feels so out of reach."

Nearly one-third of Texas homeowners might face unexpected tax bills when selling, as 32.9% exceed the $250,000 federal capital gains exemption.

The cafe would breathe new life into the Carpenters, creating a welcoming and inclusive space for all. This vibrant community hub will serve residents and invite people from across Newham to connect and enjoy.

Rhode Island's 'Taylor Swift Tax' imposes steep surcharges on luxury second homes valued over $1 million, potentially adding over $100,000 in new property taxes for owners like Swift.

The NYC Rent Guidelines Board approved increases of 3-percent for one-year leases and 4.5-percent for two-year leases, affecting over one million apartments starting Oct. 1.

"It is the role of this board to balance the reality of rising cost and financing challenges facing owners with what are deep affordability challenges facing tenants," said Doug Apple, the board chair, to boos from the crowd.

According to the U.S. Department of Housing and Urban Development, a household that spends more than 30% of its income on housing is deemed to be cost-burdened. If it spends more than 50%, it’s considered severely burdened. In 2023, 54% of all renters spent more than 30% of their pretax income on housing. That's up from 43% of renters in 1999.

Premiums for mobile home insurance can vary based on the age and condition of the home, insurance claim history, and location.

Under existing UK planning rules, developers can use viability assessments to justify providing fewer affordable homes, often leading to significant shortfalls in anticipated numbers.

Finding affordable housing as a single buyer in the U.S. remains challenging, especially with median listing prices around $440,000, but some states offer alternatives.

Bexley's overall reputation as the unhappiest borough in south east London overlooks its green spaces, affordable housing, and strong community ties that add significant value.

"The affordability challenges have not eased over the past year, and a cloud of uncertainty has rolled in, added to the elements of concern."

"Abigail Court offers a new model for serving the significant population of college students in dire need of affordable housing, showcasing innovative solutions to a critical issue."

"It's hard to find a market as expensive as Seattle... We're really right behind the expensive coastal California markets when it comes to typical single-family home prices."

The HELPER Act could eliminate down payment and mortgage insurance requirements for frontline workers aiming to purchase their first home.

"The Black population in Brooklyn is shrinking for the first time since the Great Migration," Restler said, adding that Williamsburg and Greenpoint have lost 15,000 Latino residents over the past 15 years.

"With the passage of this first-in-the-state legislation, we are putting corporate landlords on notice: if you're using software like RealPage to coordinate rent hikes, you're breaking the law - and now, tenants and the city have the tools to hold you accountable."

A bill aimed at increasing penalties for soliciting sex from minors has sparked controversy among California Democrats, providing criticism opportunities for Republicans.

During the pandemic, people working in high-cost areas chose to move farther east as they were able to work remotely. This shift shows a clear preference for affordable housing options.

Australia's upcoming federal elections are significantly influenced by housing affordability issues, with the ruling Labor Party currently leading in the polls over the Liberal-National Coalition.

"We have an aging population, and a lot of people on lower income in that age range, and it's just an incredibly unfair burden to put on them," House Minority Leader Billy Bob Faulkingham (R-Winter Harbor) told WGME.

We know that the housing supply gap is not evenly distributed across the country, as states that received poor grades face affordability issues without increased home construction.

Leslie Macfarlane, a retiree, expressed her frustration upon being evicted from her home as living costs surged, revealing the grim reality of housing affordability.

Turner stated, "We have a housing affordability crisis in our country, and so today we are ensuring that American taxpayer dollars are used to assist the American people."

Over the past two decades, the number of senior households considered severely cost burdened has nearly doubled, rising from 5.2 million to nearly 11.7 million.