The Garden State Takes a New Approach to Expanding Affordable Housing
Recent legislation in New Jersey could provide inspiration for eliminating affordable housing hurdles in other places with strong housing markets
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Biden's Proposed Fixes for Housing Affordability
In his State of the Union address, President Biden proposed several actions to improve housing affordability and supply
Biden Administration Extends Federal Housing Financing Program
Funds from the program are used to develop or rehabilitate affordable rental homes, helping boost US housing supply
Why It's Harder for Young Adults to Move Out of Their Parental Homes in Some States
Data show that in some US markets more than others, young adults aged 25 to 34 are continuing to live in their parental homes. One key reason: affordability
Housing Values Continue to Rise, Housing Market Gained $2.4T in Value Over Last Year
The total value of U.S. homes sees biggest gain in almost a year, with affordable East Coast and Midwest metros seeing gains of more than 10%
Affordability
San Diego to Provide $15.4M in Gap Financing for Low-Income Apartments
The financing will help make five low-income housing projects financially feasible, providing 400 units, 96 of which will be for the formerly unhoused
Affordability
Maryland Announces $400M Housing Bond to Support Affordable Homeownership
The Maryland Department of Housing and Community Development's recent mortgage revenue bond is the largest in the agency's history
Community Development
Texas Home Builder Donates 5,000 Thanksgiving Meals
Dallas-based Baluch Brothers Development is doing its part to help those in need during the holiday season
Affordability
NRP Group Delivers 52-Unit Affordable Housing Community in Cleveland
The residences cater to individuals and families earning up to 60% of the area median income
Economics
Inflation May Be Falling, but Housing Costs Are Staying High
Cooling inflation lessens the likelihood that the Fed will continue increasing rates. But despite the slowdown, high housing costs persist
Housing Policy + Finance
Pennsylvania Allocates $98M to Tackle Affordable Housing Shortage
The state of Pennsylvania has allocated the funds from the American Rescue Plan Act to produce more affordable housing units
Community Development
San Francisco Complex Offers 200 Housing Units Plus Support Services
San Francisco's City Gardens affordable housing complex offers on-site social services for families transitioning from being unhoused
New-Construction Projects
Florida Senior Housing Project Overcomes Challenges
A new senior housing development in Collier County, Fla., will provide affordable rentals for essential workers, seniors, and veterans
Housing Markets
The Best Places to Buy a Home During Fall
These housing markets offer greater inventory and more affordable list prices during the fall season
Government + Policy
White House Supports Commercial-to-Residential Conversions
The Biden administration has announced new plans to fast-track turning vacant commercial buildings into affordable housing