$40 billion of COVID-19 aid unlocked to build affordable housing
Teachers and other essential workers will be eligible for leave under expanded affordable housing rules, according to a recent Treasury Department document. (iStock) To encourage affordable housing projects, the U.S. Treasury plans to ease state and local governments’ access to unused COVID-19 funds. According to a recent report, the department announced it would update its […]
NY state budget talks drag on with little clear agreement on Hochul’s housing plan
New York state budget talks will drag on in Albany this week as lawmakers remain optimistic despite indications there is little agreement on key issues such as housing. Dew. Gov. Kathy Hochul is pushing for a sweeping bill aimed at expanding housing development in the Empire State, but the bill is increasingly in doubt as […]
Maine Gov. Mills proposes budget revisions for housing, childcare
Democratic Gov. Janet Mills announced a budget amendment Friday that includes additional one-time spending to build housing for Maine residents, provide subsidies to child care providers and accelerate nursing home rate reform. Proposed spending includes $5 million to help mobile home residents purchase mobile home parks and another $22 million to build additional housing, both […]
Barbara Corcoran reveals when housing prices ‘will go through the roof’
One of the most prominent figures in American commerce, finance and real estate has revealed exactly when the housing market will undergo its next dramatic change. “I can’t explain whether interest rates will go up or down. That’s not my preference. But what I can explain is that if interest rates go down another percentage […]
Hochul Dumps $2.4Billion Into Migrant Care, State-Funded Housing
In her latest budget, New York Democratic Gov. Kathy Hochul proposed $2.4 billion in spending for immigrants and a plan to spur housing development in a state with some of the highest rents and home prices in the nation. Hochul on Tuesday unveiled a budget proposal aimed at addressing pressures facing the Empire State, including […]
REPORT: San Francisco Board Defies Mayor London Breed, Passes Housing Density Law
San Francisco’s Board of Supervisors on Tuesday overrode Democratic Mayor London Breed’s veto, the San Francisco Standard reported. Supervisor Aaron Peskin introduced legislation that would limit the number of new homes built in San Francisco’s historic districts. Despite the mayor’s veto and the three other supervisors’ opposition to the bill, the board strongly supported Peskin’s […]
America has a housing problem. New Dems have a solution.
You’ve probably heard of the “Not In My Backyard” (NIMBY) movement, but you may not be familiar with “Yes In My Backyard,” an approach that embraces affordable housing development in all communities. not. We are facing a national housing crisis, and Americans cannot afford to turn a blind eye to the needs of our neighbors, […]
Mortgage lending took a huge dip in Q4, but there’s hope for spring housing: report
Housing supply is improving as the spring home buying season approaches. (iStock) Mortgage lending continued to decline significantly in the fourth quarter of 2023, but recent reports indicate that things are starting to turn around. According to the newspaper, soaring house prices, soaring borrowing costs and weak housing supply have pushed lending rates to their […]
Atlanta property owner says squatters hindering his ability to build affordable housing units
An Atlanta property owner says a group of squatters is blocking his efforts to build affordable housing on a nine-acre site. David Morris said he is having trouble removing the group from his property after the city issued a moratorium on evictions. “We won’t build until all the tenants are out,” Morris said. Fox 5 […]
AOC, progressives revive $234 billion ‘Green New Deal’ for housing, targeting gas stoves and CO2
It’s green in more ways than one. Rep. Alexandria Ocasio-Cortez and a group of progressive lawmakers on Thursday reinstated the Green New Deal for public housing legislation. The law aims to reduce carbon emissions by building more public housing and targeting things like gas stoves. “We have to get back to the era of rebuilding […]