In September, the average sales price for a single-family home in Colorado was almost $670,000. That’s a number most first-time home buyers and lower-income families find difficult to swallow. As a result of Colorado’s sky-high housing costs, state legislators have taken measures to increase affordable housing. But Nov. 8 is the first time Colorado voters get to…
Colorado Looking to Fund Equity and Affordable Housing Programs By Reducing Tax Refunds
October 18, 2022
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2022 Midterm ElectionsAffordable HousingColoradoequityPolicies & ImpactsPoliticsSocial IssuesUSUS News
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Los Angeles Votes to Incentivize Affordable Housing in High-Resource Areas
LOS ANGELES—In an effort to create more affordable housing in wealthier, so-called higher resource neighborhoods, the Los Angeles City Council has called for the preparation of an ordinance that would incentivize affordable housing projects in such areas. Only 14 percent of the affordable housing units permitted in Los Angeles during the past decade were located…
Nearly Half of Canadians Say Downtown Cores Have Declined in Past Year: Poll
Nearly half of Canadians say the state of the downtown core closest to where they live has declined in the past year, a recent poll shows. Released by Canadian market research firm Leger on Aug. 11, the poll reported that 45 percent of Canadians indicate that the downtown core nearest to them is declining. In…
LA County Moves Forward Plan to Turn Historic General Hospital Into Affordable Housing
July 30, 2022
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Affordable HousingGeneral HospitalLocal NewsLos AngelesRegional NewsRegional-Local NewsSouthern CaliforniaUS
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The Los Angeles County Board of Supervisors unanimously approved a motion July 26 to advance a plan to repurpose the county’s historic General Hospital to include hundreds of affordable housing units. Under the proposal introduced by Supervisor Hilda Solis, county departments must develop a financial plan and construction timeline for the project within 120 days. In…
San Diego Opens 40-Bed Shelter Focusing on Women With Medical Conditions
July 21, 2022
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Affordable HousingCatholic Charitieshomeless facilityhomeless shelterLocal NewsRachel's PromiseRegional NewsRegional-Local NewsSan DiegoSouthern CaliforniaUS
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SAN DIEGO—The city opened its newest shelter July 21 for homeless women—a 40-bed facility in the East Village offering a safe recovery place for women with serious medical conditions. Mayor Todd Gloria helped open the shelter, Rachel’s Promise, a collaboration between the city’s Homelessness Strategies and Solutions Department and the San Diego Housing Commission. It…
Over 40 Percent of Homes See Prices Drop in Multiple Local Housing Markets
June 30, 2022
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Affordable HousingBusiness & Marketseconomyhome prices to fallmortgage ratesnew home buyerreal estateUSUS Real Estate
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With home sellers realizing that buyers are no longer able to afford houses at current prices and mortgage rates, they are adjusting expectations and prices are dropping in multiple housing markets across the United States, according to real estate brokerage Redfin. In Provo, Utah, 47.8 percent of homes for sale saw prices go down in…
Amazon Providing $23 Million for Affordable Housing in Seattle
SEATTLE—Amazon said Thursday it is providing $23 million to help minority-led organizations build or preserve more than 500 new affordable housing units in Seattle—the latest spending by a tech company to ease a severe housing crunch the industry has helped create. The commitment comes from Amazon’s Housing Equity Fund, a $2 billion initiative launched in…
Why California Keeps Building New Homes but Still Lacks Affordable Housing | Erik Peterson
Many people are moving out of California because of the lack of affordable housing. But what is causing the cost to be so high? My guest is Erik Peterson, city council member of Huntington Beach. He discusses how California policies are causing the rise in housing costs and why building more is actually hurting affordability….
US Home Sales Drop as Median Prices Surpass $400,000 for First Time
U.S. home sales fell for the fourth consecutive month in May, as high demand continues to drive up real estate prices to unprecedented highs, according to new data from the National Association of Realtors. The Association released its monthly report on Tuesday, reflecting the unusual dynamics of the real estate market this summer. The report reveals…
New Tennessee Law Puts Homeless at Risk of Prison For Camping on Public Land
Tennessee will be the first state in the nation to make camping on public land a felony—punishable with up to six years in prison—when a controversial new law comes into force on July 1. This creates complications for the unsheltered homeless population amidst the backdrop of an affordable housing crisis. The fallout from the new…
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