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State and local policymakers around the country are working to address America’s severe housing shortage, by considering, and implementing, a wide range of policies in the hopes of increasing housing supply. These policies range from substantive revisions to zoning codes to procedural reforms to the land use approval process.
Furman Center faculty directors Vicki Been, Ingrid Gould Ellen, and Kathy O’Regan recently released “ Supply Skepticism Revisited ”, highlighting the latest rigorous research that draws out the nuanced effects housing supply has on housing affordability. “We need all hands on deck producing all housing.”
Two years ago, Missouri State House Representative Kevin Windham began asking questions to try to understand why there were so many vacant and abandoned properties in the communities he represented in suburban St. Windham introduced legislation drafted by the coalition to address these challenges. Louis County, Missouri.
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.
By Tarik Abdelazim , Director, National Technical Assistance, Center for Community Progress Before I came to Community Progress, I spent eight years in public service in my hometown, Binghamton, New York. Then, I heard that New York was exploring legislation to allow municipalities and counties to create land banks. I wondered.
At the height of the foreclosure crisis post-2008, a group of elected officials, communitydevelopment practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. In 2006, the Ohio General Assembly passed this legislation. Ohio’s Traditional Land Bank Law.
Across the country, small and rural communities grapple with economic challenges and an aging housing stock that leads to similar outcomes: a flood of VAD properties that threaten the health, safety, and resilience of these residents. CP: You played a key role in advocating for West Virginia’s land bank-enabling legislation.
The board said I’d be buying properties that were abandoned and tax delinquent and selling them to developers to turn into affordable housing. I developed a reputation for finding solutions and as a result stepped in to lead the Blight Authority of Memphis. A Mercy Housing Duplex, part of Phase VI of Savannah Gardens.
Introduction In November of last year, the Federal Housing Finance Agency (FHFA) published a report 1 (the Report) recommending reforms for the Federal Home Loan Bank (FHLB) System. the legislation establishing them). However, F&F launched a major lobbying effort and successfully defeated the legislation in Congress.
By: Liz Kozub I got my start in transforming vacant properties in 2012 as an intern for the City of East McKeesport, Pennsylvania, a dense community of just over 2,000 residents with tremendous community pride. Priority 2: Facilitate Community Resiliency Through Vacant Land Reclamation Vacant land (i.e.,
For communities with a large number of these so-called “ blighted properties ”—the result of decades of disinvestment, population loss, and unjust land and housing policy—the challenge is how to stop those properties from harming their communities and get them back to productive use equitably, efficiently, and effectively.
Identify untapped market potential to build stronger housing markets. But conditions in the communitydevelopment landscape can also change quickly. The state auditor’s new understanding of this much-needed reform allowed Bennet and her colleagues to move forward authoring new property tax sale legislation.
Introduction The Federal Home Loan Bank (FHLB) System 1 is a relatively unknown but important part of America’s housing and financial system, with over $1 trillion in assets. It was established by Congress in 1932 and today consists of 11 regional FHLBanks that operate as one system, cross-guaranteeing each other’s debts.
From the article: In theory, the bill will give communities a head start over private investors in bidding to save, run and, in some cases, repurpose valued buildings and assets. But Labours overall communities strategy needs to be considerably fleshed out if its impact is to be transformative.
In non-emergency situations, local government housing loans are authorized “only when the planning, construction, and financing of residential housing is not otherwise available to ‘persons and families of low income’” due to “the inability of private enterprise and investment, without assistance, to meet that need.” 29, 49, 50 (1970).
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