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How local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

Affordable housing developers, particularly those using the Low-Income Housing Tax Credit (LIHTC) to build new low-income rental housing, are also feeling the effects of this challenging development environment. 1] The data shows that rising costs are taking a toll on new affordable housing projects.

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2024 Update: Local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

Earlier this month, DFI examined how local governments in North Carolina have stepped in to make new affordable housing construction economically viable after a historic increase in construction costs and elevated interest rates. In response, developers increasingly relied on local governments to fill the financial shortfall.

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How New Jersey’s new affordable housing law aims to ease the housing crisis

GCN

The new law lets municipalities know exactly how much affordable housing they have to build. It’s an approach that states are increasingly trying in an effort to pressure local governments to increase affordable options.

Housing 124
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Thriving Communities TA: Helping Local Governments Coordinating Housing and Infrastructure

NLC (National League of Cities)

Department of Housing and Urban Development; and Sarah Schaefer, social science analyst, Office of Policy Development and Research at the U.S. Department of Housing and Urban Development. Article by Pam Blumenthal, social science analyst, Office of Policy Development and Research at the U.S.

Housing 96
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Local Governments Break Down Data Silos to House Vulnerable Citizens

State Tech Magazine

As 2024 dawned the Sonoma County, Calif.-based based nonprofit Social Advocates for Youth made an urgent announcement: It would need to close Northern California’s only homeless shelter for youth if it couldn’t raise funds.

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How local governments can respond to the housing crisis

GCN

A new book by Charles Marohn and Daniel Herriges of Strong Towns encourages local officials to promote small-scale developments, even if it means using city financial tools to get them off the ground.

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Amid a housing crisis, hospitals offer a dose of relief

GCN

The housing crisis may be too big for state and local governments to overcome. That’s why hospitals are stepping in to remedy housing and health care gaps.

Housing 96