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State and local governments are exploring ways to take a more direct role in financing, preserving, and developing housing to address the nation’s housing shortage with an array of public development models, according to a new policy brief by the NYU Furman Center and its Housing Solutions Lab. A Decline In U.S.
80 percent of respondents are public authorities, though land banks vary in shape and size from divisions of government to private nonprofit entities. 81 percent of land banks consider supporting the creation of affordable housing a top priority. Key Takeaways Affordable housing emerged as a top priority.
It’s a pervasive word in community revitalization, urban planning, and housing policy. In fact, having a few vacant properties is a necessary and normal part of a healthy housing ecosystem. Strategies like land banks , strategic code enforcement , delinquent property tax enforcement , vacant land stewardship , and creative placemaking.)
For example, land banks in New York are: Expanding the Production of Affordable Housing. And all land banks have partnered with either nonprofithousing providers or private local contractors to create more affordable housing choices, including rental units, across the state.
I went house-to-house with a clipboard documenting the conditions of vacant properties that dotted its beautiful brick streets. Ideally, families would once more be able to call these derelict properties home—but we were unsure exactly how to make that happen. Click here to learn more about our services and approach.
The former school houses community-led programs focused on passing on Puerto Rican culinary and cultural heritage through distribution of hot meals and by providing educational tutoring to local youth which incorporates local music and dance.
The CFE Fund is a 501(c)3 nonprofit organization; our programmatic, research and policy efforts focus on designing, embedding and replicating financial empowerment initiatives within the fabric of local government. By providing grants in support of nonprofit organizations through the Truist Foundation, we can help grow their impact.
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