As housing affordability challenges climb the income scale, state and local governments have adopted policies and programs to explicitly address the needs of middle-income #renters. A new paper examines what these programs are intended to do, what the potential benefits are, whom they serve, and the policy tradeoffs that might occur if state and local governments prioritize middle-income affordability challenges. https://lnkd.in/eRF-h8MP
Harvard Joint Center for Housing Studies’ Post
More Relevant Posts
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Great new Monday morning read by the Harvard Joint Center for Housing Studies (with a cite to the Florida Housing Coalition's Live Local Act summary!). Our greatest needs for affordable housing subsidy/incentives will always be for those with the lowest incomes (i.e. 80% and below AMI). Yet as this paper finds, Florida has one the highest concentrations of cost-burdened, middle-income renters in the country. This paper explores the dynamics and tradeoffs of designing policies that serve that middle-income tier (60-120% AMI) and how to avoid diverting limited resources away from persons with the greatest needs.
As housing affordability challenges climb the income scale, state and local governments have adopted policies and programs to explicitly address the needs of middle-income #renters. A new paper examines what these programs are intended to do, what the potential benefits are, whom they serve, and the policy tradeoffs that might occur if state and local governments prioritize middle-income affordability challenges. https://lnkd.in/eRF-h8MP
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Project Manager & Advocate for Affordable Housing and Sustainable Building Solutions
I would be interested to see how these policies get implemented to ensure that the resources used are not impacting low-income families in a negative way. It's clear that affordable housing is an issue across different income levels. Efforts to alleviate economic burdens are essential but criteria needs to be implemented by each state to avoid widening the gap for low-income household which are primarily made up of minorities and already underserved communities. #affordablehousing
As housing affordability challenges climb the income scale, state and local governments have adopted policies and programs to explicitly address the needs of middle-income #renters. A new paper examines what these programs are intended to do, what the potential benefits are, whom they serve, and the policy tradeoffs that might occur if state and local governments prioritize middle-income affordability challenges. https://lnkd.in/eRF-h8MP
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Construction Management & Building Science Student at Metropolitan Community College, Levi Carter Sherman Neighborhood Association President, and Community Member & Volunteer
How to Help Middle Income Housing
As housing affordability challenges climb the income scale, state and local governments have adopted policies and programs to explicitly address the needs of middle-income #renters. A new paper examines what these programs are intended to do, what the potential benefits are, whom they serve, and the policy tradeoffs that might occur if state and local governments prioritize middle-income affordability challenges. https://lnkd.in/eRF-h8MP
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Such a critical need that cannot be overlooked. In today’s economy and housing market, many middle income families are also being squeezed out of the housing market - for both rental and homeownership. If the trend continues without policy change to change the trajectory, our country will end up with more homeless people and more people living in poverty and in substandard housing. We will be a country of the wealthy and everyone else. We can and must do better. Policies should also address the need for more affordable homeownership opportunities for low and moderate income families to build wealth and upward mobility. One option is increytge use of New Markets Tax Credits to support affordable homeownership development. We have done over $600 million of such projects in the country since 2008. That is just a drop in the bucket of the need. The possibilities are endless. Let’s make it happen. #affordablehomeownership #nmtcsforhomeownership
As housing affordability challenges climb the income scale, state and local governments have adopted policies and programs to explicitly address the needs of middle-income #renters. A new paper examines what these programs are intended to do, what the potential benefits are, whom they serve, and the policy tradeoffs that might occur if state and local governments prioritize middle-income affordability challenges. https://lnkd.in/eRF-h8MP
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“This year’s Gap finds that the lowest-income renters in the U.S. face a shortage of 7.3 million affordable and available rental homes. As a result, nearly three-quarters of renters with extremely low incomes are severely cost-burdened, spending more than half of their income on rent and accounting for nearly 70% of all severely cost-burdened renters in the U.S.” #TheGap2024 #affordablehousing Great job as always by the National Low Income Housing Coalition laying at the nuances of the affordable housing crisis in America!
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Real Estate Development, Consulting and Finance for Workforce, Affordable and Attainable Housing
Climbing rents have propelled cost burdens to staggering new heights: in 2022, half of all US renters were cost burdened. The number of renter households spending more than 30 percent of their income on rent and utilities rose by 2 million in just three years to a record high of 22.4 million - with the financial strain rising the fastest for middle-class. The "Tax Relief for American Families and Workers Act of 2024 (H.R. 7024)" is receiving wide bi-partisan support and making its way out of committees - it would be a huge step in providing more resources to address the growing need for more attainable and affordable housing. #affordablehousing #workforcedevelopment #workforcehousing
Rent has never been less affordable, especially for the middle class
washingtonpost.com
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Half of voters think Government must work harder to push UK homebuilding, according to joint research by Zoopla (part of Houseful) and Ipsos UK https://lnkd.in/ep2UtvMc #homebuilding #housebuildingtargets
Half of voters think Government must work harder to push UK homebuilding
https://www.yourmoney.com
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Half of voters think Government must work harder to push UK homebuilding, according to joint research by Zoopla (part of Houseful) and Ipsos UK https://lnkd.in/ep2UtvMc #homebuilding #housebuildingtargets
Half of voters think Government must work harder to push UK homebuilding
https://www.yourmoney.com
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Great but Housing should justify a Cabinet appointment, a person who understands the housing industry and is qualified to lead a national debate on all aspects of housing need. We have had far too many housing ministers over the past 20 years and none of them took their role seriously. Good housing is one of the most important issues affecting the whole population. The problem can be solved but there is more to a solution than just developing green field sites. For example, look up at the floors above our high street shops etc. they are empty. We need to bring back life into our towns. We need to provide affordable alternatives for elderly persons living in under-occupied homes. Look at second home ownership and above all provide sufficient first class affordable homes. Prevent developers holding onto vasts tracts of land with planning permission to drive up prices. Finally have planning system which works with applicants instead of against them.
Prime Minister of the United Kingdom. Labour MP for Holborn and St Pancras and Leader of the Labour Party. Former Director of Public Prosecutions.
With Angela Rayner and me, the next Labour government will rekindle the dream of homeownership for families across the country.
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For over 35 years, the National Low Income Housing Coalition’s Out of Reach report has highlighted the growing disparity between wages and the cost of rental housing across the U.S. This year's report continues to show that affordable rental homes remain out of reach for millions of low-wage workers, seniors, families, and other renters. Explore the full report to understand the challenges faced by renters in Pennsylvania and nationwide: https://nlihc.org/oor
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Cultural Economist helping leaders build a common ground of understanding and collaboration on race and economic equity
3moWe seldom hear about which demographic owns the vast majority of the entire U.S. housing stock. Isn't this an important topic of interest? It reveals quite a different picture of the true condition of the housing market in a multiracial multicutural society than the data on homeownership percentages by racial group.