Metro’s affordable housing bond program on track to deliver promises to voters

Metro’s affordable housing bond program on track to deliver promises to voters

This week, Metro released the annual affordable housing bond report. The report includes details about bond housing production across the region in 2021, showing significant progress toward delivering on promises made to voters. Regional progress on affordable housing The bond was passed by voters in 2018 and aims to create 3,900 homes region wide. As

New Construction Falls in June as Higher Prices, Mortgage Rates Hit Housing Market | Economy

New Construction Falls in June as Higher Prices, Mortgage Rates Hit Housing Market | Economy

New home construction slumped in June as both housing permits and new home starts fell from May levels, the Census Bureau and the Department of Housing and Urban Development reported on Tuesday. Permits came in at 1.685 million, down 0.6% from the revised May reading of 1.695 million while starts fell 2% to 1.559 million,

U.S. housing starts drop to nine-month low in June

U.S. housing starts drop to nine-month low in June

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Register now for FREE unlimited access to Reuters.com Register July 19 (Reuters) – New U.S. home-building activity fell to a nine-month low in June and permits for

New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up

New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up

Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market. Plummeting mortgage applications suggest construction of single-family homes could crater

Big Denver housing construction proposals slowed way down when a new affordable housing rule kicked in

Big Denver housing construction proposals slowed way down when a new affordable housing rule kicked in

Four Habitat for Humanity houses, three of which include ADUs. A Chipotle on Tower Road. Those were the only five documented concept plans submitted to Denver Community Planning and Development in the first seven days after the launch of the city’s Expanding Housing Affordability program. Another had been submitted but not fully processed. So far,

HUD Closes  Million Rental Assistance Demonstration Conversion with Philadelphia Housing Authority to Create 58 Newly Constructed Affordable Homes

HUD Closes $26 Million Rental Assistance Demonstration Conversion with Philadelphia Housing Authority to Create 58 Newly Constructed Affordable Homes

HUD No. 22-127HUD Public Affairs(202) 708-0685 FOR RELEASEWednesdayJuly 6, 2022 HUD CLOSES $26 MILLION RENTAL ASSISTANCE DEMONSTRATION CONVERSION WITH PHILADELPHIA HOUSING AUTHORITY TO CREATE 58 NEWLY CONSTRUCTED AFFORDABLE HOMESNew affordable rental homes are part of redevelopment plan for Philadelphia’s Sharswood/Blumberg community WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development’s Office of Multifamily

Governor Hochul Announces Start of Construction on .5 Million Affordable Housing Development in Seneca County

Governor Hochul Announces Start of Construction on $13.5 Million Affordable Housing Development in Seneca County

Governor Kathy Hochul today announced the start of construction on a $13.5 million affordable housing development in the Seneca County Village of Waterloo. LaFayette Apartments will convert the historic Main Street School into 35 homes for seniors aged 62 and older. “Transforming the historic Main Street School into affordable housing is a great example of how state, local and