Entryway CFL’s Post

"Our first-of-its-kind rent-to-own affordable housing program, developed with our member Cascadia Green Development, was featured in the The Vancouver Sun this weekend.   Mike Schilling, Community Savings CEO, said in the piece: “This one program — our one credit union, one developer, one city — is not going to solve the issue of housing affordability. But what we can do is we can demonstrate that this is a program that works for everybody. And we can challenge other lenders, other cities and other developers to follow suit." #socialpurpose #housingaffordability https://lnkd.in/gAe_sWDt.

🌠 How Is One Company Redefining the Affordable Housing Landscape? Dive into the remarkable story of Kwame Ellis and Khalid Shabazz, who since their start in 2014, have turned Titan & Associates into a powerhouse of innovation in the real estate sector. With strategic partnerships and a focus on community upliftment, they've managed to double their revenue every year since 2020. This article explores their unique journey and the innovative strategies behind their success in transforming affordable housing. What Sets Them Apart: 🛠️ As a licensed general contractor, Titan & Associates spearheads Dallas' HIPP and the American Rescue Plan Act Neighborhood Revitalization Program, providing crucial loans for improvements in underserved neighborhoods. 📈 Shifting gears from rehab projects to pioneering over 150 new single-family homes, their efforts are a beacon of hope for affordable housing and community resurgence. 🤝 Embracing collaborations with public and private sectors, they're setting new benchmarks in affordable housing, opening doors to homeownership for communities in need. Discover the full story and be inspired by their journey of innovation and impact. Click here to learn more ⤵️ #affordablehousing #innovation #communitydevelopment #realestaterevolution #realestate #realestateagent #home

Get advice from experts on how you can gain support from your #housing plan. In this webinar recording: Learn how Americans view housing in their own communities with exclusive Polco data. Elrod Strategic Planning Consultant, Diana Elrod, explains how her company brought people together to discuss much-needed housing in the Bay Area.  And Abby Boyd Director of Housing Opportunities, Virginia Housing, discusses how the #HousingShortage has impacted her state’s communities and what they are doing about it. Read more: https://lnkd.in/ep-sxyHN

#ThisIsMyWhy Two years ago we were introduced to Sierra Murray, a woman local to the Capital Region who owned a 2-unit property she wished to gut rehabilitate and breathe new life into the building. With the goal of bridging the racial wealth gap, our Albany The Community Preservation Corporation team got to work. Despite another undervalued appraisal and a skyrocketed insurance premium in a formerly redlined community, we didn’t say, “No,” we said, “How?” We thought creatively and innovatively to assist Sierra with her first construction loan project, while also providing her with technical assistance through our ACCESS Incubator Training Program, and connected her to BIPOC-led housing consultant firm, Let's Brainstorm LLC to assist her pre/post-construction loan closing. The result: a gut-rehabilitated, newly renovated home that will provide #AffordableHousing to two families in Albany. The kicker… this home is on Sierra’s block. I have no doubt this project will be catalytic to transform this neighborhood. When we envisioned launching our training series to empower novice BIPOC real estate developers, this is exactly what I saw in my mind. To see it come to fruition, makes my heart swell. And this isn’t the end for Sierra, it’s only the beginning. We look forward to helping her finance her future projects for development. This is how you #diversify the industry! #CPCACCESS #AccessToCapital #AccessToResources #CommunityDevelopment #DontTalkAboutItBeAboutIt #CatalyticChange #WalkTheWalk

Check out HousingWire’s recent article on the FHFA report highlighting the Federal Home Loan Bank System’s 2023 impact on affordable housing and community development. The report underscores FHLBanks' commitment to expanding affordable housing access, reaching nearly 65,000 low- and moderate-income households and funding over 400 targeted economic development projects. With AHP funding up by $180 million and CIP and CICA advances growing by 44%, the system has bolstered support for lower-income communities. By exceeding statutory funding, FHLBanks are driving creative solutions to meet housing needs and build stronger, more resilient communities nationwide.

Nearly 16 years ago, I was preparing to join the Obama administration as U.S. Department of Housing and Urban Development secretary during an unprecedented foreclosure crisis. Today, we are less than a month out from Election Day and face a different kind of crisis, but one that is equally consequential: We suffer from a profound lack of affordable housing—both for renters and owners—that threatens to destabilize our economy and the future of millions of families.    For Affordable Housing Finance, I wrote about the challenges of our broader affordable housing crisis today and the urgent demand for bipartisan solutions that scale.     While the challenges continue to mount, it’s not hopeless: at the local, state, and federal levels, there is a growing consensus on what is needed to address our housing shortage, and that consensus is delivering impactful change in real time. Enterprise Community Partners is proud to be delivering on that change.   As a nation, we can’t afford to waste this crisis. https://lnkd.in/eh9-uNvs

Today, we were honored to welcome representatives from U.S. Department of Housing and Urban Development including FHA Commissioner Julia Gordon, esteemed local leaders, Minnesota Housing representatives, and residents to Hopkins Village Apartments. This gathering provided a valuable opportunity to engage in dialogue about the significance of HUD Risk Share financing and the critical role of local partnerships in ensuring the strength and stability of our communities.   The presence of HUD representatives underscores the federal government's commitment to supporting affordable housing initiatives and fostering community development. Their participation highlights the importance of collaborative efforts between federal, state, and local stakeholders in addressing housing challenges and promoting equitable access to housing opportunities.   By partnering with MN Housing and HUD, communities gain access to invaluable resources, expertise, and funding opportunities. These organizations offer a wide range of programs and initiatives aimed at expanding affordable housing options, revitalizing neighborhoods, and enhancing the overall quality of life for residents. Through strategic partnerships, local governments, nonprofits, and developers can leverage these resources to implement innovative solutions to housing challenges.   The HUD Risk Share Mortgage, in particular, serves as a vital financing mechanism for community development projects. This program enables lenders to share the risk associated with financing affordable multifamily housing developments, thereby encouraging private investment in underserved communities. By providing favorable terms and reduced risk for lenders, the HUD Risk Share Mortgage facilitates the construction, rehabilitation, and preservation of affordable housing units, ultimately increasing the supply of safe and affordable homes for low- and moderate-income individuals and families.   Through collaboration, innovation, and strategic investment, we can address housing needs, promote inclusive growth, and build stronger, more vibrant communities for generations to come.

We are proud of the fight so far for housing and grateful for the community’s support. It’s important to remember that stable and affordable housing is a foundational factor for education, income and health, playing a crucial role in shaping the overall well-being of individuals and families. In North Texas today, a minimum-wage worker working full time cannot afford to rent a two-bedroom apartment. We are regularly hearing stories from teachers in DISD who cannot live in the city they work in. The minimum salary for DISD teachers is $61k – They would have approximately $1500 to spend on housing costs – rent, mortgage, electricity, utilities. The average rent in Dallas today is $1,789 for a two bedroom apartment. We cannot continue to perpetuate the underinvestment in housing. Bond dollars allow for preservation of affordable housing and development of infrastructure for new housing. CHI truly believes we all agree that everyone should have access to safe, decent housing – prioritizing bond dollars for housing and homelessness will help us build the city we want to have.

Good Neighbors Dissolve Homelessness It has been eight years since I started collaborating with AEI to advocate for the safe, attainable and sustainable housing that dissolves homelessness. This year, I have the privilege of both moderating a panel discussion and presenting some new research projects. Please join the AEI Housing Center for the 13th Annual Housing Conference, which will feature a wide array of panels and presentations on the state of the housing market. A significant focus of the event will be the AEI Housing Center’s Housing Abundance Success Sequence, which outlines how to reliably increase housing supply and affordability. The event’s first day will feature five panels addressing housing market indicators and the state of the housing market, housing priorities for the new administration, first-time homebuyers and the future of the housing finance system, automated valuation models’ standards and evaluation, and the AEI Housing Center’s Housing and Economic Analysis Toolkit and Good Neighbors Index. The second day will focus on insights from the AEI Housing Center’s housing supply case studies, housing and the American worker, homelessness after the Grants Pass v. Johnson ruling, and the Good Neighbors Success Sequence.

Are we facing a housing crisis in Florida? The recent Home Matters Report reveals a stark reality: the gap between income and housing costs continues to widen. In Highlands County, a minimum-wage worker must juggle nearly 2.6 full-time jobs to afford a two-bedroom apartment. That’s over 100 hours of work each week, highlighting the urgent need for affordable housing solutions. While we have seen progress, such as the reduction in the homeless population in the area, the rising costs of rent and limited available units present ongoing challenges. In fact, a resident needs to earn over $19 an hour just to rent a one-bedroom apartment, and over $41 to afford a mortgage on a typical home. As real estate professionals, it’s our responsibility to advocate for more affordable housing options and support initiatives like Habitat for Humanity. Together, we can foster a community where homeownership is not just a dream for many, but a tangible reality. #AffordableHousing #FloridaRealEstate #HousingCrisis #CommunitySupport #RealEstateAdvocacy