Iowa Finance Authority’s Post

Addressing the affordable housing crisis requires long-term commitment and creative partnerships. Cincinnati Action for Housing Now showcases how diverse stakeholders can come together to push for systemic change. Learn about their strategies, challenges, and insights: https://bit.ly/468cBrB #HousingTrustFund #InclusiveCommunities #HousingPolicy

Don't miss this #AffordableHousingMonth panel! Listen to experts in housing preferences including speakers from the City of Berkeley, Healthy Black Families Inc., and Resources for Community Development (RCD) - with moderation from BAHFA/Doorway. About the event: 👇 The City of Berkeley recently implemented a suite of housing preferences that prioritize particular households when they apply for affordable housing opportunities in the city. Rather than a preference policy focused on those who live or work in Berkeley - which does not result in equitable outcomes - the City prioritizes households with children and those who were impacted by BART construction, foreclosures, or eviction, historic redlining, or homelessness. With the complexity of implementing layers of housing preferences, the City turned to the Doorway Housing Portal, built on Bloom Housing, to develop a seamless digital application process including geo-based features that allow applicants and property managers to determine eligibility. The technology, in the hands of organizations like Healthy Black Families, will allow for better outreach to families eligible for housing preferences to apply for and gain housing in Berkeley. #BloomHousing #BusinessAsForceForGood #Equity #TechForGood #GovTech #AffordableHousing #HousingInnovation #GovInnovation

Housing affordability is a complex issue that intersects with health, transportation, economic development, and social equity. Cincinnati Action for Housing Now demonstrates how diverse stakeholders can come together to address this multifaceted challenge. From establishing an Affordable Housing Trust Fund to pushing for dedicated funding through ballot initiatives, this grassroots campaign showcases the power of community organizing in shaping urban policy. For housing professionals, policymakers, and community leaders, Cincinnati's experience offers crucial insights on coalition-building, leveraging data, and maintaining momentum in long-term advocacy efforts. Explore their journey and its implications for addressing housing affordability in your community: https://bit.ly/468cBrB #AffordableHousing #HousingJustice #CommunityOrganizing

🌟 Spotlight on Marcella Gardens: A Triumph of Proposition HHH 🌟 CRCD is thrilled to have Marcella Gardens featured in this month's HHH Made This Editorial! Our ongoing commitment to ensuring affordable and secure housing for all South LA residents is powered by the collective efforts of our CRCD Partners, our Housing and Supportive Services team, New Economics for Women, partners across Los Angeles County, and the incredible support of Angelenos who championed Prop. HHH in 2016. Proposition HHH is more than just a policy—it’s a promise kept. Since its passage, it has delivered lasting results, bringing over 12,000 supportive housing units to our most vulnerable neighbors. These units provide not just a roof, but a foundation for safe, stable, and PERMANENT housing paired with impactful services. 🚪 Making History in LA 🚪 As we approach the end of the year, Los Angeles is witnessing a groundbreaking expansion of permanent supportive housing. With 30 new developments set to open, adding 2,279 units, this marks the largest expansion of affordable housing in LA's history. 2024 is set to be a landmark year, with more affordable housing opening in our city than ever before, solidifying LA's unwavering commitment to combating homelessness and housing insecurity. This success is a testament to the dedication of the Los Angeles City family, our resident services sector, and the mission-aligned affordable housing development community. As HHH funds conclude, we look forward to celebrating and showcasing these new homes, where many Angelenos will finally find a place to call their own. Learn more about this transformative program and track its progress: (https://lnkd.in/dp3ppmnx) #AffordableHousing #PropHHH #Homelessness #LosAngeles #CRCD #NEWimpact

The Indianapolis Economic Enhancement District, and others like it throughout the U.S., provides a unique and straightforward economic and community development tool for municipalities, developers, and property owners because it allows targeted control, financing, and development of projects without creating an additional financing burden on the City. Read our recent commentary on this financing tool: https://lnkd.in/eFsRJPzH

California Community Reinvestment Corporation (CCRC) was proud to sponsor San Gabriel Valley Consortium on Homelessness’s 2024 Housing Summit: "A New Season: Making Space For Affordable Housing" in San Dimas, CA! In addition to supporting the facilitation of this event, the Summit was also attended in-person by CCRC Relationship Manager Ting Xiao, who canvassed with other housing advocates to understand the implications of public policy on housing in the state of California. Los Angeles Mayor Karen Bass’s first Executive Directive, which streamlines affordable housing permitting, was a pertinent topic of discussion, as well as progress towards housing on faith-based organizations’ land and the future of the YIGBY (Yes In God’s Backyard) movement. Additionally, event attendees discussed methods of destigmatizing affordable housing within communities who oppose further developments. This advocacy work is indispensable to reversing decades of destructive narratives on affordable housing, which hurt the effort to guarantee stability and shelter to all Americans. The data on these important frameworks was made available by University of California, Berkeley’s Terner Center for Housing Innovation, Alliant Strategic Development, City of Pomona and National Community Renaissance. Creative legislative and advocacy solutions continue to move the needle on the housing crisis, and events like the 2024 Housing Summit are key to understanding how best to navigate a constantly changing housing landscape. CCRC is honored to continue fighting for affordable housing alongside other leaders in the industry. #affordablehousing #SGVConsortiumonHomelessness #ExecutiveDirective1 #ED1 #YIGBY

Where cities want to deploy quick-build housing, they have to find the funding for the treatment and job training programs needed to help get people back on their feet. https://lnkd.in/ev8rUg2D #Creativity #Innovation

I took the time to look over Housing Kent's dashboard today, and appreciate the thoughtful approach. There is another story to be told with this data, specifically the entry-level home metric shown below, that to me as at the heart of the housing troubles. It's some of the same folks that created the housing crisis 20 years ago. I'll explain below. In 2003 I bought my first house on Quimby Street in the Creston neighborhood of GR for the exact amount shown in the graph here: $66,000. It was an illegal duplex and needed a lot of work. Since then I have received at least two to five calls, texts or postcards every day from investors asking if I want to sell. Housing Kent suggests that "no one group is responsible for the housing crisis." This may be true, but investors and speculators have been directly responsible for making entry-level homes unattainable on the 400 block of Quimby Street NE. They buy up inventory with cash offers, and an even greater advantage since interest rates rose. Of 20 homes on my block, two are duplex properties and registered as multifamily housing units with the city. The remaining 18 are "entry-level" single-family homes. Speculators/investors have taken possession of 57% of those homes in the years since the housing bubble burst, impacting prices to the point where one that recently sold for $27k went for $303,000 this year. In the past decade, there have only been three sales that I would characterize as traditional family-to-family transactions: $60k in 2018, $128k in 2019 (prior sale of $62,800 in 2003), and $141k in 2021 ($55,000 in 1997). That increase is not dissimilar to my property, which increased from $25k in the 80s to $66,000 in 2003. There were another five houses that have not changed hands since the 00s. At least five houses were converted to rental properties (with LLCs listed as owner), with four selling for between $14,000 and $52,000 prior to 2015, and the most recent jumping in price to $189,000 in 2022 ($58,500 in 2015). That is at least 27% of the entry-level homes on my block off the market to investors and one non-profit, with landlords pricing the properties as high as the market will allow (except for the non-profit, presumably). And this is only homes owned by corporations, there might be more. (My property is now multifamily, which I count separately in this math) The other 27% are flips. While we can make a case that this improving our building stock in the city, the difference between sweat equity and investor equity is what prices people out. Since 2018 each of these homes were purchased and then resold in the same year for the following amounts: -$60,000 became $120,000 (2018) -$39,000 become $138,000 (2018) -$89,000 became $166,000 (2020) -$105,000 became $250,000 (2022) And a $27,000 home became $195,000 in 2021, and $303,000 in 2024.

We at CWA and CES understand that the housing-supply crisis present across the State of Michigan and the United States is a problem that effects all walks of life - and solutions are often complex. It's for that reason we'd like to share the following Second Wave Media article that covers a few examples of progress within Michigan that demonstrate how important collaboration between organizations is when tackling the housing gap. The Regional Housing Partnerships that were created as part of the State of Michigan first-ever statewide housing plan are active in solving the complexities surrounding the housing challenge. (The linked article is part of Second Wave Media's "Block by Block" series, supported by FHLBank Indianapolis, which follows small-scale minority-driven development and affordable housing issues in the state of Michigan.) Follow this link to read the full article: https://lnkd.in/eeVqDtUb #planning #Michigan #housing #collaboration #solvingproblems #partnership

Good housing is essential for personal stability and community well-being. Our latest article explores the social impact of quality housing on families, highlighting the importance of stable homes for financial stability, health, and education. Our latest article highlights two innovative UK projects, Goldsmith Street in Norwich, and Hackney New Primary School & 333 Kingsland Road, which set new standards for affordable housing and community integration. These projects highlight the significant social return on investment (SROI) and their potential to uplift communities. Read the full article below to learn how these housing initiatives are transforming the lives of families and how we can create a more equitable society through quality housing. The Positive Social Impact of Quality Housing for Families: https://bit.ly/4f869Fi #QualityHousing #SocialImpact #CommunityDevelopment #AffordableHousing #HousingInnovation #UKHousing #HealthAndEducation #FinancialStability #BetterLiving