Mike Schilling’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.

Looking for affordable housing resources? 🏡 Check out our latest blog for six resources to help navigate affordable housing options. From rental assistance to down payment programs, we've got you covered. #AffordableHousing #BankingForGood

Accessible and attainable housing! Housing advocates we must change the message and communicate this better! Sessoms told the group that one of the first issues that needs to be addressed is the tone and tenor of the conversation around affordable housing. Several other members of the discussion agreed with Sessoms' assessment. Currently, he said, many people hear the term affordable housing and think of low-income or Section 8 housing. Instead, Sessoms said he prefers the term “accessible housing” – especially when it comes to the so-called “missing middle” housing, which refers to a range of housing types that fit between single-family detached homes and mid-to-high-rise apartment buildings. #attainablehousing #accessiblehousing

Unlock federal lands for affordable housing: 1. Prioritize non-market community housing, 2. Pivot from sales to $1 lease, 3. Ditch the idea of « surplus » land and look at mixed use

An interesting read from NPR about a new HUD approach to affordable housing and the voucher program. 🏘️ There are parts of HUD that believe providing cash instead of vouchers would enable more recipients to find housing. However, they acknowledge the reluctance of some landlords to accept vouchers is because of red tape, bureaucracy, etc. So would cash payments to tenants come with less government strings? How does the government ensure the money is going towards housing? I'm interested to hear options from people with experience in affordable housing? Would this help? Good idea or bad? #affordablehousing #starfirecap #realestate #realestateinvesting

The cost to buy a house in California recently hit a new all-time high, with the median price for a single-family home rising to $904,210 in April, exceeding the $900,000 benchmark for the first time in the state's history. This is why rents increase; the amount of supply is very limited. There are several factors at play here, from regulatory burdens to zoning issues, to the cost of construction materials. There are no easy solutions, but addressing this supply shortage will require a change in how the collective efforts of regulators, real estate professionals, and nonprofits work. The easiest way to alleviate the cost of housing is to simply build more housing. The easiest way to encourage more housing is to make it more attractive to build and be a part of the housing industry. #RealEstate #HousingMarket #BayArea

In a bold move to tackle the affordable housing crisis in Arizona, new legislation has introduced a pilot program aimed at increasing housing availability across the state. This initiative will be implemented in 10 geographically diverse communities, selected based on criteria that reflect the unique challenges and characteristics of areas including southern Arizona. This program empowers qualifying municipalities to apply for funding by demonstrating their efforts to streamline previous bureaucratic processes that hindered the development of affordable housing. By removing these obstacles, the legislation aims to facilitate a smoother path for developers and communities eager to build necessary housing solutions. At A New Leaf, we recognize the profound impact that stable, affordable housing has on the well-being of individuals and families. We are encouraged by these proactive steps that not only aim to increase the housing supply but also ensure that communities like ours can benefit from these developments. We look forward to seeing the positive changes this program will bring to our community and to those across Arizona who are in dire need of affordable housing options. https://lnkd.in/g-f3A5J2

🌴 A recent article sheds light on Florida's affordability crisis, attributing it to two key factors: insufficient wages and a scarcity of suitable housing options. 📈 Monthly rents are rising faster in Miami, Orlando and Tampa than almost any other area of the country. 👨👩👧👦 Affordable housing options are crucial for ensuring equitable access to shelter and promoting community resilience. 🏘️ With multifamily complexes and manufactured home communities, we can address economic challenges while providing safe and affordable homes for all. 📄 Read the full article: https://shorturl.at/pyFQ9 #VerticalEquityPartners #FloridaHousing #RealEstateInvesting

The challenges highlighted in this article truly underscore the immediate need for comprehensive solutions to address the housing crisis in our state. It's disheartening to hear about renters like Sucely, who are struggling to make ends meet amidst soaring rental prices. In order for meaningful change to take place, Rhode Island must make substantial investments in affordable housing in order to pave the way for a more equitable future where everyone has a safe and affordable place to call home.

Pg 11 in today's Herald Sun 🗞 The state’s public housing register is grappling with a more than 100-home reduction in the space of a year during the “worst housing crisis in living memory”. In the 2022-23 financial year, Homes Victoria had acquired 854 private properties to be used as part of their head leasing program, but from July 1, 2023 to April 2024, that number dropped to 747. Homes Victoria leases private properties, otherwise known as “head leasing”, to assist in relocating renters during redevelopment programs, provide short-term transitional housing and supplement public housing. Read more ✍ https://lnkd.in/gTAaPRJW #realestate #property #socialhousing #publichousing #Victoria Jacob Caine Sarah Toohey Maiy Azize Deborah Di Natale