Pennsylvania Housing Finance Agency ’s Post

Check out our work for Pennsylvania Housing Finance Agency including the new Pennsylvania Housing Data Explorer and the latest Pennsylvania Comprehensive Housing Study! Some key findings: - Homes in the Commonwealth are among the oldest in the nation with a significant share needing repairs. - Median home value and median gross rent have both increased since 2010 - and a greater share of households with the lowest incomes have experienced housing cost burdens.  - Pennsylvanians are aging, which has repercussions on the types of housing needed. For more, read here: https://lnkd.in/eu47vjvX

New Pennsylvania Housing Finance Agency report and data dashboard, both developed by the Housing Initiative at Penn, released today! A few of the findings highlighted below, but many more in the report itself!

Nice consolidation of housing data and trends in one spot fir the Commonwealth.

How can we unlock the production of more middle-income housing in California? Our new analysis, building on our work modeling the math behind housing development, identifies how layering policy changes could bridge the affordability gap. Read more: https://lnkd.in/gHFfXQfE

Today in the Baltimore Sun, Maryland Governor Wes Moore and Housing Secretary Jake Day are making the case for state action to address housing costs -- and they're using data from the Greater Greater Washington-commissioned poll to do it. Less than two years ago, GGWash grew to include dedicated policy staff focused on addressing Maryland's housing crisis (Dan Reed!). Much of our state policy work has been happening behind the scenes, but it's been steadily ramping up. Having the chance to commission this poll and put data in the hands of policymakers *and* the public has been incredibly exciting. Next step? We need legislators to do what voters want: pass the Housing Expansion and Affordability Act (HB538/SB484) with the tweaks we're pushing for to help ensure it produces as much new housing as possible.

This article provides an overview of the current status, obstacles, and solutions to the affordable housing crisis in San Diego. While development is behind where it needs to be to keep up with demand, there have been recent wins from policy changes that went into effect earlier in the decade. Bottom line: it's going to take time and persistence, especially when faced with historic obstacles like community pushback and zoning laws.

🏠 Have you ever come across the term "AMI" and wondered what it means in the context of housing and income? AMI stands for Area Median Income, which is the midpoint of a region's income distribution. In simple terms, it's the income level at which half of the households in a specific area earn more, and half earn less. For Maryland, the current median household income in 2024 is $90,203. This figure is crucial because it determines eligibility for various housing programs, especially those managed by HUD (U.S. Department of Housing and Urban Development). These programs use AMI to set income limits for affordable housing initiatives across different household sizes. For instance, a family of two might have a lower income limit compared to a larger household size. Understanding AMI helps us ensure that affordable housing remains accessible to those who need it most, aligning with our mission to support our community. If you're curious to learn more about how AMI impacts housing affordability and our programs, feel free to reach out or visit our website. Together, we can make housing more attainable for everyone. 🌟

President Biden’s recent State of the Union included a significant focus on housing issues. While nine lines about housing may seem modest, seasoned observers recognize its significance. With housing at the forefront of the national dialogue, now is an opportune time to revisit the Bipartisan Policy Center’s comprehensive plan to improve housing affordability: the American Housing Act.  The plan takes a three-pronged approach, encouraging the creation of new affordable homes (both rental and for sale), preserving the existing stock of affordable housing, and helping families whose incomes do not match their housing costs with “demand-side” supports. It serves as a blueprint for bipartisan action, with many of its recommendations already introduced in Congress. Learn more about the American Housing Act here:  https://lnkd.in/exTpK947 

What is a housing needs assessment (HNA), and why does your community need one? It’s no secret that Georgia is suffering from an extreme housing shortage of at least 118,000 units (Department of Community Affairs, June 2023) across the state. The effect is sharpest in rural areas that were heavily impacted by previous recessions, who have added very few housing units to their stock in the last four decades. A Housing Needs Assessment holistically reviews the current housing inventory in your municipality, the multifaceted characteristics of your community, and your labor profiles to identify your community’s housing gap, or the number of necessary units to meet current demand. Using that data, the assessment then identifies demand expectations over the next designated time interval (usually 3-5 years), along with the pricing and types of housing units most attractive to local residents. This is a very simplified view of the housing needs assessment, but a well-researched and written HNA is a powerful tool for cities and counties to use when assessing building permits and attracting developers to the region. What questions do you have about Housing? What successes have you seen from Housing Needs Assessments in your community?

Affordable housing is high on the lists of the needs of the Iowa communities with which we work. We are always trying to better understand the trends -- current and historical -- around this essential need https://lnkd.in/etzyssXd