Virginia Department of Housing and Community Development’s Post

Now that I have been to a few gatherings where the conversation about "how AI can help housing and community finance" has gone in many different directions, from - trepidation to fear to excitement. As someone who knows a little bit more about this space, I should put a stake in the ground and say what is obvious to me. Housing finance needs all the help it can get, especially at state, city, and local governmental authorities, who have been given the tough job of creating affordability and supply through policy and housing finance and bringing public money to private developers, and having an impact on overall housing supply crises. We need AI to take on the repetitive tasks like - 1. Explain QAPs, answer questions on loan programs, 2. Train staff as well as free them up to do higher-level creative jobs 3. Onboard large amounts of data sets 4. Compare and contrast data sets 5. Do underwriting analyses 6. Create standardization across various organizations This will all ultimately help us build a robust ecosystem around housing finance. I am convinced that we can use AI creatively to have a significant NET POSITIVE IMPACT on housing finance.

See how we helped redefine Savannah, GA's approach to housing, economic, and community development. With our platform, they streamlined processes, slashed reporting errors by 96%, and shifted focus back to community outreach. Read the case study to get the full story: https://hubs.la/Q02v1Nrb0

We hope to see you there! Click the link in the below post for further details.

In the world of housing and community development, data-driven decisions are key to maximizing impact. One tool that’s transforming the way we approach this work is Geographic Information Systems (GIS). Visualizing data geographically allows us to identify areas with the greatest need and allocate resources efficiently. From site selection for affordable housing to planning community services, GIS empowers us to make informed decisions based on real-time data. At Harris County Housing & Community Development we're exploring innovative ways to use GIS to enhance the quality of life for the communities we serve. With its ability to analyze and visualize complex data, this technology can make a real difference in how we approach growth, sustainability, and equity. Thank you Cheryl Wilder for taking us there! #GIS #HousingDevelopment #CommunityImpact #AffordableHousing #DataDrivenDecisions #harriscountyhcd

Learn more about the history of the Community Development Block Grant program and why it began! 🌆 For 50 years, CDBG has supported affordable housing, infrastructure, and community building across the U.S. In our recent blog, we look back at its achievements, challenges, and what’s next: https://hubs.la/Q02Whts80

In 1974, the Community Development Block Grant (CDBG) program was born from a bold idea: consolidate multiple federal grant programs into one powerful initiative. This move aimed to give local governments more control to address their unique challenges, from housing to infrastructure. Curious about how this transformation shaped community development? Read our blog on the 50th anniversary of the CDBG program: https://hubs.la/Q02Pmw2Q0

Unlike most rating systems that are prescriptive, #JustCommunities is a process and outcome-based certification, designed around five commitment areas (Belonging, Opportunity, Wellbeing, Mobility & Environment) and four implementation phases (Groundwork, Governance, Roadmap & Implementation) that are responsive to a community’s most pressing #priorities, #opportunities, and #challenges. Just Communities is the world’s most rigorous #equitable and #regenerative development framework designed to help resident leaders, community-based organizations, developers, and municipalities build a common vision, governing structure, and workplan to guide future growth and development over time. Partnership for Southern Equity

Like it or not, AI is already part of your everyday life, at business and home. I'm thrilled to be working again with Kevin McNulty to talk about using AI in the nonprofit workspace. #artificialintelligence #artificialintelligencefornonprofits #nonprofits #communitydevelopment #missionmatters #missiondriven

We're proud to share this insightful article by our Vice President of Community Development, Jacky Ham, in CAI Gold Coast Chapter’s Gold Coast Connection. Dive in and learn why fiber is the best choice for top-tier internet today and for the future. You can see Jacky’s expert analysis on page 38 of the latest issue: https://lnkd.in/e92rcYmX

As Lower and Outer Cape communities grapple with the pressing need for affordable housing, many towns have historically tackled the issue with a piecemeal approach, focusing on one project at a time. This method, while well-intentioned, has proven inadequate in meeting the growing demand, as each project can span up to a decade from conception to completion. Enter the Housing Development Pipeline—a strategic approach the Community Development Partnership (CDP) advanced to streamline and accelerate the development process by ensuring a steady flow of projects in the pipeline. Learn more about this new initiative at https://lnkd.in/drqD8uhw >>