Affordable Housing

Lake Trust Credit Union donated $25,000 to Habitat for Humanity of Monroe County to support affordable housing in the community. This contribution was made through the credit union's annual Home Loan Giveback Program. The donation is part of Lake Trust’s ongoing investment in Monroe County.

The city of Norfolk has received $1 million in federal funding to assist in the redeveloping of the Globe Iron site. Plans involve demolishing the long-abandoned location with the goal of creating affordable housing. Additionally, the city issued a request for bids related to clearing 17 acres situated within Bruce's Park.

The Mamdani admin has scrapped its plan to construct affordable housing on the site of Elizabeth Street Garden. Lucy Yang has information regarding the potential conclusion of this battle, which spans more than a decade.

An S.F. supervisor is urging the city to improve its data records concerning city-owned properties. Mahmood noted that updating this property database would be instrumental in identifying potential sites for various community needs, including grocery stores, food pantries, and affordable housing.

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Demolition of the old Dee Lite Bakery in Kalihi began on August 3 to clear the way for future affordable housing development near the upcoming Kalihi Skyline Station.

The San Francisco mayor’s office and labor groups attempted to remove the term 'affordable housing' from a November ballot measure's voter pamphlet digest but failed. The wording remained in the final version of the measure.

India's real estate market is experiencing strong growth, with sectors like shopping centres, warehouses, and office leasing performing at record or near-record levels. However, affordable housing remains a critical gap despite the overall boom.

Jamie Dimon discussed San Francisco's economic turnaround, criticized a wealth tax, and mentioned his post-JPMorgan plans during an interview with The Standard. He addressed topics including the AI boom and affordable housing challenges.

JPMorgan Chase will invest $750 billion to finance 1 million affordable housing units and assist 500,000 people in purchasing homes.

JPMorgan has committed $200 million to the Potrero Power Station housing project in San Francisco, aiming to support affordable housing initiatives. The investment is part of the bank's broader strategic focus on affordable housing.

Three former council members, Bernard Carvalho, Mel Rapozo, and Felicia Cowden, are among six candidates running for Kauai mayor. They aim to address issues such as affordable housing and infrastructure.

A former Metro Councilmember in Nashville is challenging a petition campaign seeking to end auto racing at the Nashville Fairgrounds Speedway and replace it with affordable housing, alleging canvassers are misrepresenting the city's stance on demolition. The petition, which requires 10% of registered voters' signatures, faces scrutiny over claims that city officials have not authorized such changes, with the councilmember requesting an investigation into alleged fraudulent tactics.

California voters will decide on Proposition 45, a ballot measure aiming to reform the California Environmental Quality Act (CEQA) to expedite approvals for essential projects like affordable housing. An affordable housing advocate supports the measure, arguing it addresses misuse of CEQA that delays projects, while an environmental justice advocate opposes it, claiming it empowers bad actors and shifts costs to taxpayers.

South Lake Tahoe is offering cash incentives to millionaire homeowners to give up their second homes for a year, aiming to increase affordable housing for local workers. The program includes a specific condition that participants must meet.

A former Mag Mile office building at 500 N. Michigan Ave. is being converted into 324 apartments, with 64 designated as affordable housing. Construction has begun and the project is expected to finish by early 2027.

Detroit officials and nonprofits launched a $9.2 million three-year program to help 140 families with minor children exit homeless shelters annually through rent aid and case management. The initiative, called 'Homeless to Housed,' combines rapid rehousing and tenant-based rental assistance to alleviate shelter overcrowding and address affordable housing shortages.

Koa Vista II, a second phase of an affordable housing development in Waipio, held a blessing and dedication ceremony for the new homes.

Luxembourg's successful sale of defense bonds has prompted the country to again target retail investors, this time with securities aimed at funding affordable housing.

Ten candidates are competing for Maui County Mayor in the August 8 primary, focusing on wildfire recovery, affordable housing, and Bill 9.

Nine abandoned properties in Oakland could be converted into affordable housing after the county used a legal process to sell a vacant lot to a nonprofit. Officials are considering additional properties for similar conversions.

Borough President Vanessa Gibson allocated $56.3 million in fiscal year 2027 capital funds for Bronx education, healthcare, and neighborhood upgrades, including $2 million for a cardiac catheterization facility at Lincoln Hospital, $1 million for the Bronx Zoo and Botanical Garden, and millions for educational technology and affordable housing projects.

Hawaiʻi's affordable housing formula uses a price-setting benchmark higher than income-based measures, leading to more people qualifying but rents remaining unaffordable for many.

Alan Lloyd proposes expanding affordable housing in Maui County by funding local housing community land trusts. The initiative aims to increase the availability of affordable homes through community-led land management.

Kelly King, a candidate for Maui County Council in the South Maui District, supports the county negotiating to purchase repairable buildings and offering them to local families at affordable rates.

County officials in Jersey City plan to convert old parking lots into affordable housing. Studio V architects' founder, Jay Valgora, has proposed a plan for hundreds of affordable apartments.

Trump's housing chief, Ben Carson, criticizes New York City Mayor Zohran Mamdani's housing policies, arguing they will worsen affordability by discouraging private investment. Mamdani's agenda includes rent freezes, higher taxes on corporations and wealthy residents, and expanded government involvement in addressing housing shortages, which Carson opposes, advocating instead for regulatory reductions and private-sector solutions.

Tico Kyle, a 67-year-old New Yorker, pays $400 monthly rent at Linden Grove, an affordable senior housing complex in Brooklyn. The development, built by Gilbane, Blue Sea, and Jewish Association Serving the Aging, provides low-income housing for seniors earning 30%-40% of the area median income, offering stability and community resources.

California's Assembly Bill 2748 aims to reduce building costs for affordable housing by allowing developers to follow 2022 building standards instead of 2025 standards. However, critics argue this would halve EV charging access for residents, disproportionately affecting low-income and minority communities who rely on affordable home charging. The 2025 code was designed to expand charging access while minimizing developer costs.

WeBuild Concord, a Concord nonprofit, is introducing a new approach to affordable housing. Patrick Graham, the organization's Chief Executive Director, states there is already interest in a project called The Sanctuary.

Two Democratic state senators, Nikil Saval and Katie Muth, voted against Pennsylvania's bipartisan $50.8 billion state budget, criticizing it for avoiding major issues like rising energy costs, affordable housing, and public transit funding. The budget passed with bipartisan support, but the senators argued it deferred critical policy challenges, particularly in transportation and housing.

Ikaika Olds, a candidate for State House District 23, emphasizes ensuring affordable housing serves its intended purpose and preventing abuse by investors.

A local nonprofit in Madison is addressing rising housing costs in the Nashville area by purchasing 200 affordable housing units outside of Nashville. The initiative aims to preserve affordable housing options as costs continue to increase.

City officials have unveiled plans for the Iwilei-Kapalama corridor featuring thousands of affordable housing units, retail and commercial space, and a Skyline connection. The initiative aims to develop a vibrant, mixed-use, transit-connected neighborhood while addressing area cleanup efforts.

Trevor Ozawa, a candidate for Honolulu City Council District 4, emphasizes the need for housing that local families can afford to remain in. He criticizes current 'affordable' housing for not maintaining affordability.

Mayor Zohran Mamdani proposes converting an NYPD parking lot in the East Village into a mixed-use development with 131 affordable homes, a senior center, and community space. The project aims to address New York City's housing crisis and marks the first city-owned site designated for affordable housing under his administration.

Mayor Mamdani is converting a former NYPD parking lot into 131 affordable homes, fulfilling his commitment to affordable housing.

An NYPD parking lot in Manhattan's East Village at 324 East 5th Street will be converted into a mixed-use development with 131 affordable housing units, a senior center, and community space. Mayor Zohran Madani announced the project on Monday.

Democrats Eliott Rodriguez and Robin Peguero are competing to challenge Republican U.S. Rep. Maria Elvira Salazar in Florida’s 27th Congressional District. Salazar, who won the seat in 2020 against Donna Shalala, has raised the most campaign funds, while Peguero and Rodriguez criticize policies they say worsen Miami-Dade’s affordability crisis. The Democratic primary is set for August 18, with a general election on November 3.

The U.S. passed the 21st Century Road to Housing Act to address housing shortages by easing construction barriers and limiting large investors. President Trump neither signed nor vetoed the bill, allowing it to become law automatically. The law includes measures like factory-built housing incentives, zoning policy reforms, and converting commercial buildings to affordable housing.