6. Right of first refusal on publicly supported housing, passed. Similar to the mobile home park bill I talk about above, this gives localities a chance to protect below market rate homes after their terms of subsidy expire, preventing mass displacement for relatively low cost. #housing #VALeg #LIHTC https://lis.virginia.gov/bill-details/20261/HB4

Gentrification feedback loop. As SF displaces its working class, Area Median Income rises, raising the rent levels for “affordable” housing, which further displaces and excludes working-class households, so AMI rises again… and a 1-bedroom for $2,900 is now defined as low-income housing.

#sfpol #housing #LIHTC

🏘️Affordable housing advocate Bill Knowlton delivers a concise yet powerful guide to the Low-Income Housing Tax Credit (LIHTC) program.

Free until June 9th!

https://www.amazon.com/dp/B0FBXRGDX2

#LIHTC #lowincomehousing #taxcredit

What's the question?

Trump's freeze on all fed assistance programs (except #SocialSecurity, #Medicare*) means suspension of #Medicaid, #SNAP, #TANF, #AffordableHousing (eg, #HCV, #LIHTC, #SeniorHousing), #SBA loans, #BidenInfrastructure subsidies, for starters & will adversely impact #military families as well as the rest of America.
____
* Dear #Media:
Seems I need to remind y'all, Social Security & Medicare are NOT federal assistance programs.

Market-Based Approach to Direct New Affordable Housing Policy

"In a second Trump administration, a market-based approach to housing policy will likely shake up long-standing programs and initiatives that incentivize affordable housing development."

https://arbor.com/research/reports/affordable-housing-trends-report-winter-2024-2025/?utm_source=mattmaison&utm_medium=social&utm_campaign=mattmaison_research&UTMsource=mattmaison&utm_term=NA&utm_content=mattmaison_research&rdnaLabel=mattmaison

#ArborRealtyTrust #Arbor #ChandanEconomics
#AffordableHousing #Multifamily #LIHTC #HUD
@realestate

Affordable Housing Trends - Winter 2024-2025 - Arbor Realty

Arbor’s Affordable Housing Trends Report Winter 2024/2025, developed in partnership with Chandan Economics, provides insight into a pivotal multifamily sector about to embark in a new direction.

Arbor Realty
https://infocville.com/2025/01/10/bar-members-suggest-changes-to-planned-affordable-housing-building-on-wertland-street/ “We couldn’t do 100 percent affordable housing in steel and concrete in this region or pool for Virginia Housing,” Chapman said “There’s simply not enough tax credits. Our ask would be too high. It’s not financeable.” #cville #buildingcode #affordablehousing #LIHTC #designreview
BAR members suggest changes to planned affordable housing building on Wertland Street

The city has to approve a site plan by the middle of March for the project to be eligible for low-income housing tax credits

Information Charlottesville

Arbor’s Top Articles of 2024: Multifamily Investment Opportunities Emerge
Arbor - December 27, 2024

“Rental demand remained strong, driven by the ongoing nationwide housing shortage and robust wage growth, as younger generations continued to embrace lifestyle renting.”

https://arbor.com/blog/arbors-top-articles-of-2024-multifamily-investment-opportunities-emerge/?utm_source=mattmaison&utm_medium=social&utm_campaign=mattmaison_research&UTMsource=mattmaison&utm_term=NA&utm_content=mattmaison_research&rdnaLabel=mattmaison

#Arbor #Chandan #ArborRealtyTrust #ChandanEconomics #RealEstate #CRE #Multifamily #SFR #SingleFamilyRentals #BFR #AffordableHousing #LIHTC
@realestate

Arbor's Top Articles of 2024

The U.S. multifamily market held steady in a more normalized cycle during 2024. Here’s a look at Arbor's top articles from 2024, in case you missed them.

Arbor Realty

Here’s How the Trump Administration Could Tackle Affordable Housing
GlobeSt - December 17, 2024

“Shifting dynamics in Congress and the Senate will play a pivotal role in federal funding for affordable housing, which is expected to peak in 2025 before gradually declining.”

https://www.globest.com/2024/12/17/heres-how-the-trump-administration-could-tackle-affordable-housing/

#CRE #RealEstate #AffordableHousing #LIHTC #GlobeSt
@realestate

Here’s How the Trump Administration Could Tackle Affordable Housing

Popular affordable housing programs may see a change in funding next year.

Globe Street

New Survey Finds Significantly Increased Insurance Costs for Affordable Housing Providers
NMHC - October 12, 2023

“Further, existing property owners are faced with difficult choices as they struggle with operating deficits related to mounting insurance costs. These cost increases are not sustainable.”

https://www.nmhc.org/news/press-release/2023/new-survey-finds-significantly-increased-insurance-costs-for-affordable-housing-providers/

#RealEstate #CRE #Multifamily
#NMHC #ApartmentWire
#Affordability #Affordable #Housing #LIHTC #HUD
@[email protected] @realestate

New Survey Finds Significantly Increased Insurance Costs for Affordable Housing Providers

A new survey focusing on affordable housing providers and insurance costs and availability has found that rental businesses are facing much higher premiums—nearly one in every three policies had rate increases of 25% or more.

HUD Removes Cap on LIHTC Loans
Arbor - July 11, 2023

“Heralded as a massive win for affordable housing, this opens the door to more investment in a sector where tenant demand outweighs available supply.”

https://arbor.com/blog/hud-removes-cap-on-lihtc-loans-to-encourage-larger-sized-affordable-investment/

#Arbor #CRE #RealEstate #Multifamily #Affordability #Affordable #Housing #LIHTC #HUD
@[email protected] @realestate

HUD Removes Cap on LIHTC Loans to Encourage Larger-Sized Affordable Investment

HUD's removal of the $25 million loan cap for affordable housing projects helps address rising cost challenges that developers face.

Arbor Realty