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Several initiatives are underway at all levels of government to try and solve the dual problems of empty offices and insufficient housing. These include $400 million in incentives for adaptive residential reuse efforts in California’s 2022-24 budget, a hotel-to-housing conversion bill in New York...
A new peer-reviewed study found that building multiple publicly subsidized low-income housing developments in a neighborhood doesn’t lower the value of other homes in the area and can in fact increase their worth. The study looked at 500 developments built in the Chicago area from 1997-2016 that...
According to NLIHC’s State and Local Fiscal Recovery Fund (SLFRF) database, approximately $16.1 billion of SLFRF funds have been invested in housing as of October 2022. States and localities have allocated around $6.3 billion of SLFRF funds for housing development, a figure that increased by over...
Fulfilling expectations before the end of the month, the U.S. Senate released their version of the FY23 Transportation, Housing and Urban Development, and Related Agencies (THUD) appropriations bill on July 28. Since there is a budget impasse for overall spending levels, affecting all twelve...