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Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
In the United States, 80/20 housing is multifamily housing program that meets federal guidelines for tax-exempt financing. [1] 80/20 housing developments reserve 20 percent of units as affordable housing, only to be rented by low-income residents, leaving the remaining 80 percent of units to be rented at the typical market rate. [2]
The New York City Housing Authority (NYCHA) is a public development corporation which provides public housing in New York City, and is the largest public housing authority in North America. Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New Yorkers ...
Protecting affordable housing is top of mind for local leaders, especially as we enter hurricane season. There’s a new, fully-funded program in the Tampa Bay area called Keep Safe Florida. https ...
New York City Mayor Eric Adams announced the launch of a program providing free high-speed internet and basic cable TV to 300,000 New Yorkers living in more than 200 New York City Housing Authority...
The White House has acknowledged the mortgage rate lock-in trend, which makes current homeowners more reluctant to sell and give up their low rate, even when their current home no longer fits ...