Metrics for High Performance Affordable Housing
Metrics for High Performance Affordable Housing
Thoughtful design can create high-quality affordable multifamily housing
Many affordable housing nonprofits want to invest in high-performance envelopes, HVAC, and plumbing systems that could reduce long-term operating costs. State affordable housing...
Inclusionary Housing: Secrets to Success — Shelterforce
Inclusionary housing programs tie the creation of affordable, below-market-rate units to the construction of new market-rate development. In its simplest form, an inclusionary housing program might require developers to sell or rent 10 to 20 percent of new residential units to lower-income residents at prices they can afford.
Expanding the Supply of Affordable Housing for Low-Wage Workers
The rental vacancy rate has plummeted from 10.4 percent in 2010 to 3.8 percent in 2017. (see Table 2) Fifty-five percent of renter households spend more than 30 percent of their income on housing
Here's One Way States Are Boosting Affordable Housing
Since 2014, Colorado’s program has helped support the development and preservation of some 8,200 affordable housing units across the state, according to Jerilynn Francis, director of marketing and community relations at the Colorado Housing and Finance Authority, the nonprofit overseeing the state and federal programs.
- How do federal agencies support affordable rental housing?
- To support affordable rental housing, federal agencies administer more than a dozen different programs that provide rental assistance payments, grants, loan guarantees, and tax incentives—such as the Department of Housing and Urban Development’s (HUD) Housing Choice Voucher.
- What is the HUD self-help homeownership Opportunity Program (shop)?
- HUD administers the Self-Help Homeownership Opportunity Program (SHOP), which is a competitive federal grant program that awards funds to eligible nonprofit organizations to help develop affordable housing units for purchase by low-income families. Buyers are expected to contribute "sweat equity" to the project by helping to build their own homes.
- Why is affordable housing a problem in America?
- America faces a longstanding and nationwide shortfall in affordable housing that has built up for more than a decade. That shortfall, combined with shifts in housing demand during the pandemic, has led to rapid rent increases that have worsened longstanding affordability challenges for low-income renters.
- Why do we build and preserve housing in low-income communities?
- We build and preserve housing in low-income communities to create jobs, improve safety, expand educational opportunities and boost economic activity in those neighborhoods. Are you looking for affordable or accessible housing?
- Does HUD provide rental assistance to low-income households?
- Additionally, HUD provides rental assistance to low-income households through programs administered by state and local public housing agencies. These agencies are required to provide utility allowances to assisted households that pay utilities separately from rent.
- Does HUD have a Housing Trust Fund program?
- The Housing Trust Fund program, which began in 2016, is designed to preserve and increase the supply of affordable housing units. HUD allocates program funds to states for affordable housing projects. However, it could improve its oversight of such projects and funds, including by collecting better data.
