Tag Archives: Affordable Homes

New action by the Department will broaden housing and neighborhood choices for more than 800,000 total households by giving families more choices and supporting more inclusive communities. Here’s why HUD Sec. Marcia Fudge said this action “helps realize a dream that has been deferred for too long.”

According to a new Redfin survey, the most common reason home sellers are relocating is the desire for more space, followed by proximity to family and a lower cost of living. Click here to see why sellers are choosing to move despite record-high mortgage rates and an increasing lack of inventory.

A new report from Redfin revealed the typical U.S. home purchased in high-opportunity neighborhoods sold for an estimated $470,000 last year, nearly 40% more than the typical home in low-opportunity areas, as many of those neighborhoods continue to be gentrified, making them less affordable.

Researchers from Harvard University's Joint Center for Housing Studies point out that lawmakers and regulators proved during the pandemic that policy-based housing solutions are possible in a time of crisis.

The bipartisan Neighborhood Homes Investment Act seeks private investments in rural communities to construct affordable homes, and revitalize 500,000 homes for middle- and low-income families.

The Department has announced two new initiatives geared toward building new housing units, and providing tools for preserving and improving affordable housing nationwide.

A lack of affordable homes has created millions of “missing households” which are keeping families in shared homes or the rental market.

According to a new report from Realtor.com, U.S. housing markets continue to struggle with a significant shortage of new homes, a result of more than a decade of under-building in response to population growth.

Senators Ben Cardin (D-MD) and Todd Young (R-IN) have introduced a new initiative to help revitalize communities, announcing some 500,000 homes could be constructed, renovated and sold under the bipartisan bill.

Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.