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He’ll also use the trip to highlight early organizing efforts in these two states that the campaign believes will be “core” to electoral victory. Biden will launch the campaign’s “Latinos con Biden-Harris” organizing initiative when he visits South Phoenix, Arizona, Tuesday evening, campaign officials said. And the vast majority of Arizonans support abortion access, as well,” Dan Kanninen, the Biden campaign’s battleground states director, said. Biden’s western swingAt a first stop in the Reno, Nevada, area, Biden will meet with local leaders and campaign volunteers in Washoe County. To that end, Biden has proposed $258 billion in housing investments in the budget he submitted to Congress earlier this month.
Persons: Joe Biden, Donald Trump, He’ll, Biden, Harris ”, , Dan Kanninen, Trump’s, ” Kanninen, Kanninen, MAGA, ” Julie Chavez Rodriguez, Kamala Harris, Chavez, ” Biden, White, , Gene Sperling, Harris Organizations: Las Vegas CNN, Democratic, Biden, Fox, Trump, Republican Party, Republicans, GOP, Union, Democrats ’, Las Vegas, Income Housing Coalition Locations: Nevada, Arizona, South Phoenix , Arizona, Georgia , Michigan, Pennsylvania, Wisconsin, New Hampshire, North Carolina, Reno , Nevada, Washoe County, Las, president’s State, Phoenix, Mexican, America, Dallas, Houston , Texas
Read previewThe most competitive rental markets in the country are failing to add enough new housing. That's according to a new analysis of the country's 139 largest rental markets by RentCafe, which found that 17 of the 20 most competitive rental markets in the US are building less than the national average. Miami has the most competitive rental housing market in the country, the report found. Just 3.5% of Miami's rental apartments were vacant early this year — far below the five to eight percent vacancy rate that's considered healthy. Seven midwestern cities are among the top 20 most competitive markets in the US.
Persons: , RentCafe Organizations: Service, RentCafe, Oklahoma City, Silicon Valley , California —, Business, Income Housing Coalition, , Miami, Chicago . College towns —, University of Arkansas Locations: Oklahoma, Bridgeport, New Haven, Connecticut, Lansing, Ann Arbor , Michigan, Silicon Valley , California, Brooklyn , New York, San Diego, North New Jersey, Miami, Midwest, Milwaukee, North Jersey, Chicago, Fayetteville
"Why aren't we talking about the most terrifying part of Love is Blind: this Charlotte housing development," one viewer posted on X alongside an aerial image of the newly-built cookie-cutter rowhouses. I think my favorite part of this season of Love is Blind is how horrible it makes Charlotte look as a city. But you're still doing the wrong thing," Toderian said of Blu South. "Some folks estimate that before this went into effect, about 84% of the residential land in Charlotte was restricted to only single-family housing," Lallinger said. Editor's note: March 7, 2024 — This article was updated after publication to include a comment from Blu South.
Persons: , Netflix's, what's, Charlotte, who've, there's, Stefan Lallinger, Yongqiang Chu, Chu, it's, Brent Toderian, Toderian, Charlotte's, UDO, Lallinger, quadruplexes, Stephanie Watkins, Cruz, Watkins, townhomes Organizations: Service, Business, University of North, Blu, North, North Carolina Housing Coalition Locations: Charlotte , North Carolina, Pineville, exurbs, Charlotte, University of North Carolina, they're, North Carolina
In Las Vegas, the cacophony of voices, music, ringing slot machines and car horns that typically pulsed through the Las Vegas Strip was replaced by silence, the chirps of birds and the wails of sirens. In tourism-dependent Nevada, the unemployment rate rocketed even higher, topping out at 30.6% that month. “This is an unemployment rate that’s not driven by job losers, this is an unemployment rate driven by job seekers,” he said. Homes under construction in the Summerlin community, on July 31, 2023, in Las Vegas, Nevada. As of December 2023, the Reno metro area’s unemployment rate was just 0.2 percentage points above the nation’s 3.7% rate.
Persons: John Simpson, Steve, Sisolak, ” Simpson, It’s, , they’re, I’ve, Stephen M, Miller, Mario Tama, Bob Potts, there’s, There’s, Nevadans, Annie E, Casey Foundation’s, Jamelle Nance, Marty Elquist, ” Elquist, , Andrew Woods, Nicholas Irwin, Start’s Simpson, Irwin, Ethan Miller, Maurice Page, Page, Tesla, ” Potts, Carolyn Cole, Potts, You’ve, you’ve Organizations: CNN, Las, Republican Party, of Labor Statistics, University of Nevada, Lee Business School’s Center for Business, Economic Research, New York, Nevada Governor’s, Economic, Las Vegas, New, Workforce, Children’s, Alliance of Nevada, Education, Development, Silver State, Center for Business, UNLV, Reno, , Homes, Nevada Housing Coalition, Harvard University’s, for Housing Studies, Silver, Means, Reno Industrial Park, Apple, Panasonic, Google, Reno Industrial, Los Angeles Times, NCAA, NFL, NFL Pro Bowl Locations: Nevada, Las Vegas, Reno, ” Nevada, State, New York, New, Las, New Mexico, Vegas, “ Nevada, Silver, UNLV . Nevada, California, Sparks, Las Vegas , Nevada, Florida, Hawaii, Clark County, Sparks , Nevada, New Orleans, Denver, Southern Nevada, Northern Nevada, Los Angeles
The case of IrvineWhen the city of Irvine took on short-term rentals in 2018, Airbnb seemed unstoppable. Its tentacles had spread to cities across the globe, converting entire neighborhood blocks, in the most dramatic cases, to short-term rentals. Plenty of cities had passed ordinances banning short-term rentals, only to see Airbnb listings continue to pop up. That's consistent with data on short-term rentals in Irvine, which showed that by January 2021, the number of listings in Irvine had halved. As the Berlin and Boston studies found, when houses or apartments are pulled off the long-term market to be used as short-term rentals, housing supply decreases.
Persons: it's, that's, Banning, Irvine, Airbnb, Michael Seiler, College of William & Mary, Seiler, Murray Cox, Ken Fairbanks, Fairbanks, Cox, Airbnbs, Alicia Glen, Sarah Saadian, It's, we're, Saadian, Katya Schwenk Organizations: , New, Real Estate Economics, College of William &, Irvine, New York's, Housing Coalition, The Locations: New York City, New York, York City, Irvine , California, Orange County, Real, Irvine, Plenty, Airbnbs, . New York City, Berlin, Boston, Burlington , Vermont, Summit County, Colorado, New, Airbnb, Phoenix , Arizona
Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementAccording to the Social Security Administration, the average Social Security benefit is now $1,706 per month, more than $300 below the nearly record-high national median rent price of $2,052. AdvertisementAdvertisementA Wall Street Journal analysis of federal data found the US had at least 600 fewer nursing homes than it did in 2017. A Florida Housing Coalition study found the state had only 25 affordable and available rental units for every 100 extremely low-income renters. AdvertisementAdvertisementWithout COVID-19-relief resources, many older people are relying even more on their Social Security benefits.
Persons: Barbara DiPietro, Irfan Khan, Donald Whitehead Jr Organizations: Service, Department of Housing, Urban, Wall Street, Health Care, Homeless Council, Street, of California, Social Security Administration, Security, Medicaid, Florida Housing Coalition, National Coalition for, Homeless, Social Security, AARP Locations: Wall, Silicon, California, San Francisco, Florida, Florida . North Carolina, COVID
For people on Maui and across the US, climate change is making the affordable housing crunch even worse. “This is why they have been building these affordable housing buildings. It is a safe place, but it doesn’t feel like home.”Affordable housing picture on Maui was already ‘pretty grim’For people on Maui and across the US, climate change is making the affordable housing crunch even worse. But not fires damaging buildings and taking lives.”“The affordable housing picture was pretty grim on Maui even before the fire,” he said. “There was more than one kitchen, more than one family living there.”These types of cobbled-together solutions to affordable housing are now gone, as are other recent hard-won affordable housing projects.
Persons: Josh Green, Hannah Harris, Tony Ellett, , Harris, , ” Harris, Ellett, Jae C, Shantal Catanach, Keanu, ” Catanach, she’s, Stan Franco, Franco, , Diane Yentel, ” Yentel, Yentel, Hurricane Sandy, Sandy, Peter Niess, Justin Sullivan Organizations: DC CNN, Urban Institute, UN, University of Hawaii’s Economic Research Organization, US Bureau of Labor Statistics, NOAA National Centers for Environmental, Joint Center for Housing Studies, Harvard University, Income Housing Coalition, Federal Deposit Insurance Corporation, Hurricane, Maui Architectural Locations: Washington, Maui, Lahaina, Catanach, Maui County, Hawaii, Corelogic, Maui –, Lahaina , Hawaii
Minneapolis is the first major metropolitan area to have inflation rates below the Fed's 2% target. According to Bloomberg, Minneapolis hit the goal in May with an inflation rate of 1.8%. The rate is likely due to aggressive legislating to address soaring housing costs in the city. While Minneapolis residents spent 39.9% of their monthly income on housing costs, their co-parts in San Francisco paid 46.7% of their monthly income to housing; residents of Boston shelled out a whopping 60.7% of their income for housing costs, per Bloomberg. People ideally would spend around 30% of their income on housing, senior vice president of the National Low Income Housing Coalition Andrew Aurand, told CNBC.
Persons: Income Housing Coalition Andrew Aurand, Ron Feldman Organizations: Bloomberg, Service, US Bureau of Labor Statistics, Minneapolis, CNBC, Income Housing Coalition, Minneapolis Fed Locations: Minneapolis, Wall, Silicon, San Francisco, Boston, New York City, Itasca
Eviction filings are more than 50% higher than the pre-pandemic average in some cities. After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing. There was also $46.5 billion in federal Emergency Rental Assistance that helped tenants pay rent and funded other tenant protections. Forty of the state's 62 counties had higher eviction filings in 2022 than before the pandemic, including two where eviction filings more than doubled compared to 2019. But as protections went away, housing prices skyrocketed in Austin, Dallas and elsewhere, leading to a record 270,000 eviction filings statewide in 2022.
Persons: , Dana Williams, Williams, De'mai Williams, it's, haven't, Daniel Grubbs, Donovan, Ayanna Pressley, Maria Jackson, Jackson, It's, Russell Weaver, Oscar Brewer, Ben Martin, Rio Yamat Organizations: Service, Princeton, Houston, Nashville, Phoenix, Income, Coalition, Rental Assistance, Democratic U.S . Rep, Ayanna Pressley of Massachusetts, Cornell University, Housing, Democrat, Income Housing Coalition, New, Philadelphia — Locations: Atlanta, New York, Las Vegas, Minneapolis, St, Paul, Rhode, Ayanna Pressley of, Rochester . In Texas, Austin, Dallas, Texas, New York City, Philadelphia, arears
A full-time worker in the U.S. needs to make $28.58 an hour, on average, to afford the rent on a modest two-bedroom apartment in their area. In California, Hawaii, Massachusetts and New York, full-time workers must earn more than $40 an hour to do so. They'd have to be paid $61.31 an hour in San Francisco to afford a two-bedroom apartment rental, and $50.67 an hour in Boston, according to a new report by the National Low Income Housing Coalition. "This is a problem," said Andrew Aurand, senior vice president of research at the NLIHC. "Research shows that families struggling to pay their housing costs sacrifice other necessities like food, health care and educational needs."
Persons: Andrew Aurand Organizations: National, Income Housing Coalition, Finance, Social Security, Research Locations: U.S, California, Hawaii , Massachusetts, New York, San Francisco, Boston
Residents of mobile home parks in Arizona are being asked to leave, so student housing can be built. Mobile homes, not always mobile, are hard to repair so they're being razed. "We are in the deepest affordable housing crisis we've ever experienced," said Joanna Carr, acting head of the Arizona Housing Coalition. Efforts under way to revitalize old mobile homes have limits. Many park residents are Spanish-speaking immigrants earning minimum wage as landscapers or restaurant workers.
Now, the owners of many of those small businesses, many of whom did not qualify for pandemic-era public loans and grants, worry that sharp rent increases and a lack of protections for commercial tenants could shut down their stores, just as the economy is gaining momentum. These businesses helped fuel the city’s recovery while the rest of the economy faltered, and many store owners say they fear they will be left out of the resurgence. At risk, they say, is the soul of the city: the minority- and immigrant-owned businesses that create a path to the middle class and provide hard-to-find goods and services in ethnic enclaves. “For the first time in New York City history, their existence is being threatened,” said Annetta Seecharran, the executive director of Chhaya, a nonprofit community development group. In districts where the rent rose, people of color made up 72 percent of the population, the analysis showed, raising concerns about displacement and gentrification.
Sen. Angus King, a Maine independent, told Insider the lack of affordable housing is "a national crisis." Maine is facing a severe shortage as it's welcomed a surge of new residents in recent years. The law also eliminated all single-family zoning, eliminates some regulatory restrictions on multi-unit homes, and incentivizes the construction of affordable housing. New Mainers, though welcomed in an aging state in need of more workers, have exacerbated the housing shortage. A lack of affordable housing is central: the state housing authority reported last year that the average price of a house in nearly every county in Maine was unaffordable for the average household income.
How many new homes does the U.S. need to build to restore normalcy to the housing market? While everyone seems to agree there’s a housing shortage, there’s little agreement on its magnitude. The National Low Income Housing Coalition says the U.S. has a shortage of 7.3 million units, Realtor.com says 6.5 million, mortgage-finance company Fannie Mae says 4.4 million and Up for Growth, a policy group focused on the housing shortage, says 3.8 million units. John Burns Research & Consulting, a real-estate industry consultant, puts it at just 1.7 million.
Viorel Kurnosov | Istock | Getty ImagesConsider your options for rent aidMost rental assistance programs that opened during the pandemic are now closed, but some are still accepting applications. On the National Low Income Housing Coalition's website, you can find a state-by-state guide of relief options and their status. On March 14, The Texas Rent Relief Program began accepting applications for aid, but it's already scheduled to stop doing so on Thursday. Assess your financial resourcesIt's not a strategy experts recommend, but some tenants are using their credit cards to cover their rent. "The biggest potential issue is carrying a balance and paying interest on your rent," Rossman said.
Biden administration unveils rent protections
  + stars: | 2023-01-25 | by ( Anna Bahney | ) edition.cnn.com   time to read: +9 min
Washington, DC CNN —In response to rent payments soaring across the country in recent years, the Biden administration unveiled new actions Wednesday to protect tenants, make renting more affordable and improve fairness in the rental housing market. The agencies involved include the Federal Trade Commission, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the Department of Housing and Urban Development and the Department of Justice. The FHFA will initiate a process to examine limits on egregious rent increases and proposals for renter protections for future investments. The administration also set out its guiding principles in its “Blueprint for a Renters Bill of Rights,” which, while not enforceable, aims to underscore protections the administration says every renter deserves. Meanwhile, others in the housing industry say that this kind of federal involvement in housing policy serves to increase housing costs.
Housing rights activists and tenants protest against evictions and the poor condition of their apartments outside the offices the landlord Broadway Capital in Chelsea, Massachusetts on April 25, 2022. The Biden administration announced on Wednesday new actions to protect renters across the U.S., including trying to curb practices that prevent people from accessing housing and curtailing exorbitant rent increases in certain properties with government-backed mortgages. A "Blueprint for a Renters Bill of Rights" was included in the announcement. "Having the federal government and the White House talk about the need for and endorse a renters' bill of rights is really significant," said Diane Yentel, president and CEO of the National Low Income Housing Coalition. Nearly half of renter households in the U.S. direct more than 30% of their income to rent and utilities each month, and 900,000 evictions occurred annually prior to the public health crisis.
She suspected the gray and brown splotches spreading through the apartment were mold and had caused her son’s illness. A nationwide affordable housing crisis has wreaked havoc on the lives of low-income families, like Joseph’s, who are close to the brink. Housing instability — such as having trouble paying rent, living in crowded conditions, or moving frequently — can have negative consequences on health, according to the federal Office of Disease Prevention and Health Promotion. And there is no county in the country where a minimum-wage worker could afford a two-bedroom rental home, according to an August report from the National Low Income Housing Coalition. A few months after leaving the apartment, Joseph and her two children moved in with her sister in Orlando, Florida, with their remaining possessions — a car and some clothes.
Residential builders are feeling the pinch of higher financing costs of their own. He estimated that, in aggregate, developers like him would decrease production by 10% to 20% this year, in a potentially devastating setback for affordable housing. "The failure to act is only made clear a few years later, given the timeline of real-estate development," he said. "In a couple of years from now, we're going to look back and say this was a missed opportunity" to close the affordable housing gap. "Financing can be very targeted towards affordable development and can be subsidized much more aggressively," he said.
Despite the challenges in affordable housing development, Enterprise Community Partners has deployed $19 billion of housing equity into more than 2,600 developments, creating and preserving more than 184,000 affordable homes. The Columbia, Maryland-based non-profit continues to strive to show that affordable housing is an impactful investment. "Once the narrative is changed around affordable housing, it will be seen as the impactful investment opportunity that it is." "The Low-Income Housing Tax Credit is our most powerful tool for building and preserving affordable housing," Hoekman says. The Act seeks to expand and strengthen the Low-Income Housing Tax Credit by increasing housing credit allocations and maximizing affordable housing production and preservation.
So why aren't developers building more affordable housing? And more recently, the Biden Administration's 2023 budget includes a proposal for $25 billion for Grants for Affordable Housing Production. "Nuveen so far has $3.5 billion in assets under management and has 120 actual affordable housing properties across the country in 25 states," West says about the company's affordable housing portfolio. "Inflation has a direct, immediate effect on the cost of building affordable housing. Research shows that the shortage of affordable housing costs the American economy about $2 trillion a year in lower wages and productivity.
To afford a "fair market" one bedroom in NYC, minimum wage workers would need to put in 111 hours a week, a study found. They'd have to work even more to afford rent in Dallas, San Jose, or Chicago. When looking at affordability for minimum wage workers, the United Way researchers say that even a fair-market price is out of reach based on their current rate of pay. Instead of paying sky-high rent prices, minimum wage workers are cramming into tighter living arrangements, going homeless, or far exceeding the recommended portion of one's income they should spend on rent. Until this month, the minimum wage for New York home aides was $15 an hour, but got a bump to $17 an hour.
In many major U.S. cities, minimum wage workers need to clock in over 50 hours each week just to be able to afford rent on a one-bedroom home, a recent survey conducted by United Way of the National Capital Area found. In New York City, minimum wage earners would need to work 111 hours to afford to rent a one-bedroom. United Way used data from the National Low Income Housing Coalition to calculate the number of hours a minimum wage worker would need to put in each week in order to afford rent in the 50 biggest U.S. cities. There are only two cities on the list where a worker earning minimum wage can afford to work less than 50 hours a week: Tucson, Arizona, and Buffalo, New York. Here's a look at how many hours a minimum wage worker needs to clock to afford a one-bedroom rental in the 10 largest U.S. cities, and the minimum wage in each respective city:
In the U.S., rent is becoming increasingly unaffordable, especially for those who prefer not to live with roommates. In New York City, for instance, the average cost of a 1-bedroom rental has increased 46.7% year over year. And New York isn't even the state where renters need to earn the most to afford a 1-bedroom rental. Depending on the state, the annual income needed to afford rent on a one-bedroom ranges from around $24,500 to around $64,600. Here's the minimum income you need to earn to afford a one-bedroom rental in all 50 states, as well as the actual median income renters earn in each place.
Mississippi lawmakers said the ban on most abortions after 15 weeks makes Mississippi 'the safest state in the country' for the unborn. "We've had so many state leaders who have talked about wanting Mississippi to be the safest state in the country for unborn babies. It's even higher for kids: one in three Mississippi children live in poverty. Each of the women has dedicated their life to helping Mississippi women and families. More than 100,000 Mississippi children should be eligible, but in 2019 – the most recent year for which there's data – just 20,900 benefited from the program.
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