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AFFORDABLE HOUSING FINANCE Infrastructure Plan Seeks Major Investments in Housing

Heartland Network

Apr 8
3 min

AFFORDABLE HOUSING FINANCE Infrastructure Plan Seeks Major Investments in Housing

The White House proposal also seeks to eliminate exclusionary housing and address public housing needs. www.housingfinance.com President Joe Biden unveiled a sweeping $2.25 trillion infrastructure plan today that calls for investing $213 billion to produce, preserve, and retrofit more than 2 million affordable and sustainable places to live. The American Jobs Plan also seeks to: Build and rehabilitate more than 500,000 homes for low- and middle-income home buyers. Specificall

Facing Housing Crunch, California Cities Rethink Single-Family Neighborhoods

Heartland Network

Apr 8
4 min

Facing Housing Crunch, California Cities Rethink Single-Family Neighborhoods

Erin Bardassari, NPR Real estate developer Kevin Khasigian stands in an empty lot near Sacramento's booming downtown. The sound of a jackhammer from a nearby construction site rattles behind him. "We're not in any buildings, just an open field with grass and trash cans and parking," he says. He points to the edges of a future, four-unit apartment building he has planned for the space. "Hopefully someday this will provide the opportunity for people to live in an area where the

Report Finds Huge Housing Shortage Nationwide, with California Leading the Way

Heartland Network

Apr 8
3 min

Report Finds Huge Housing Shortage Nationwide, with California Leading the Way

David Greenwald, https://www.davisvanguard.org/ Affordable housing has been a crisis in California, but a new report from the National Low Income Housing Coalition on Thursday found that the problem is nationwide with a shortage of 6.8 million rental homes affordable and available to extremely low-income renters, whose household incomes are at or below the poverty guideline or 30 percent of their area median income. Overall the report found that there are just 37 affordable a

HIT Finances First San Francisco Project of $1 Billion Initiative and Aids Local Economy

Heartland Network

Apr 8
5 min

HIT Finances First San Francisco Project of $1 Billion Initiative and Aids Local Economy

San Francisco, CA — The AFL-CIO Housing Investment Trust (HIT) today announced the first project under its $1 billion Bay Area Investment Initiative for jobs and affordable housing launched earlier this fall. Officials said the company will provide $19.1 million to help finance the new construction of 96 efficiency apartments for extremely low-income and homeless residents, in San Francisco’s South of Market neighborhood. “The loss of construction jobs is one of the worst e

AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing

Heartland Network

Apr 8
2 min

AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing

Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets. Sarah Min, Asset Allocation The AFL-CIO Housing Investment Trust (HIT) will invest $1 billion to boost rental housing in the San Francisco Bay Area over the next five years. The funding will go toward 4,000 housing units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing marke

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