https://commonbond.org/economic-benefits-of-affordable-housing/
6. Better opportunities for investing in the future. Another long-term economic benefit of affordable housing is the chance to decrease childhood poverty. Providing children with a better and more equitable path forward is one of these long-term ways to build economic growth and healthier societies. Equipping kids with tools for social mobility

https://www.nlc.org/article/2024/03/06/local-governments-prioritizing-housing-stability-led-cities-and-towns-from-pandemic-front-lines-to-strong-and-equitable-recover/
This resource is another means for local leaders to find thousands of project ideas across tiers. In 2022, Treasury explicitly permitted grantees to make long-term loans to help finance qualifying affordable housing projects even if project delivery extends beyond fiscal year 2026, when the SLFRF program expires. Local Spotlights

https://www.nlc.org/article/2024/01/16/why-local-governments-should-make-housing-part-of-their-economic-development-plans/
Building new housing, especially in mixed-use, mixed-income developments, increases the value of the property and the tax base of the community. This in turn can allow for more investment in the community. Affordable housing at all income levels means that residents have more disposable income which can be spent on local businesses and services.

https://www.nlc.org/article/2024/06/11/how-u-s-cities-are-using-federal-american-rescue-plan-act-funds-to-tackle-housing-affordability/
Large cities and counties have committed approximately 10% of total SLFRF funding to housing projects. As of the end of December 2023, large U.S. cities and counties have used the SLFRF program to invest $6.7 billion toward housing projects, accounting for 11% of the $58.8 billion appropriated to date.

https://www.brookings.edu/articles/strategies-for-increasing-affordable-housing-amid-the-covid-19-economic-crisis/
Brookings Metro. Even before the COVID-19 pandemic, millions of Americans lacked stable, affordable housing. Now, the crisis has highlighted the social and economic costs of this crucial gap in

https://nextcity.org/urbanist-news/five-ways-local-governments-can-spur-development-of-affordable-housing
As the economic consequences of the COVID-19 crisis play out in cities across the country, finding affordable housing is becoming even more exacerbated.. A recent study by Harvard University's Joint Center for Housing Studies (JCHS) found that nearly 20.8 million renter households in the U.S. — or 47.5 percent of renters — are "cost-burdened," meaning that they spend more than 30

https://www.vox.com/policy/2024/2/10/24065342/social-housing-public-housing-affordable-crisis
Local governments are trying a new way to address the housing crisis. A 268-unit mixed-income, mixed-use, new construction project known as The Laureate in Montgomery County, Maryland. Rachel M

https://nhc.org/the-role-of-affordable-housing-in-creating-jobs-and-fostering-economic-growth/
The Role of Affordable Housing in Creating Jobs and Stimulating Local Economic Development: Evidence in Brief and its companion A Review of the Literature, highlight several ways affordable housing development fuels economic growth. Among other impacts, building or significantly rehabilitating affordable housing can: • Create jobs. Investing

https://www.cbpp.org/research/housing/addressing-the-affordable-housing-crisis-requires-expanding-rental-assistance-and
Can be project-based, up to a certain amount, to support new affordable housing units and to restructure long-term financing for redeveloped public housing properties, which helps stabilize funding for ongoing operating costs. [10] Vouchers Support Affordable Housing Development. Vouchers can also support new rental housing development.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/09/01/fact-sheet-biden-harris-administration-announces-immediate-steps-to-increase-affordable-housing-supply/
Consistent with the American Housing and Economic Mobility Act, HUD will develop guidelines over the next year that provides an exclusive listing period during which only governmental entities

https://www.vox.com/policy-and-politics/23278643/affordable-public-housing-inflation-renters-home
Aug 4, 2022, 5:00 AM PDT. Vacant homes in Providence, Rhode Island, are seen though a chain link fence in April, shortly before ground was broken on a new affordable housing project. Suzanne

https://www.americancityandcounty.com/2021/04/01/how-local-governments-can-combat-the-affordable-housing-crisis/
Fortunately, local governments can play an essential role in the availability of affordable housing in communities. Below are ways state and local municipalities can help deliver more cost-effective housing to their constituents. Build a housing roadmap. Local governments should start by outlining a housing roadmap that articulates clear

https://www.weforum.org/agenda/2024/06/global-housing-crisis-practical-solutions/
There are a number of practical initiatives happening right now to address the global housing crisis. The World Economic Forum's Framework for the Future of Real Estate provides an ... It enables more resilient and future-ready communities and local economies through green initiatives and the ethical use of data. ... 3D printing can help the

https://www.sharedprosperitypartnership.org/wp-content/uploads/2020/03/How-States-Can-Support-Shared-Prosperity-by-Promoting-Affordable-Rental-Housing.pdf
negatively impacts local and regional economies, including by lowering incomes and reducing educational attainment ( Acs et al. 2017). High housing costs hamper local and state economies by reducing economic mobility and reducing the amount of money that resi-dents reinvest in the economy. For new residents, high housing costs

https://www.bigskyeconomicdevelopment.org/wp-content/uploads/THE-ROLE-OF-AFFORDABLE-HOUSING-IN-CREATING-JOBS-AND-STIMULATING-LOCAL-ECONOMIC-DEVELOPMENT.pdf
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https://www.habitatcltregion.org/blog/the-impact-of-affordable-housing-on-community-development/
The construction and maintenance of affordable housing projects also generate employment opportunities and contribute to tax revenues. According to a report by the National Association of Home Builders , the construction of 100 affordable housing units for families can create 297 jobs and generate $28 million in revenue and $11 million in taxes

https://www.brookings.edu/articles/how-u-s-cities-are-using-federal-american-rescue-plan-act-funds-to-tackle-housing-affordability/
Large cities and counties have committed approximately 10% of total SLFRF funding to housing projects. As of the end of December 2023, large U.S. cities and counties have used the SLFRF program to

https://www.brookings.edu/articles/making-local-economies-prosperous-and-resilient-the-case-for-a-modern-economic-development-administration/
It can give the agency the tools and resources to match its mandate, so it can successfully help communities and the nation adapt and rise to the immense challenges of the 21st century economy

https://www.weforum.org/agenda/2022/03/how-to-solve-the-global-housing-crisis/
Here are five policies to help with the global housing shortage: 1. Upzoning. Governments at the local level have started responding by upzoning single-family areas, like in Berlin, Germany, in order to allow the construction of up to several units per lot. These kinds of policies also promote social inclusion.

https://www.facebook.com/HabitatAP/videos/restarting-local-economies-through-housing/3390341701083571/
Housing projects can help restart local economies, said Habitat for Humanity Cambodia's national director Bernadette Bolo-Duthy. WATCH her explain how

https://camoinassociates.com/resources/5-ways-local-governments-can-help-address-the-housing-shortage/
Moving the Needle: 5 Ways Local Governments Can Help Address the Housing Shortage. August 12, 2022 Daniel Stevens, AICP. You've probably heard the news by now: we need more housing. The current national housing shortage has been in the works since (at least) the Great Recession because the pace of housing development never fully rebounded to

https://www.nlc.org/article/2018/03/01/5-local-housing-affordability-strategies-that-work/
5 Local Housing Affordability Strategies that Work. This post is the third in a four-part series on NLC's task force report "Keeping the American Dream Alive: Expanding Economic Mobility and Opportunity in America's Cities.". It's a well-known truth that cities and towns across the U.S. are experiencing a housing affordability crisis.

https://embraceliving.org/economic-benefits-affordable-housing/
While some may view affordable housing as only a social issue, there are also clear economic benefits of affordable housing. According to a study from the Joint Center for Housing Studies at Harvard University, increasing the supply of affordable rental homes adds between $1.2 billion and $2.4 billion annually to local economies across America's metropolitan areas.

https://www.weforum.org/agenda/2020/01/closing-the-housing-gap-how-industry-can-help/
The housing sector has a far-reaching impact on our global economy - linking suppliers with economic sectors, product and service providers and operators, to the demand side of financing and homeownership throughout the housing value chain. Creating a sustainable market to fill the multi-trillion dollar global affordable housing gap requires an

https://www.bloomberg.com/news/articles/2024-06-10/new-urbanism-fans-tout-throwback-plan-to-fix-us-housing-crisis
The group's approach is akin to a Parks and Rec-ified take on "think local, act global" — small-town governments, given their proximity and agility, are best able to address the multitude

https://www.bizjournals.com/sanfrancisco/news/2024/06/19/wells-fargo-black-cultural-zone-east-oakland.html
The development site at the corner of Foothill Blvd and 73rd Ave sits within the 50-block East Oakland Black Cultural Zone, which spans from High Street to the Oakland-San Leandro border and was

https://www.nlc.org/article/2023/03/16/constructing-and-preserving-affordable-homes-with-state-and-local-fiscal-recovery-funds/
For too many working families, a lack of adequate, high-quality homes has made affordable housing unavailable. As noted in a recent op-ed with Secretary Marcia Fudge of the U.S. Department of Housing and Urban Development (HUD), "chronic underinvestment in new housing means we simply have too few homes in America, and the consequence has been that affordable housing is out of reach for too

https://www.politico.com/news/2024/06/11/governors-affordable-housing-00162705
The Fifty. Six states where housing is hard to find: Here's what governors are doing about it Politicians risk the wrath of voters if they can't make headway on an issue that has huge

https://news.delaware.gov/2024/06/07/deldot-georgetown-celebrate-completion-of-park-avenue-phase-1-project/
Secretary of Transportation Nicole Majeski joined state and local officials to celebrate the opening of the $21 million first phase of the Park Avenue relocation project on Friday. The nearly two-mile segment of road included reconstruction of Arrow Safety Road from Route 113 to S. Bedford Street, a new roundabout at the intersection of S. Bedford Street/Arrow Safety Road/Park Avenue, and a