The California Supreme Court ruled that the City of Huntington Beach must approve plans for residences that low-income people could afford. The San Francisco Chronicle reports the city argued the decision to build a specific amount and type of housing belongs to local...
The mayor of Connecticut’s capital city is offering to sell city-owned land to affordable housing developers for $1.00. Fox61.com reports Hartford Mayor Arunan Arulampalam says the city has teamed with the state government on a new $4 million fund to help builders who...
New Mexico’s capital of Santa Fe has become the first US city that will directly connect wages to housing affordability, with the goal of linking minimum wage increases to both fair rental market prices and consumer prices. The Associated Press reports Santa...
JPMorgan Chase (NYSE: JPM) is providing more than $40 million for construction and renovation projects that address the affordable housing shortage. The bank will offer more than $20 million in grants and $20 million in “flexible, impact-focused term loans” to...
Preservation of Affordable Housing (POAH) a national nonprofit affordable housing developer, has closed on the construction financing for Lambert Woods North, a six-building, 72-unit apartment complex in Portland, Maine. This is POAH’s first development in the state...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
