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California’s Housing Affordability Drops to 16-Year Low

California’s Housing Affordability Drops to 16-Year Low

by Phil Hall | Nov 10, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing affordability in California slumped to its lowest level since 2007, according to data from the California Association of Realtors (CAR). Fewer than one in five home buyers (15%) were able to afford a median-priced, existing single-family home in California...
NAHB: Dept. of Energy is Making it Harder to Create Affordable Housing

NAHB: Dept. of Energy is Making it Harder to Create Affordable Housing

by Phil Hall | Nov 8, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) has called out the U.S. Department of Energy (DOE) for creating regulations that have negatively impacted efforts to address the production of affordable housing. In testimony delivered today before the U.S. House...
Lincoln Avenue Communities Breaks Ground on Reno Affordable Housing Complex

Lincoln Avenue Communities Breaks Ground on Reno Affordable Housing Complex

by Phil Hall | Nov 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lincoln Avenue Communities (LAC), an acquirer and developer of affordable housing, broke ground on the future site of Pinyon Apartments, a development that will provide 252 units of affordable housing for lower-income families in Reno, Nevada. Construction of Pinyon...
Build More Housing Near Transit Act is Reintroduced in Bipartisan Endeavor

Build More Housing Near Transit Act is Reintroduced in Bipartisan Endeavor

by Phil Hall | Nov 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bipartisan initiative led by Reps. Scott Peters (D-CA) and Cathy McMorris Rodgers (R-WA) and Sens. Brian Schatz (D-HI) and Mike Braun (R-IN) have reintroduced the Build More Housing Near Transit Act, which is designed to encourage the construction of low- and...
Edson Awards Honors Affordable Housing Initiatives

Edson Awards Honors Affordable Housing Initiatives

by Phil Hall | Nov 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Affordable Housing Tax Credit Coalition (AHTCC) announced the winners of its 2023 Charles L. Edson Tax Credit Excellence Awards, which celebrate affordable housing initiatives and the organizations providing the most impactful use of the Low-Income Housing Tax...
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