On Wednesday, Harvard’s Joint Center on Housing Studies (JCHS) released its annual report on the State of the Nation’s Housing. Each year, the report gives an update on key trends in housing across the country and in select metropolitan areas.
The staff at the North Carolina Housing Coalition (www.nchousing.org) have put together data on the need for affordable housing in each of North Carolina’s 100 counties. The two counties we serve—Wake and Johnston show a need of 106,126 and 19,121 families cost burdened for housing in each county, respectively. That’s 29% of all families in Wake and 31% in Johnston.
Gentrification is certainly a pressing topic in Wake County these days. We like seeing investment in neighborhoods that have lacked investment for decades, but left uncontrolled, the market can quickly price out residents that have called the neighborhood home all their lives.
Richard Rothstein, a leading expert on U.S. housing policy and author of The Color of Law explains the need for the Fair Housing Act, its context, and the consequences of barriers to equal and affordable housing.
We are pleasantly surprised that the recently passed FY18 federal budget includes significant additional resources for affordable housing. Frankly, we weren’t expecting this and are grateful that Congress is seeing a need for additional resources to address housing affordability across the country.
See the media release from Habitat for Humanity International:
At Habitat Wake, we are always up for a challenge and that’s a good thing since providing homeownership to families earning less than 60% of the area median income is quite a feat in itself. However, lately the news from Washington begs the question, “Can you make it any harder?”
Here’s just a few recent proposals that make the task of providing affordable housing that much harder:
The White House eliminates all funding programs that Habitat for Humanity utilizes in its’ FY19 budget proposal.