Housing News Roundup: April 19, 2018
New Report More Than 7-Million-Home Shortage for Extremely Low–Income Renters
A new report by the National Low Income Housing Coalition found that there is a shortage of 7.2 million affordable, available rental homes for extremely low–income households nationwide. Las Vegas, Nevada, has the lowest supply of rental homes—10 per 100 extremely low–income households, and Providence, Rhode Island, has the highest supply of rental homes per household.
Source: Washington Post
Student Homelessness Is on the Rise in Sacramento
New data collected by school districts in Sacramento County show that the number of students without a stable place to sleep, including those sleeping in motels, campgrounds, and shelters, rose 15 percent last year. Thirty percent of the homeless students live in shelters or outdoors. “We know that this sense of insecurity and trauma can impact learning,” said Alyson Collier, coordinator of the Education for Homeless Children and Youth program within the Sacramento County Office of Education.
Source: Sacramento Bee
Is Housing Inequality the Key to America’s Economic Divide?
The most expensive 20 percent of owner-occupied homes account for more than half of America’s housing value, reflecting the same level of housing inequality as the 1930s. Research shows that income from housing has grown significantly more than other forms of since the mid-20th century and that housing inequality is a key factor in rising wealth. A recent study shows that housing inequality stems from the growing gap within cities and metro areas.
Short-Term Win for Low-Income San Francisco Voucher Holders
Last week a San Francisco judge ruled in favor of the city, which sued a property company and local broker for allegedly refusing to accept Section 8 voucher payments. The city argued that it is up to individual cities to decide whether to regulate federal vouchers. A press release states, “The courts have made it crystal clear that San Francisco’s protection for low-income renters is valid and enforceable.”
Ending Homelessness through Financing that Allows Government to Pay Only for What Works
Travis County, Texas, plans to provide housing and services to 250 homeless people who are frequent users of health care, emergency medical resources, or shelters, or who are frequently arrested, through a financing mechanism in which investors pay upfront costs and are reimbursed by the local government if program goals are met. “All the data shows they’re going to change some of their behavior…and as a community, we’re going to avoid a bunch of costs,” said Ann Howard executive director of Ending Community Homelessness Coalition.
Source: Austin American-Statesman