Housing News Roundup: April 5, 2018
A Key Piece of the Fair Housing Act Has Been Left Behind
Fifty years after the passage of the Fair Housing Act, segregation is still pervasive in America. One study shows that 76 percent of black Chicago residents would have to move to fully integrate. “People forget that the second part of the Fair Housing Act was to actively promote an integrated society,” Brian Gilmore, a law professor at Michigan State University, said. “And you need to not just promote it, you need to actually make it happen.” Why has fair and open housing been difficult to achieve?
Source: The Atlantic
Decades-Long Residents Are Displaced as Gentrification Reaches Central Los Angeles
In the past decade, gentrification has crept closer to central Los Angeles, and it has finally arrived in Fidela Villasano’s neighborhood of Lincoln Heights. Her landlord told her he wants her out in the next few months. “I don’t have anywhere to go. I want to stay where I am,” Villasano said. She is among 74 percent of renters in Lincoln Heights who fear eviction as landlords look to sell.
Source: Los Angeles Times
With Housing Prices on the Rise, Tempe Builds a Community of Tiny Homes on City Land
As Tempe, Arizona’s affordable housing crunch mounts, the city plans to build a community of 12 600-square-foot “tiny homes,” or what city leaders are calling “humble homes,” on city-owned land. One-bedroom homes will be available for $130,000 or less. “It’s sort of pushing the envelope but not reinventing the wheel,” said David Crummey, the real estate developer who is building the community. A small, separate building on the property will contain laundry facilities and community space for residents.
Source: AZ Central
New Study Shows That College Students Face Significant Housing and Food Insecurity
More than a third of students at four-year colleges and nearly half of students at community colleges faced housing insecurity in the past year, according to a new survey of 43,000 students at higher-education institutions. Many of these students also experienced food insecurity. “We actually show you evidence that these challenges do affect students who live on campus, that they do affect students who have meal plans,” said Sara Goldrick-Rab, one of the study’s authors.
Are Reverse Mortgages an Effective Tool for Seniors?
Less than 1 percent of eligible homeowners use reverse mortgages, but experts say they can yield additional retirement security for seniors when they are used appropriately. Benefits include flexibility to make mortgage payments depending on their cash flow and portfolio and supplementing a retiree’s income. So how can reverse mortgages be used effectively?