News Roundup

  • 80 Percent of Larger US Counties Are Now Unaffordable
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    New data from the real estate analytics firm ATTOM show that 80 percent of larger US counties are now unaffordable for homebuyers and more than a third of markets are seriously unaffordable. “Among the 589 counties analyzed, 582, or 98.8 percent, were less affordable in the second quarter of 2024 than their historic affordability averages,” ATTOM said.

  • NYC Landlords Form Collective to Cut Insurance Costs
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    Affordable housing landlords in New York City have launched a collective to combat soaring insurance rates. By pooling resources, the new insurance venture, the Milford Street Association Captive Insurance Company, aims to cover claims and stabilize costs for tenants.

  • Local Housing Agencies Can Now Subsidize Cooling Costs during Severe Heat Waves
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    New US Department of Housing and Urban Development (HUD) guidelines permit local housing agencies to subsidize cooling costs during extreme heat periods. HUD defines these periods as two to three days of intense heat and humidity when temperatures reach at least 90 degrees but allows local agencies to determine their own definitions. 

  • San Francisco to Begin Enforcing Homeless Encampment Regulations
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    An appeals court has overturned a year-long injunction blocking San Francisco from enforcing laws against “involuntary homelessness” following the US Supreme Court’s overturning of Johnson v. Grants Pass. City officials may now cite or arrest people experiencing homelessness, and a more detailed policy is yet to come.