June 27, 2024

Amid high interest rates, housing prices, and the costs of other necessities, the Biden administration announced steps to increase access to affordable housing. Measures include a $100 million fund to support affordable housing financing over the next three years and increasing the Federal Financing Bank’s financing of affordable housing.

As climate disasters intensify, an increasing number of Americans are opting out of homeowner’s insurance because of skyrocketing premiums. As a result, 12 percent of Americans are now uncovered. Research shows homeowners of color and those with low incomes are most likely to forgo insurance, leaving them at greatest risk.

Colorado’s new law H.B. 23-1099 was meant to reduce rental application costs by allowing tenants to reuse background checks. But both tenants and landlords are finding it difficult to navigate the requirements, with many services failing to comply fully with the law.

The latest State of the Nation’s Housing report highlights struggles both renters and homeowners are experiencing because of unaffordable housing costs. A record high of 12.1 million renters are spending more than half their income on housing and utilities, while nearly a quarter of homeowners are “stretched worryingly thin.”