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Six years after Prop HHH was passed, the fund appears to be delivering on its housing construction goals in the 10-year timeline, but the measure is being routinely criticized on all sides for delays, rising costs, and being an inadequate fix to LA’s homelessness crisis.
The largest source of subsidy for building affordable housing doesn’t come with meaningful eviction reduction requirements, or even incentives. But it could.
A few cities in the U.S. are addressing homelessness by experimenting with different financing vehicles that are helping to preserve and construct more supportive housing.
“In community development, there are a number of different goals. The first goal, obviously, is to produce housing that is affordable and accessible, but we also have other goals around providing jobs for people.”
The dual financial system affects not only Black and Brown consumers, but Black- and Brown-led firms. In the past two years, CDFIs have focused on shifting access to capital for developers.
Our fair housing laws enshrine an approach that prohibits us from explicitly referring to race, even in programs intended to undo the harm caused by racism. Now restorative housing policy is attempting to directly confront this history.
A majority of voters nationwide supported funding for affordable housing as state and local governments try to address the problem in the absence of an adequate federal response.
Despite an all-out effort by the housing industry to stop them, two rent stabilization initiatives were given the green light following this month’s vote.
Are the neighborhoods impacted by large development getting the jobs and affordable housing they were promised? Shelterforce looks back at several cities where community benefits agreements were won to find out where those agreements now stand.