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Keywords:affordable housing 

Journal Article
Texas’ cheap housing edge slipping away as resilient demand outpaces supply

Housing affordability has declined in Texas, a top destination for domestic and international migrants drawn by its historically low cost of living.
Southwest Economy

Discussion Paper
Rental Housing Affordability in the Southeast: Data from the Sixth District

Housing data are available for most large metropolitan regions in the Atlanta Fed's Southeast region. However, many midsized metropolitan, micropolitan, and nonmetro areas lack detailed data on rental housing affordability and housing supply needs by income level. These data are important for state and local governments, affordable housing developers, and housing advocates to inform housing policy. Therefore, the Atlanta Fed partnered with the Shimberg Center at the University of Florida to analyze census data using a methodology developed for Shimberg's periodic Rental Market Study for the ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2018-2

Journal Article
Assessing the Durability of COVID-Era Capacity Gains Among Community-Based Organizations: Lessons from the Emergency Rental Assistance Program

To better understand the impact of the Emergency Rental Assistance Program’s conclusion on community-based organizations and on their scope and scale of work after ERAP, this brief draws on interviews conducted with practitioners involved with nearly two dozen ERA programs across the country. These interviews help shed light on how the dwindling and, in many cases, cessation of ERAP funds is affecting organizations’ capacity along multiple dimensions as they scale back, reorient, and move on post ERAP.
Community Development Research Brief , Volume 2024 , Issue 01 , Pages 21

Journal Article
PHFA Takes Pro-Active Steps in Loan Servicing to Keep Borrowers in Their Homes

The Pennsylvania Housing Finance Agency (PHFA) was created 40 years ago by the state legislature to expand affordable housing options for the state?s residents. It does so through a number of programs that include funding the construction of multifamily rental units, providing affordable home mortgages, supporting housing counseling at no cost to prospective homeowners, and engaging in foreclosure prevention efforts. This article focuses on the PHFA?s servicing of its home purchase mortgages to Pennsylvania residents and the pro-active steps taken by the agency to help keep borrowers in their ...
Cascade , Volume 1

Discussion Paper
Developing Inclusive Communities: Challenges and Opportunities for Mixed-Income Housing

Over the past decade, housing costs have risen faster than incomes. The need for affordable rental housing has well outpaced the number of available units as well as funding allocations at the federal level. Local regulation and land use policies that increase the cost of subsidized, mixed-income housing construction and preservation have contributed to the affordability problem. {{p}} To meet the affordable housing needs in U.S. communities, innovation, creativity, and "out of the box" thinking may be required, particularly as it relates to reducing the rapidly increasing costs of ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2017-1

Journal Article
Opinion: Unique Challenges in the Housing Market

The Fed's monetary tightening over the past year has had an immediate effect on the housing market. The average interest rate on a 30-year fixed-rate mortgage more than doubled from about 3 percent at the end of 2021 to around 7 percent by the fall of 2022. Higher mortgage rates — so long as inflation is not expected to stay high — raise the real cost of borrowing to buy a new home, so it is no surprise that new home sales declined throughout 2022. But if the Fed didn't act to bring inflation down, we could expect lenders to charge high rates simply to break even in real terms. The ...
Econ Focus , Issue 1Q , Pages 36

Briefing
Rental Affordability and COVID-19 in Rural New England

Although a shortage of affordable rental housing is often framed as an urban-area issue, rural communities also suffer from this problem. On average, rural and urban renters spend similar shares of their income on rent and have comparable rates of housing-cost burden. Years of slow income growth and skyrocketing rents, particularly during the 2000–2010 period, have eroded slack in household budgets that may have gone toward other expenses or toward savings. The coronavirus pandemic likely has exacerbated affordability problems by putting many rural residents out of work. The share of jobs ...
New England Public Policy Center Regional Brief , Paper 2021-1

Report
Resilience and Recovery: Insights from the July 2022 Eastern Kentucky Flood

Because of its topography, location, and coal mining legacy, eastern Kentucky has a long history of flooding. This report focuses on housing in the 13 counties declared federal disaster areas after the July 2022 flood.
Community Development Publications

Journal Article
Building for Special Needs in East Texas

For the past six years, Pineywoods HOME Team, a nonprofit community housing development organization (CHDO), has been building affordable housing in East Texas.
e-Perspectives , Volume 1 , Issue 3

Journal Article
Upfront: New from the Richmond Fed’s Regional Matters blog

Econ Focus , Volume 23 , Issue 2Q , Pages 2

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