On Our Radar

WSIU News, April 29, 2024, Pritzker Administration Announces Illinois’ Largest Annual Award For Permanent Supportive Housing The Illinois Housing Development Authority (IHDA) has announced more than $123 million in state and federal resources have been awarded by the agency to finance permanent supportive housing throughout Illinois. Awarded under Round X of IHDA’s Permanent Supportive Housing […]

Axios, April 29, 2024, Young Americans’ Wealth Has Soared Since The Pandemic Household wealth for those under 40 in the U.S. is up 49% from its pre-pandemic level, according to a new analysis from the left-leaning Center for American Progress. Why it matters: Young households haven’t seen wealth growth like this since the Federal Reserve first started

Black Enterprise, April 29, 2024, Study Racial Segregation Public Schools Widespread The report on the state of public school education in America was commissioned to mark the 70th anniversary of the Brown v. Board of Education Supreme Court ruling that officially ended segregating schools by race. However, the system of segregation by other means was never addressed, and as the study makes clear,

MishTalk, April 28, 2024, Biden Embraces A Wealth Tax to Address Racial Wealth Inequality The Budget would tax long-term capital gains and dividends at ordinary rates for taxpayers with more than $1 million in income, curtailing a tax expenditure the benefits of which accrue disproportionately to White families. It would also treat transfers of appreciated

Axios, April 27, 2024, Home Values Are Down Across Austin Nearly every ZIP code in the Austin area saw typical home values decline compared to a year ago, per Zillow data shared with Axios. The big picture: Austin’s housing market, once the country’s hottest, is now “running in reverse,” the Wall Street Journal reports.

CBS News, April 29, 2024, Oregon Medicaid Patients Get Air Conditioning, Mini Fridges As Climate Change Drives Health Concerns At least 20 states, including California, Massachusetts and Washington, already direct billions of Medicaid dollars into programs such as helping homeless people get housing and preparing healthy meals for people with diabetes, according to KFF. Oregon is the

Bloomberg, April 29, 2024, Here’s How Immigration Will Boost The US Economy, From Strong Hiring To More Housing Growth in employment has continually surprised to the upside in recent years, running at a pace formerly deemed as unsustainable. Economists have coalesced around population growth as a key explanation after a recent Congressional Budget Office report estimated

Shelterforce, April 26, 2024, Criminalizing Homelessness Supreme Court Case Gives Us A Chance To Change The Narrative Many housing organizations have been sounding the alarm for decades that homelessness is a housing issue, that housing should be a human right, that housing must come first in our efforts to help those who are unsheltered, and that the

Shelterforce, April 25, 2024, Are Insurance Problems On The Horizon For Community Development Groups? Woodruff was alarmed and puzzled. The Community Opportunity Alliance doesn’t own or manage real estate, and is not a developer. Nor had it given Travelers any reason to question their business relationship. While insurer-initiated nonrenewals are not uncommon, they usually follow a

New York Post, April 25, 2024, Queens Hotel Begins Its Transformation Into Affordable Housing The 350-room JFK Hilton is well on its way to becoming perhaps the only byproduct of a program intended to convert hotels into permanent residences for low-income and formerly homeless New Yorkers, according to Gothamist.  The property — located next to the

Planetizen, April 28, 2024, Feds Issue New Energy Efficiency Standards For Affordable Housing A new set of building codes for affordable housing developments funded by federal dollars target energy efficiency, reports Kriston Capps for Bloomberg CityLab. “The standards will translate to lower costs for households least able to afford high energy prices, according to federal officials. Lower-income

The Washington Post, April 29, 2024, Rent Caps May End In Prince George’s. Tenants Are Organizing A Fight. Housing affordability is a pressing issue for legislators in Prince George’s, a majority-Black suburb bordering D.C. Black and Latino renters stand to be disproportionately affected by rent hikes here, where despite pockets of affluence, 10 percent of

The Wall Street Journal, April 26, 2024, Regulators Seize Troubled Philadelphia Bank, Republic First Republic First faced some of the same problems as the three regional banks that failed last year: paper losses on bonds that lost value as interest rates rose, and high proportions of uninsured deposits that can quickly flee.  In the first

Business Insider, April 26, 2024, 2 States Where Home Prices Are Falling Because There Are Too Many Houses And Not Enough Buyers Cape Coral and North Port, Florida, saw the country’s biggest surge in homes for sale, with volumes up about 50% from a year ago in March. The number of homes also jumped 25%

Axios, April 24, 2024, Strict School Zones Are Reinforcing Inequality, New Study Finds Rigid school attendance zones allow districts to legally keep many students of color and low-income families out of coveted, elite K-12 public schools, a new study finds. Why it matters: The US will soon mark the 70th anniversary of the landmark Brown v. Board of Education