Average per-unit costs were $232,000, most for one-bedroom apartments, in a review of a U.S. Department of Housing and Urban Development program designed to build and preserve affordable housing.
The Department of Housing and Urban Development’s Housing Trust Fund program needs better oversight, according to a new report from the U.S. Government Accountability Office.
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More than two dozen cities and counties across Virginia are slated to receive a portion of nearly $100 million in federal funding for affordable housing and homelessness, U.S. Senators Mark Warner and Tim Kaine, D-VA, announced this week.
Localities across the Commonwealth are expected to receive a portion of more than $98.3 million in grants from the U.S. Department of Housing and Urban Development.
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Richmond Mayor Levi Stoney proposed a “racially equitable” affordable housing plan on Tuesday.
The mayor will give a majority of the city-owned land parcels to Maggie Walker Community Land Trust. The organization’s mission statement is “to foster racially equitable communities” within their constructed affordable housing.
Nashville’s housing agency plans to rehab two properties even as the city takes over public housing from the federal government. The Nashville Metropolitan Development and Housing Agency will release its 600-page five-year plan to the federal government soon, Nashville Public Radio reports. The plan overview is available here. Council will…
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The Wall Street Journal has taken notice of how Nashville is becoming gentrified and is in danger of becoming a “chic urban playground for the wealthy.” James Fraser, an urban studies professor at Vanderbilt University, told The Wall Street Journal the city needs 30,000 more units of affordable housing and…
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