Housing News of the Week 10.30.19

Check out the recent news below to see what is happening this week in Housing News.

New report! Fixing America’s Broken Disaster Housing Recovery System: Part 1: Barriers to a Complete and Equitable Recovery
National Low Income Housing Coalition
NLIHC and Fair Share Housing Center of New Jersey recently released Fixing America’s Broken Disaster Housing Recovery System: Part 1: Barriers to a Complete and Equitable Recovery identifying the tremendous barriers to a complete and equitable housing recovery for disaster survivors with the lowest incomes, including people of color, seniors, people with disabilities, people experiencing homelessness, people with limited English proficiency, and others. (to read the full report, click the link above)

Wells Fargo to Donate $1 Billion to Affordable Housing and Homelessness Across America
Good News Network
In June, Wells Fargo announced a new philanthropic strategy that will address the key issues of housing affordability and small business revitalization with one billion dollars in grants and support. The bank that serves one in three households in the United States said it is committing $1 billion over the next six years to support nonprofits and private entities that demonstrate ability to create positive outcomes in homelessness, available and affordable rentals, transitional housing and home ownership. Last year, the Wells Fargo Foundation donated $444 million to more than 11,000 nonprofits to help address economic and social needs in underserved communities—and yesterday it announced $9 million in grants to more than 60 nonprofits, such as Habitat For Humanity and Covenant House, in support of housing affordability solutions. (read more by clicking the link above)

Rent vs. buy? No option for some with student debt
Sunbury Daily Item
Selinsgrove resident Amber Fisher is among the 400,000 Americans who can’t afford to buy a home because of student debt. “Wages haven’t kept up with rising costs and we can’t get out from under student debt right now. Where would I get money for a new roof?,” said Fisher, 40, who lived in Burlington, Vermont, for 20 years before moving back to Snyder County in July with her partner, James Hawke, and their 2-year-old son, Shepard. Student debt has had a significant impact on the housing market with homeownership falling from 45 percent to 36 percent among people ages 24 to 32 between 2005 and 2014, leaving about 400,000 Americans unable to afford a home, according to a Federal Reserve’s report released earlier this year. Today, student debt has reached a record high of about $1.5 trillion, the report said.  (read more by clicking the link above)

SAFE Act would put millions toward housing for survivors of domestic violence
ABC-27 News
This week, Senator Vincent Hughes unveiled the SAFE Act. The legislation would put $15 million toward creating a housing trust fund for survivors of domestic violence, human trafficking and sexual assault. In Philadelphia alone, about 10,000 people are turned away from emergency housing each year. This money would go to organizations throughout the state to make sure victims have a place to go. (read more by clicking the link above)

Clean Those Vacant Lots: A Neighborhood Anti-Crime Strategy That Works
While many criminologists advocate addressing the sociological roots of crime, such as racism, poverty and unemployment, two researchers claim that quicker and more cost-effective results might come from a (literally) more grassroots approach. In a study published by the Manhattan Institute as part of its Urban Policy 2019 seriesJohn M. Macdonald and Charles C. Branas found that a Philadelphia program to revitalize abandoned lots in the city’s blight-ridden neighborhoods resulted in “significant” reductions in shootings and assaults.  (read more by clicking the link above)

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