Housing News of the Week 11.6.19

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

Lawmakers weighing bills aimed at stemming blighted properties in Pennsylvania
Marietta Daily Journal

State lawmakers are considering legislation that would, in part, require anyone who wants to bid at a real estate tax sale to register at least two weeks in advance. Proponents say the proposal – House Bill 1559 and Senate Bill 775 – would help reduce blight across the Keystone State by keeping shell companies and delinquent taxpayers from purchasing property at public auctions. (to read more, click the link above)

Senate advances bill to provide tax abatement for improvements, new construction on blighted properties
Pennsylvania Business Report
The State Senate advanced a bill Tuesday that would allow local taxing authorities to provide a tax exemption for up to 10 years for improvements and new construction on blighted properties. (to read more, click the link above)

How to Beat Affordable Housing’s NIMBY Problem
theatlantic.com
At a time when housing advocates across the country are often stymied by “not in my backyard” residents, officials in Minneapolis approved an ambitious plan to tackle the city’s housing crisis. What can we learn from their success? (to read more, click the link above)

Homeless youth program to expand in 4 Western Pa. counties
Pittsburgh Tribune Review
A program to alleviate youth homelessness in four Western Pennsylvania counties is set to expand now that it has new funding. Valley Youth House, an agency based in Bethlehem, Pa., recently received $1.6 million from the U.S. Department of Health & Human Services to build on the host home model it launched in the region this year. (to read more, click the link above)

Blocked by debt
Erie Times News

Pushing the millennial generation into homeownership has long been a major focus of the real estate industry. Born from 1981 to 1996, this group of Americans reached 67.7 million this year, according to the Census Bureau, making it one of the largest and potentially most-lucrative demographics in the country for the real estate industry. But for black Americans – whose overall homeownership rates remain near record lows – attracting a younger generation of home buyers is even more critical. (to read more, click the link above)

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