Affordable housing

There are many rules of thumb, and the FHFA has new suggestions for making those more accurate.

We are pleasantly surprised that the recently passed FY18 federal budget includes significant additional resources for affordable housing. Frankly, we weren’t expecting this and are grateful that Congress is seeing a need for additional resources to address housing affordability across the country.

See the media release from Habitat for Humanity International:

At Habitat Wake, we are always up for a challenge and that’s a good thing since providing homeownership to families earning less than 60% of the area median income is quite a feat in itself.  However, lately the news from Washington begs the question, “Can you make it any harder?”

Here’s just a few recent proposals that make the task of providing affordable housing that much harder:

• The White House eliminates all funding programs that Habitat for Humanity utilizes in its’ FY19 budget proposal.

Earlier this month, the White House released the President's budget request for 2019, which details the Administration's vision for funding federal agencies.