housing-crisis2.435 min read
"New York City's Rental Vacancy Rate Plummets to 1960s Levels Amid Housing Crisis"
1 year ago•Source: New York Daily News
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6.43 min•1 year ago
"Rising Rent Crisis: Americans Struggle to Afford Housing"
A record number of Americans, especially people of color, are struggling with unaffordable rent increases, with 22.4 million renter households spending more than 30% of their income on rent in 2022. Lawmakers at both state and federal levels are scrambling to address the crisis by proposing measures such as eviction protections, zoning reforms, rent increase caps, and significant funding for building more affordable housing. The housing affordability crisis has led to a dramatic rise in eviction filings and homelessness, impacting the long-term well-being of affected households, especially those making less than $30,000.
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"Massachusetts' State-Funded Housing: A Paradox of Waitlists and Vacancies"
Boston 25 News•2 years ago
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Accessory Dwelling Units Surge in Sacramento County Amid California Housing Crisis
KCRA Sacramento•2 years ago
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Unveiling the Hidden Laws Behind America's Housing Crisis
Originally Published 2 years ago — by CNN
Single-family zoning laws enacted in the early 1900s to protect homeowners and preserve neighborhood character have inadvertently contributed to the severe housing shortage in the US today. These laws, which restrict the construction of anything other than single-family homes in certain areas, have limited housing supply, raised prices, reinforced racial and class segregation, and hindered access to better schools and job opportunities. As a response to the housing crisis, some states and municipalities are rethinking their zoning laws, allowing for multi-family developments, accessory dwelling units, and affordable housing near transit lines. However, zoning reform alone is not enough to solve the problem, and additional policy changes, such as increased housing subsidies and protections for renters, are necessary to address housing affordability.
"LA Officials Brace for Surge in Evictions as Pandemic Rent Deadline Looms"
Originally Published 2 years ago — by CBS News
The deadline for Los Angeles renters to repay back rent missed during the COVID-19 pandemic has passed, and officials fear a surge in homelessness as the eviction moratorium expires. Many tenants owe significant amounts of back rent, with the average monthly rent in Los Angeles now nearly $3,000. The situation is not limited to Los Angeles, as eviction protections in Hawaii, New York, Maryland, Minnesota, and Illinois are also set to expire in August.
Portugal's Low-Wage Workers Struggle with Housing Crisis.
Originally Published 2 years ago — by The Associated Press
Rising rents, surging home prices, and climbing mortgage rates are pricing out many people, including the middle class, from Portugal's property market. The problem has been magnified by tourism and an influx of foreign investors who have been driving up prices, forcing locals out of their neighborhoods. Portugal's center-left Socialist government has unveiled a package of measures to address the problem, including forcing the owners of unoccupied properties to rent them out and capping increases in new rental contracts. However, the proposals have stirred controversy, with some seeing them as heavy-handed and misguided.
Portugal's Low-Wage Workers Struggle with Housing Crisis.
Originally Published 2 years ago — by WOWK 13 News
Rising rents, surging home prices, and climbing mortgage rates are pricing out many people, including the middle class, from Portugal's property market. The problem has been magnified by tourism and an influx of foreign investors who have been driving up prices, forcing locals out of their neighborhoods. Portugal's center-left Socialist government has unveiled a package of measures to address the problem, including forcing the owners of unoccupied properties to rent them out, capping increases in new rental contracts, and ending the government's "golden visa" program.