Remodel
fromwww.housingwire.com
3 months agoHUD secretary to NAHB: Costly regulations will be terminated
The income needed to afford a home has doubled in five years, highlighting a housing affordability crisis.
"The Chan Zuckerberg Initiative has made a sharp reversal on its commitment to housing, quietly ending funding for several California housing organizations it had supported for years."
"We have an aging population, and a lot of people on lower income in that age range, and it's just an incredibly unfair burden to put on them," House Minority Leader Billy Bob Faulkingham (R-Winter Harbor) told WGME.
The proposed changes to the University Neighborhood Overlay will include significant height limit increases and an expansion of the overlay's borders, aiming to adapt to the growing population.
Sky-high home prices in the New York City suburbs aren't the only obstacle: Many condos also come with daunting and non-negotiable homeowners association fees. Luzzi worries that even if he can afford to buy a new home, he won't be able to keep up with the unpredictable communal costs.
Turner stated, "We have a housing affordability crisis in our country, and so today we are ensuring that American taxpayer dollars are used to assist the American people."