There are 23 article(s) tagged affordable housing:
The Institute for Public Service Reporting found that, between August 2020 and February 2021, the height of the pandemic, local governments auctioned off nearly 1,700 tax-delinquent properties, about a fourth of which seem to be owner-occupied homes.
In what has been called “America’s fastest-growing rental market,” a South Memphis neighborhood is a microcosm of change as homes that were once owner-occupied are purchased by investment firms and renters find themselves seeking stability.
Even as housing prices are rising substantially in some parts of the area, the value of housing in other areas has been stagnant or even falling.
“We will lose young professionals, new college grads and young families to surrounding areas of other cities where there is substantial affordable housing available.”
Seven public housing sites across the city have been sold as part of a new plan to renovate and complete deferred maintenance on the units.
Memphis Mayor Jim Strickland talks with The Daily Memphian about national inflationary concerns and the longer-standing need for more quality affordable housing in the city ahead of the summit.
The leaders of the two housing and community groups talked on “Behind The Headlines” about a larger scope and plan for affordable housing in a city that needs about 40,000 new units of the housing.
Three leaders of the federally-funded effort to help pay overdue rent and utility bills talked on “Behind The Headlines” about what the new market reality means for the city’s growth with a shortage of quality affordable housing.
Through many community partners and volunteers, the BCLT believes it’s found a formula to maintain affordable housing and keep more residents in Binghampton.
Pockets of new duplexes, quadplexes, cottage courts, live/work spaces and small single-family homes may provide affordable homes for workers and serve as an example for reviving other core-city neighborhoods.
The Oxford Avenue property, once entirely encompassed (and defined) by a giant tree, is now a symbol of an even larger effort to give Binghampton residents a chance at becoming homeowners one day.
The Frayser CDC wants to further capitalize on an evolving Frayser housing market with its inaugural homeownership fair, at 3684 N. Watkins Street, from 9 a.m. to 5 p.m. Saturday, June 26.
A coalition of a dozen nonprofit and community organizations are calling for the city and county property tax rates to stay at their current rates to create more funding for public education, public transportation, affordable housing and similar priorities.
Nearly $60 million in development projects are at various stages of completion in Frayser addressing neighborhood issues such as early childhood education, recreational activities and affordable housing.
On a cloudy Thursday afternoon, the organizations behind the Renaissance at Steele renovations in Frayser celebrated the $17 million project’s completion.
The Binghampton Community Land Trust, the first of its kind in Memphis, was created after concerns about rising housing prices spurred by new development in Binghampton.
It’s spacious, it’s modern and everybody can take advantage of river views. But most of its newly renovated workstations and offices are empty because of COVID-19.
Memphis is ahead of the curve in reversing the results of old rules and regulations that encouraged segregation and created pockets of poverty. So changes in the federal fair housing policy have had little impact.
The city’s mix of housing has flipped in recent years, with renters now making up the majority as investors continue to buy single-family homes.
Memphis native Damon Williams, who succeeds longtime director Steve Lockwood, has worked in nonprofit housing for the past 15 years.
ALCO Management has invested more than $50 million in its Frayser properties dating back to the 1970s.
ALCO Management Inc., Memphis-based provider of government-subsidized rental housing in nine states, is expanding and updating Downtown offices and preparing for the July 2020 retirement of founder Frank Jemison.
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