Topics Under Tag: "affordable housing"

PadSplit

Low Income Co-Living Offers a Solution to the Affordable Housing Crisis

Anne Field | June 6, 2019

Call it a co-op for renters, or boarding house 2.0. Startup PadSplit, based in Atlanta, has a novel approach to solving the affordable housing crisis: shared homes, with private bedrooms for residents (or members, as they’re called), fixed utility costs and a business model that makes it all profitable for property owners. While many co-living […]

Two Coops Focused on Community-Owned Housing and Solar Take Root

Locavesting Staff | December 7, 2018

A pair of cooperatives aiming to put affordable housing and renewable energy in community hands made their official debut on Wednesday in Oakland, Calif. The groups, the East Bay Permanent Real Estate Cooperative and People Power Solar Cooperative, were incubated out of the Sustainable Economies Law Center (SELC), a nonprofit that has nurtured many of […]

landed

A Sharing Solution to California’s Housing Crisis

Amy Cortese | July 13, 2018

It was late August last year and Fidel Mora, a bilingual math teacher in San Mateo County, felt the familiar sense of anticipation as a new school year approached. But this year there was something else he was excitedly looking forward to: Mora and his wife Carol Yoo, an English teacher (pictured above), were preparing […]

affordable housing funding

Affordable Housing: Who Will Fill the Funding Gap?

Stacey Kirsch | March 22, 2018

Affordable housing development has been disrupted by new tax reform legislation, leaving a void in funding. New financing tools are needed to fill the gap. The Section 42 Housing Tax Credit Program (LIHTC) will be significantly impacted by the changes to the tax code. These credits encourage affordable housing and have funded over three million […]

In Oakland, Community-Owned Real Estate is Bucking Gentrification Trend

Sarah Trent | March 12, 2018

For two decades now, the building at the corner of 23rd and International avenues in east Oakland has been a community hub for people and organizations with few other places to go. In a neighborhood that is low-income and majority people of color—flanked to the east by the largely Latino/Hispanic Fruitvale district and to the […]

American Homeowner Preservation

A Fund Where Investors and Homeowners Both Win

Locavesting Staff | April 21, 2017

The mortgage crisis might seem like a distant memory, but in some ways, American families are more vulnerable than ever. More than 83,000 new families are impacted by foreclosure every month. Nationwide, one in every 200 homes goes into foreclosure. Jorge Newbery is out to change that. His company, American Homeowner Preservation (AHP), buys distressed mortgages […]