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More stories about Low-Income Housing

Affordable Housing Trust Fund Moves Forward

Affordable housing advocates have moved one critical step closer to their long-awaited goal of establishing a national trust fund with dedicated, ongoing sources of funding. On July 31, the House of Representatives' Financial Services Committee approved H.R. 2895, the National Affordable Housing Trust Fund Act of 2007. Originally proposed in 2000 by Sen. John Kerry, the concept of a national trust fund for affordable housing had never made it past the committee stage until now.

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Crunching the Numbers

Most of us would find it astonishing that a person earning $19,500 a year could afford to buy a new home in a neighborhood where the houses sell for $115,000 to $600,000. But when the Los Alamos Housing Partnership developed Piñon Trails, a mixed-income community of 120 homes in Los Alamos, N.M., director Steve Brugger took advantage of every tool he could find to finance homes for buyers earning an average of $37,000 a year.

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The Space Between

The twin clapboard houses that contractor Norman Scotland built side-by-side on Warburton Avenue are what one might expect to find in Westchester County, N.Y. Modest in scale and colonial in flavor, you almost wouldn't know they were newly constructed just a couple of years ago. And with their enviable views of the Hudson River, you'd never guess that they are affordable for-sale duplexes set above apartment flats, with the flats designated as rental housing for low-income tenants.

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Project Of The Year And Grand

Chatham Square

ALEXANDRIA, VA.'S OLD Town, with its historic architecture, quaint gardens, and European-styled streets, boasts some of the most coveted real estate just outside Washington. So when the city proposed the transformation of a crumbling, 100-unit public housing project into a mixed-income neighborhood spanning two urban blocks, stakeholders came out of the colonial woodwork to voice concerns about parking congestion, aesthetic preservation, and the potential displacement of low-income residents.

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Female Finesse: Habitat for Humanity

With hammers and power tools in their hands, women volunteers from Habitat for Humanity International's Women Build program joined first ladies from Alabama, Maine, and Arkansas at a build site in Mobile, Ala., to begin the First Families Building Homes Across America program. This aggressive and ambitious campaign is a two-year initiative to construct homes for low-income families in each of the 50 states, plus the District of Columbia.

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NAHB Briefs: April 2006

- The NAHB/Wells Fargo Housing Opportunity Index lists Indianapolis as the nation's most affordable major housing market for a second consecutive quarter. - Higher interest rates and rising home prices cause nationwide housing affordability to slip for a fourth consecutive quarter. - Congress introduces the Private Property Rights Implementation Act of 2006 to ensure that property owners get their day in federal court to defend their Fifth Amendment takings rights.

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