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Welcome to the Low Income Housing Online Resource and Blog! We help empower and educate low income families by promoting relevant news, developments, and other valuable resources that can be of assistance. Check out our latest posts below:

Monday, November 12, 2018

Fannie Mae Announces $145 Million Investment in Low-Income Housing Tax Credit (LIHTC) Funds

Low Income Housing Tax Credit Funds

Fannie Mae has announced that it has committed to invest up to $145 million in three low-income housing tax credit (LIHTC) funds as part of its ongoing commitment to provide a reliable source of capital for affordable rental housing in underserved markets. The new funds are Cinnaire Fund for Housing LP 33, Ohio Equity Fund for Housing LP XXVII, and MHEG Fund 50 LP.

Wednesday, November 7, 2018

Here's Why Affordable Housing Will Be Such a Big Obstacle in 2019

Affordable housing protestors

54% of mortgage industry professionals identified rising interest rates as the greatest obstacle facing the housing market in 2019, according to a recent survey executed by Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW). The next highest-ranked obstacles were a lack of affordable housing supply (37 percent), GSE reform (seven percent) and the pending expiration of the Qualified Mortgage patch (two percent) according to the survey, which polled 203 mortgage industry executives at the 2018 Mortgage Bankers Association Annual Convention and Expo.

Monday, October 29, 2018

This U.S. City Spent Millions on Low Income Housing, But Poor Families Still Can’t Afford It!

City of Charlotte

The City of Charlotte, North Carolina has spent more than $124 million to build affordable housing over the past 16 years. However, poor families in the city are still struggling to find a safe yet affordable place to stay and call a home.

Friday, October 19, 2018

In This City, 80% of African-American Children Live in High-Poverty Neighborhoods!

City of Atlanta

For generations, Atlanta, Georgia has been considered the "Black Mecca" because so many local African-Americans are succeeding in politics and business. But that reputation has seemingly gone now that it is actually ranked by a recent analysis as the number one worst city with the greatest income disparity which greatly affects minorities.

Sunday, October 14, 2018

Here's What the State of Virginia Wants to Do With Low-Income Women Who Keep Getting Pregnant

LARC Initiative implants for low income women

The state of Virginia has launched a new program called the LARC Initiative, that will cost the state around $6 million dollars, to make long-term contraceptives more accessible, especially to low-income women. The program will use long-acting reversible contraceptives or LARCs such as IUDs or implants that are inserted under the skin of the upper arm.

Monday, October 8, 2018

Study Says That Home Affordability in the U.S. is at Its Worst in 10 Years

Black family denied buying a home

ATTOM Data Solutions, curator of the nation's premier property database, has released its Q3 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the third quarter were at the least affordable level since Q3 2008 - a 10-year low.

INTERESTING FACTS ABOUT LOW INCOME HOUSING

According to a report by the Urban Institute, 25% - 40% of all low-income families in the United States experience hardships related to food and housing. This translates into millions of families with approximately 19 million children who need to be assisted.

Low income housing apartment building Thus, the term "low income housing" or even "affordable housing" is used to describe housing and apartments that are within financial reach to individuals and families with low annual household incomes. Such housing is made available by many sources, including city, county, state and federal government programs. There are also programs available through non-profit organizations and foundations, and private real estate or property management firms.

How Does It Work?

Via the federal government's Section 8 housing programs, which is also known as government subsidized housing, residents are given a place to live and only required to pay 30% of their monthly income as rent. The government itself will pay the difference, according to fair market price.

There are other low income housing programs that are not subsidized by the government, but are created and controlled by local non-profit organizations that receive grants to provide assistance to needy families. How much residents are required to pay depends on the organization's rules and regulations.

What Demographic Represents Low Income Households?

Contrary to popular belief, minority groups do not make up the majority of low income households in the United States. Although some Black and Hispanic communities in urban cities can be mostly low income households, there are far more low income households overall in rural areas where mostly White Americans live. This includes areas that are 30 miles or more outside of the nearest metropolitan city.

How Can Low Income Properties Be Located?

Interested ones can either seek the help of their local city or county government, they can petition assistance from a local non-profit organization, or they can utilize web sites such as this one that have free online databases of vacant low income units.