Commissioners Seek Global Solutions to the High Cost of Housing

After months of little to no updates on Opportunity Zones (OZs), there has been a flurry of recent federal activity. Within a short period of time the IRS released its second round of proposed OZ guidance, several major developments came from the White House Opportunity and Revitalization Council, HUD released an overview of activities in OZs and a request for input, and important bipartisan legislation is reported to be advancing. In this blog post, we will review these developments and share information on how stakeholders can engage.

Earlier this week, PadSplit announced its $4.5 million first round of funding, led by Core Innovation Capital. MetaProp and Enterprise Community Partners are excited to be investing in the round alongside Core and a broader investor syndicate.

On March 28, HUD announced charges against Facebook for violating fair housing law by encouraging, enabling, and causing housing discrimination through the company’s advertising platform.

The New York City Housing Authority (NYCHA) is at a crossroads. Ensuring that the over 390,000 low-income New Yorkers who rely on NYCHA have safe homes and access to vital services is of the utmost priority.

Public housing should be funded alongside other public institutions like schools, libraries, or parks.

1036 Mission Family Housing provides 83 homes for families within a 9-story building that includes community spaces, outdoor courtyards and a rooftop garden.

This beautiful new development provides 45 homes for seniors co-located with a new public library and YMCA wellness center.

This beautiful new development provides 45 homes for seniors co-located with a new public library and YMCA wellness center.

This development will preserve 78 homes for special needs and homeless individuals and greatly expand tenant community spaces.

The Internal Revenue Service (IRS) issued guidance clarifying that housing for military veterans and households with special needs are eligible for bond financing

This unique development will create 115 homes for families on the site of Liberty Bank, the first African American owned bank west of the Mississippi.

VP Andrew Jakabovics offers a section-by-section analysis of the Trump Administration's memorandum directing heads of federal agencies to lay out a plan for housing finance reform. This analysis examines the context and implications of the language in the memo.

Construction will update home interiors and provide a new community building for resident events and engagement.

A new guide supported by Enterprise offers strategies for CDFIs to use Opportunity Zones to create equitable and inclusive growth in lower-income communities.

Today and tomorrow the Senate Committee on Banking, Housing, and Urban Affairs will hold hearings to discuss the outline Chairman Mike Crapo (R-ID) has developed for legislation on housing finance reform.

The renovation will update apartment interiors; improve building systems; and provide enhanced common spaces for resident engagement.

President’s 2020 Budget Request Again Includes Significant Cuts for Affordable Housing and Community Development Programs.

This development will create 40 homes for seniors.

Senators Roy Blunt (R-MO) and Ben Cardin (D-MD) and Representatives Tom Reed (R-NY) and Terri Sewell (D-AL) have introduced the New Markets Tax Credit Extension Act of 2019. This bipartisan legislation would make the New Markets Tax Credit (NMTC) a permanent part of the tax code.

This groundbreaking development is spread across three locations and will preserve 36 homes for seniors and 64 for families.

Enterprise has released a new report that examines how tenure rates by age, race/ethnicity, and income differ from the national trend over time, resulting in uneven distributions of owners and renters.

Through this RFA, Enterprise is funding the community revitalization and preservation efforts of municipalities and counties in New York State.

As part of National Fair Housing Month, we bring you “100 Great Ideas Atlanta,” a five-day, online community brainstorm.