Your Five Top Reads for May
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1. Making Home Affordable for 7.4 Million Households
The latest national and state fact sheets from the ACTION Campaign, which Enterprise co-chairs, show that the Low-Income Housing Tax Credit (Housing Credit) has financed nearly 3.2 million rental units nationwide. The Housing Credit's impact extends into the economy as a whole, supporting 3.6 million jobs and generating $344 billion in wages and business income.
2. Bringing Together Early Learning Centers and Affordable Homes
Financing these integrative developments can be complex, but Enterprise is here to support our nonprofit partners in their work to create mixed-use communities. We're offering several training opportunities in 2019 through our Home and Hope initiative, including exploring how the Housing Credit can be used to finance these types of communities.
3. Housing Stability Profiles: Making the Case for Affordable Housing
We're making it easier than ever for organizations to meet the needs of their communities and residents. Our recently updated Opportunity360 Housing Stability Profile provides a custom in-depth analysis of the demographics, affordability, supply gap and other critical data related to housing in any specific geographic region. Gain insight into residents' experience, and even learn how affordable housing is impacting vulnerable families.
4. Snapshot of Proposed 2020 Funding for Key Housing Programs
Two House subcommittees have released their draft spending bills for fiscal year 2020 in hopes of passing them by the end of June. Lawmakers overall provided strong funding levels for housing and community development priorities, again rejecting the drastic cuts proposed in the President’s budget request.
5. Taking a Stand for Mixed-Status Families
Enterprise joins housing, civil rights, social justice, faith-based and immigration organizations in strongly opposing a proposed HUD rule to prohibit “mixed-status families” – households whose members have different citizenship and immigration statuses – from living in public and other subsidized housing. We encourage everyone to take action.