Affordable housing

“ A second obstacle to minority homeownership is a lack of affordable housing. To encourage the production of single-family homes for sale in neighborhoods where affordable housing is scarce, my administration is proposing a single-family affordable housing credit. ”

“ The housing credit is now perhaps the most important Federal incentive for the development of rental housing for low-income people. And it is truly impossible to imagine such success without Fannie Mae and Freddie Mac's early and sustained participation.
On the third issue: In 1992, the GSE legislation requires the GSEs to dedicate substantial portions of their business to serving low-income people and communities. The Administration has proposed expanding HUD's ability to establish and enforce the GSE affordable housing goals. ”

“ So that is what we, many of us on our side, will be trying to do as we proceed, to make sure that whatever the final arrangements are, the housing function is not only protected, but enhanced, and that both the ability and the obligation of these two entities to help us with affordable housing is strengthened. ”

“ We are — we have more programs in place to assist people who are already in public housing to find a way to buy housing.
We know that affordable housing is a problem all across this country. I don’t know where my Republican colleagues live that don’t think that it — there is a problem, but there is. So many of us just choose to ignore it. ”

“ The strength and ingenuity of private enterprise, the efficiency and liquidity of our capital markets, and sound government policies have brought decent and affordable housing to the overwhelming majority of Americans. The opportunity to own a home or to live in decent rental housing strengthens the family, the community, and the Nation. It gives individual Americans a stake in the local community and encourages responsible political involvement.
Since World War II, the housing industry has made an immense contribution to the economic prosperity of the United States. ”

“ It is most appropriate that Americans recognize the social and economic benefits the housing industry provides our Nation, and that we remain grateful for the free market system that provides Americans with affordable housing opportunities. ”

“ In part due to a lack of available and affordable housing, 654,000 renters in Georgia are rent burdened, meaning they spend more than 30% of their income on rent. The President proposes investing over $200 billion to increase housing supply and address the affordable housing crisis. ”

“ President Biden’s plan will:
Build, preserve, and retrofit more than two million homes and commercial buildings to address the affordable housing crisis:
There is a severe shortage of affordable housing options in America. Millions of families pay more than half their income on rent, and home energy costs are a significant concern for American renters as well. And, across the country, people are struggling to purchase their first home. ”

“ This investment will allow us to put people to work, weatherizing at least 2 million low-income homes, which will also save working families on average $350 per year in heating costs. It's important to remember that these investments will expand the availability of affordable housing by 15,000 units -- and that is not insignificant -- which, coupled with other homeless programs here at HUD will play an important role in preventing an increase in homelessness during these tough economic times. ”

“ Communities prosper when all families have access to affordable housing. Barack Obama and Joe Biden supported efforts to create an Affordable Housing Trust Fund to create thousands of new units of affordable housing every year. ”

“ Owning safe, decent and affordable housing is every Filipino’s dream. But the housing market remains inaccessible to most of our countrymen.
I renew my call for Congress to pass the National Housing Development bill and the Rental Housing Subsidy bill. These will enable all Filipinos—regardless of social status—to live in decent homes where their families can lead meaningful lives. ”

“ A pilot program will be launched in selected places where conditions permit to use the idle portion of the housing accumulation fund to support development of affordable housing. We will vigorously develop public rental housing. We will effectively implement credit, tax and other policies to support people in purchasing homes and making home improvements. Individuals who meet relevant criteria and apply for bank loans to support the purchase of a second home for personal use will enjoy similar preferential lending policies that apply to the purchase of first homes. ”

“ We have also worked to expand homeownership opportunities for Americans. By using innovative financing mechanisms, such as the graduated payment mortgage, we have increased the access of middle income families to housing credit. By revitalizing the Section 235 program, we have enabled nearly 100,000 moderate income households to purchase new homes. By reducing paperwork and regulation in Federal programs, and by working with State and local governments to ease the regulatory burden, we have helped to hold down housing costs and produce affordable housing. ”

“ ECONOMIC INDEPENDENCE. The Secretary of Housing and Urban Development should immediately implement section 957 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12714) . Other Federal agencies authorized to assist low-income families should take similar steps to encourage economic independence and the accumulation of assets. ”

“ We encourage Congress to deal with these issues as expeditiously as possible to avoid any uncertainty in the mortgage markets.
As many have already testified, we too strongly support safety and soundness regulations. And we support strong affordable housing requirements.
We agree with the Administration that there is no reason to change the GSEs' mission, charter or status. We also agree with the Administration that HUD should remain responsible for ensuring the companies' compliance with their congressionally mandated affordable housing responsibilities. ”

“ After the current spending round period, we are investing £3.3 billion into the new Affordable Homes Programme from 2015-16. There will also be Right-to-Buy sales receipts reinvested in affordable housing. We expect this public investment to help lever in up to £20 billion of private finance on top, and deliver a further 165,000 homes between 2015-16 and 2017-18. ”

“ We look at the housing problem not only as an opportunity to propel economic activity but more as a challenge to alleviate the sad plight of our people in our slum dwellings. The challenge is to ensure continued investments in low-cost housing through stable financing and by devising new and imaginative arrangements that will maximize the private sector's role. I will certify to Congress a bill that makes contributions to PAG-IBIG mandatory beyond a certain salary ceiling and taps other sources for socialized housing. ”

“ This should include financial aids designed to yield more housing at lower prices. It should provide public housing for low-income families, and vigorous development of new techniques to lower the cost of building. ”

“ Home price inflation and high interest rates threaten to put homeownership out of reach for first-time homebuyers. Lower income households, the elderly and those dependent upon rental housing face rising rents, low levels of rental housing construction by historic standards, and the threat of displacement due to conversion to condominiums and other factors. Housing will face strong competition for investment capital from the industrial sector generally and the energy industries, in particular. ”

“ To reach our long-range goal of adequate housing for all our people, comprehensive housing legislation is urgently required, similar to the non-partisan bill passed by the Senate last year. At a minimum, such legislation should open the way for rebuilding the blighted areas of our cities and should establish positive incentives for the investment of billions of dollars of private capital in large-scale rental housing projects. It should provide for improvement of housing in rural areas and for the construction, over a 4-year period, of half a million units of public low-rental housing. ”

“ This year I urge the Congress to honor my request for model cities funds to rebuild the centers of American cities by granting us the full amount that you in the Congress authorized--$1 billion.
The next essential is more housing--and more housing now.
Surely a nation that can go to the moon can place a decent home within the reach of its families.
Therefore we must call together the resources of industry and labor, to start building 300,000 housing units for low- and middle-income families next year--that is three times more than this year. ”

“ It is necessary to understand the tangle of economic and human factors which has caused the existing situation in industrial housing. In dissecting the corpse of the housing industry, we soon find, as already stated, that high prices was the disease which killed the patient. Everything that enters into the cost of a home—land, site utilities, building construction, finance, taxes, municipal assessments, household furnishings, maintenance, operation of the completed home—has enormously increased in price. ”

“ Most of the houses we need will have to be built by private enterprise, without public subsidy. By producing too few rental units and too large a proportion of high-priced houses, the building industry is rapidly pricing itself out of the market. Building costs must be lowered.
The Government is now engaged in a campaign to induce all segments of the building industry to concentrate on the production of lower priced housing. Additional legislation to encourage such housing will be submitted. ”

“ Sizeable industrial and commercial ratables are eagerly sought and homes and the lots on which they are situate are required to be large enough, through minimum lot sizes and minimum floor areas, to have substantial value in order to produce greater tax revenues to meet school costs. Large families who cannot afford to buy large houses and must live in cheaper rental accommodations are definitely not wanted, so we find drastic bedroom restrictions for, or complete prohibition of, multi-family or other feasible housing for those of lesser income. ”

“ Several of those affiliates are now at various stages in creating community housing development organizations, the next step in solving housing problems for low-income and African-American households in their cities. ”

“ The claim has been made, especially in real estate circles, that, if the wage-earner would be willing to return to the home of his forefathers, where he enjoyed plenty of space, but had less elaborate plumbing, heating and electric equipment and appliances—what are popularly known as "modern conveniences"—he could once again be economically housed. Some critics cite the fact that even to-day most American farm houses lack mechanical improvements. In other words (it is claimed) what makes wage-earners' housing expensive is the cost of luxuries, not of necessities. ”

“ France has a growing demand for rental housing, a widening gap between demand and supply, and an acute housing shortage for middle- and low-income families. These characteristics make it an attractive destination for private equity firms who, after the interest shown in the SNCF portfolio, have turned their eyes to the French housing market. ”

“ We will adopt even more vigorous and effective policies and measures to stabilize market confidence and expectations, keep real estate investment stable, and promote steady and orderly development of the real estate industry. We will speed up implementation and improvement of policies and measures to promote development of low-income housing projects. Wewill strive to solve the housing problems of 7.5 million low-income urban families and 2.4 million families living in shantytowns in forests, on reclaimed land and around coalmines within three years. ”

“ Up to 4,000 leva can be borrowed for this purpose in urban areas and up to 3,000 leva in rural areas. This, however, covers less than one-half of the cost of a two-room apartment.
Although the increasing reliance on tenant-financed housing is helping to reduce the overall housing shortage, it has meant that most new housing units are built for the higher income groups. Cooperative apartments and private houses require a substantial initial investment and the assumption of a mortgage, which are beyond the means of most blue-collar and low-income white-collar workers. ”

“ Cities that are under big pressure from rising housing prices need to increase as appropriate the supply of land for residential use, and we should better regulate housing development, marketing, and intermediary services. ”