Federal Reserve: Assessing the Severity of Rent Burden on Low-Income Families
Jeff Larrimore, Board of Governors of the Federal Reserve System,1 and Jenny Schuetz, Brookings Institution Housing costs are a severe financial burden to many low-income families. The typical renter in the bottom quintile of the income distribution spends more than half of monthly income on rent and has less than $500 dollars left after paying…
FEMA: Manufactured Housing Options Fact Sheet
Temporary housing options including Manufactured Housing Units (MHUs), Travel Trailers and non-motorized Recreational Vehicles (RVs) may be available for Texans recovering from Hurricane Harvey. The use of manufactured housing units, travel trailers or non-motorized RVs are some housing solutions available for Texans after Hurricane Harvey. FEMA determines if applicants are eligible and pairs them with…
FDIC: History of the Agency’s Response to the Financial Crisis Publication Released
The Federal Deposit Insurance Corporation (FDIC) on Monday released a history of the financial crisis focusing on the agency’s response and lessons learned from its experience. Crisis and Response: An FDIC History, 2008–2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises—first, the…
FHFA: Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for Duty to Serve Program Published
The Federal Housing Finance Agency (FHFA) today published Fannie Mae’s and Freddie Mac’s (the Enterprises) Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans become effective January 1, 2018. FHFA issued a final rule on December 13, 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic…
Census Bureau: Communting Times, Median Rents and Language other than English Use
New American Community Survey Statistics Provide Local Data for Every Community Nationwide DEC. 7, 2017 — The nation experienced an increase in commuting time, median gross rent and a rise in English proficiency among those who spoke another language. These are only a few of the statistics released today from the U.S. Census Bureau’s 2012-2016…
HUD: Homelessness Declines in Most Communities with Increases Reported in High-Cost Areas
Lack of affordable rental housing in Los Angeles and NYC driving increases nationally WASHINGTON – Homelessness crept up in the U.S., especially among individuals with long-term disabling conditions according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2017 Annual Homeless Assessment Report to Congress found that 553,742…