United States Representative Adam Schiff (D-Calif.) is taking another shot at solving America’s housing crisis, this time through a proposal to convert government-owned buildings into affordable rental housing.
The Affordable Housing Conversion Act would allocate $1.25 billion over five years toward identifying and converting unused and underutilized government buildings into rental units geared toward households whose income is 50 to 80 below the area median income outlined by the Department of Housing and Urban Development (HUD).
Source: Inman News
California legislator proposes $1.25B affordable housing bill
Published in Adam Schiff, affordable housing, california, Government Facilities to Affordable Housing Conversion Act, homebuyers, housing crisis, Markets & Economy, national association of realtors, renters, residential conversion and Select
More from Adam SchiffMore posts in Adam Schiff »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regulator
- Fannie, Freddie close NY offices as Trump battles Letitia James
- Trump asks Supreme Court to remove Fed Governor Lisa Cook
- Fed Governor Lisa Cook can keep her job pending court appeal
More from affordable housingMore posts in affordable housing »
- New Fannie, Freddie housing goals may hurt working families
- Trump administration lays out 5-year goals for Fannie, Freddie
- Feds bust real estate execs in $25.9M scheme against homeless
- How buyer affordability education makes you the go-to agent
- 48% of Americans blame investors for ‘unreasonable’ housing costs
More from californiaMore posts in california »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Inman is celebrating 30 years of community, and you’re invited
- The inventory surge is sputtering. See how your market stacks up
More from homebuyersMore posts in homebuyers »
More from housing crisisMore posts in housing crisis »
- How 1 agent is fighting for fair housing in Big Sky Country
- Attorneys general pile onto Zillow-Redfin following FTC rental suit
- The American homeownership dream is primed for a comeback
- Pasadena ADU program offers second shot at affordable housing
- Former HUD Secretary: We need big ideas on affordable housing
More from Markets & EconomyMore posts in Markets & Economy »
- 53% of US homes lost value from 2024 — but it’s not a crash
- 8 reasons you should never recommend a 50-year mortgage
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
More from national association of realtorsMore posts in national association of realtors »
- NAR repeals policy requiring membership for MLS access
- Inside Nykia Wright’s master plan to fix NAR and rebuild trust
- Dawn of a new era: Here’s how NAR says it’s changing for its members
- NAR economist predicts post-shutdown real estate ‘boom’
- RateMyAgent and Curated Social merge to form Renowned platform
More from rentersMore posts in renters »
More from SelectMore posts in Select »
Be First to Comment