Housing policy is too focused on rental homes That must change americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
by
SOFREP
9 hours ago
Share This:
Associated Press
The former governor of Missouri Eric Greitens is running for the U.S. Senate. Perhaps most importantly for
SOFREP readers, Greitens was also a Navy SEAL officer. For those who may be unfamiliar with his background, here is a brief primer. He was born in St. Louis, MO in 1974 and attended Duke University with a scholarship. While there he was selected as a Rhodes Scholar and a Truman Scholar. He received his Ph.D. from Oxford University where he wrote his dissertation on how international humanitarian organizations work with children around the world. He was also an accomplished athlete: A gold medalist in the BUSA national boxing championships; a sub-three-hour marathon runner; and a black belt and gold medalist sparring champion in Taekwondo.
Bank of America Community Development Banking, in partnership with Enterprise Community Partners, is investing $60 million – $30 million in loans and $30 million in equity financing – to support Enterprise’s Equitable Path Forward, a five-year initiative to help facilitate racial equality in housing.
April 30, 2021
SALT LAKE CITY - A new report warns that thousands of Utah seniors could lose their housing unless federal and state officials act to preserve existing senior housing subsidies.
Subscribe
The report, produced by AARP Utah, says over the next several years, millions of dollars in tax credits and block grants are set to expire, pushing vulnerable seniors out of affordable rental properties.
AARP Utah State Director Alan Ormsby said unless the rents are stabilized, property owners would be forced to charge current market rates, which could displace older people on fixed incomes.
Subscribe In Utah, we are in a statewide affordable housing crisis, said Ormsby. If the state loses over 40% of its federally subsidized rental units for low-income seniors over the next 25 years, more than 15% of those units could be lost by 2030.