March 17, 2021 | 8:17 pm Font Size
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THE HOUSING backlog is expected to require up to P130 billion to close the deficit of about six million units, a legislator said at a virtual briefing Wednesday.
Representative Jose Francisco B. Benitez of Negros Occidental’s third district said the housing agencies are estimating a requirement of between P100 billion and P130 billion to address the backlog.
Mr. Benitez said it may take “15 to 20 years” to meet the demand for housing.
Mr. Benitez heads the House Committee on Housing and Urban Development which adopted House Substitute Resolution No. 1458 declaring a housing crisis.
The demand between 2016 and 2020 was 6.7 million units, of which only 770,000 were constructed.
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Forty-one organizations, including several from northcentral Wisconsin, are being awarded just over $1 million in grants from the Wisconsin Housing and Economic Development Authority (WHEDA).
According to a press release, the grants are meant to help âimprove housing for community members, inducing individuals with disabilities, survivors of domestic abuse, individuals with chronic mental illness, those with incomes at or below 30 percent of the area median income and youth experiencing homelessness.â
Organizations receiving the grants include nonprofit agencies, local governments and tribal authorities serving low-income or disadvantaged populations including homeless people, runaways, youths in out-of-home placement, people with alcohol or drug dependencies, people in need of protective services, frail elderly residents and people living with HIV disease, among others.
Over $1M Announced for Emergency, Low-Income Housing in Wisconsin By Kevin Schwaller Madison
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MADISON – Gov. Tony Evers announced on Monday that 41 organizations from Ashland to Janesville, to Eau Claire to Green Bay, will share approximately $1 million in grants from the WHEDA Foundation as they work to provide emergency shelter, transitional residences, and extremely low-income housing.
Administered by the Wisconsin Housing and Economic Development Authority (WHEDA), the WHEDA Foundation grants improve housing for community members, including those with disabilities, survivors of domestic abuse, individuals with chronic mental illness, those with incomes at or below 30%t of the area median income, and youth experiencing homelessness.