• January 04, 2017

    2011 Housing Credit Utilization Chart

  • January 04, 2017

    2014 Housing Credit Utilization Chart

  • May 16, 2016

    At last measure in 2013, over one in four renters, or 11.2 million renter households, were
    severely burdened by rents that took up over half their incomes. This total represented
    a slight reduction from the record level of 11.3 million set in 2011, but remains
    dramatically higher than the start of the last decade, having risen by more than 3 million since
    2000. With substantial growth in renter households expected over the next decade and little sign
    of a turnaround in the income and rent trends that produced these record levels of cost burdens,
    there is little prospect for substantial improvement in these conditions over the coming decade.

  • May 16, 2016

    One telling indicator of the state of the nation’s housing is the drop in the homeownership rate to just 64.5 percent last year, erasing nearly all of the increase in the previous two decades. The number of homeowners fell for the eighth straight year, signaling persistently weak demand in this key market segment. And the trend does not appear to be abating, with the national homeownership rate down to 63.7 percent in the first quarter of 2015.

  • May 16, 2016

    The decade-long surge in rental demand is unprecedented. In mid-2015, 43 million families and individuals lived in rental housing, up nearly 9 million from 2005—the largest gain in any 10-year period on record. In addition, the share of all US households that rent rose from 31 percent to 37 percent, its highest level since the mid-1960s.

  • May 16, 2016

    The data in Out of Reach is sobering. In my home state of Oregon, and in communities across the country, working families searching for affordable rental units find little to nothing in their price range. There simply isn’t enough reasonably priced, decently maintained housing to meet the demand, and rapidly rising rents outpace wages. As a result, one out of four households spends more than half their income on housing costs. People with low or fixed incomes face even bleaker situations

  • March 24, 2016

    The United States and Washington state face an affordable housing and homelessness crisis. There are nearly four million extremely low-income Americans who lack access to an affordable housing option in this country, including 170,000 in Washington state. Half a million people are homeless in this country on any given night, including nearly 20,000 in Washington state, a 10% increase over the past two years.

  • October 27, 2015

    This first-of-its-kind report analyzes the program’s economic impact in all 50 states and features over 100 HOME Success Stories from communities across the nation.

  • September 24, 2015
    Neighborworks.jpg

    The National Foreclosure Mitigation Counseling (NFMC) Program was launched in December 2007 with funds appropriated by Congress to address the nationwide foreclosure crisis by dramatically increasing the availability of housing counseling for families at risk of foreclosure. In just over seven and a half years, the NFMC Program has served more than 1.9 million homeowners at risk of foreclosure and helped build the nation’s foreclosure counseling capacity.

  • April 29, 2015

    The long-awaited activation of the National Housing Trust Fund (NHTF) program, which will primarily be targeted to rental housing for extremely low-income (ELI) households, represents an important new opportunity for states to begin shaping the future of our nation’s ELI housing policies, including a robust expansion of integrated permanent supportive housing (PSH) units for the most vulnerable ELI populations. Over the past decade, in response to the enormous and growing demand for PSH, a number of state housing agencies – including Pennsylvania, North Carolina, and Illinois – have successfully pioneered new ELI financing approaches to increase the supply of integrated PSH units. This report documents innovative ELI financing strategies developed by these three states which could be adapted for NHTF capital and operating subsidy funding to begin closing the enormous gap in ELI and PSH supply in 2016 when these new funds become available to states (April 2015).