Tag: housing

Converting Parking Lots to Homeless Encampments Brings Mixed Results

The Center Square

As municipalities across the United States consider acquiring and converting parking lots into homeless encampments with social services, some oppose the programs, citing high costs and poor safety, while others promote them as better than sidewalk encampments and a stopgap measure as more overall housing is built.

In California, whose homelessness programs serviced 315,487 different individuals in 2022, faces a 4.5 million home shortage and is adopting alternative housing options that states and local governments across the country are now considering and implementing on their own. One such program is the conversion of parking lots to homeless housing options, whether so-called “safe sleeping sites” where homeless can park their cars or set up tents and receive services, or more involved accommodations such as city-provided RVs. 

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Commentary: America’s Housing Conundrum

Connecticut Star Staff

Americans who already own homes find themselves in an enviable position presently, particularly if they have little/no debt on them, or mortgages locked-in at super low rates that dominated the pre-lockdown years. But for the aspirational strivers in society – newlyweds or parents having more children, or the upwardly mobile entrepreneur seeking a better house – the present housing crisis presents a conundrum.

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Economists: Buying a Home May Not Get Any Cheaper Even If the Economy Tanks

Admin

Despite expecting a recession and reduced inflation that would ordinarily put downward pressure on prices in 2023, a critical shortage of housing means prices are unlikely to change much, two economists told the Daily Caller News Foundation.

The median sales price for existing homes increased 6.6% in October compared to the same month in 2021, jumping to $379,100, according to the National Association of Realtors (NAR), primarily due to demand outstripping supply, according to both Nadia Evangelou, senior economist and director of real estate research at the NAR, and E.J. Antoni, economist at the Heritage Foundation. The inventory of unsold existing homes fell to 1.22 million in October, down 10,000 from September 2022, and less than the 1.39 million unsold existing homes in December 2019, according to the National Association of Realtors.

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Connecticut Renters Struggle to Find Affordable Housing

The Center Square

Renters in Connecticut are short on options with prices soaring.

“Currently, Connecticut has a shortage of 85,000 units of affordable housing for those families that earn an income of 80% or below the AMI,” Renée Dobos, CEO of Connecticut Housing Partners, told The Center Square. AMI is an acronym for area medium income.

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Zoning Legislation Stirs Controversy in Connecticut

Bradley Vasoli

Democrats in Connecticut’s state House of Representatives are offering legislation they say will facilitate affordable housing and “racial justice,” though opponents of the measures say they will merely hamper local control of development.

One bill would mandate that municipalities permit housing containing a minimum of 15 dwelling units per acre within half-mile radiuses of rail stations. At least 10 percent of the units in such areas would be required to meet the state’s definition of affordable housing, i.e. that it costs an occupant no more than one third of his or her annual income. 

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