Search results
Results from the WOW.Com Content Network
An estimated 8.8 million Americans are behind on their rent, according the Consumer Financial Protection Bureau. While relief efforts have staved off some of the housing crisis, rent is still ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
According to the National Bureau of Economic Research, the number of rental units was reduced by 15% and tenants were 8-9% less likely to move due to rent control. [55] Tenants paid 40% below market rates on their units, and the value of properties was diminished by 45%. [55]
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
The El Cajon complex had been sold, according to research firm CoStar and commercial loan reports, to a giant real estate investment fund managed by the private equity firm Blackstone.
Finding an affordable place to live is one of the most important financial decisions we make. With housing costs rising in many areas, it's critical to find a rental that fits within your budget.
Guren and McQuade (2020) argue that widespread foreclosures can interact with the housing market to amplify declines in asset prices, leading to prices below levels determined by fundamentals: "When the housing market is hit by a shock that lowers housing demand and induces some foreclosures — for example a drop in employment . . . the ...
A continued decline in rents wouldn't just be welcomed by the people paying them. It's also good news for the Federal Reserve, which has been raising interest rates to slow price increases.