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Based on “Affordable Housing”.

Despite California’s severe housing shortage, lawmakers limit construction

California lawmakers have softened a bill that called for more housing construction in a state that has a severe affordable home shortage.

Senate Bill 828 mandated that cities and counties set aside land for twice as much housing units as needed to make up for years of too little construction. But California legislators amended the bill

Carson City, Nevada says planned housing construction isn’t coming fast enough

Several new housing development projects are either underway or are being planned in Carson City, Nevada. This comes just as the city’s housing needs are at an all-time high. A new study by Nevada Rural Housing Authority (NRHA) estimates that Carson City has a population of 54,997, with 21,692 households. The median housing value is $241,921 and median rent in Carson City is $927/month.

RCAC awarded $2.5 million in U.S. Treasury CDFI fund grants

West Sacramento, Calif. — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded Rural Community Assistance Corporation (RCAC) $2.5 million through its Capital Magnet Fund (CMF). RCAC is among 25 CDFIs and 15 nonprofit housing organizations that received a CMF award.