The Affordable Housing Finance editorial advisory board recently weighed in on major factors that are likely to influence the industry in 2020. They cited five key indicators to watch in the coming year …
Low-income residents renting homes in rural areas face an ever shrinking supply of affordable housing, which experts say will only worsen in the coming years.
Tools and resources that help preserve affordable housing face continuous challenges, leaving more than a million units at risk. The contracts that maintain affordability for low-income apartments will expire during the next 10 years, including 530,000 units with U.S. Department of Housing and Urban Development (HUD) project-based rental assistance.
Rural youth homelessness, according to government records, is on the rise in California. The California Department of Education (DOE) reports that the while the number of homeless young people increased 20 percent statewide from 2014 to 2016, the rate of young homeless people in many rural areas jumped more significantly.