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.
West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) has received $13.67 million over five years in U.S. Department of Agriculture Rural Development (USDA RD) funding through the USDA RD Mutual Self-Help Housing Program to support single-family home construction and to help prepare rural residents for homeownership. The contract will support RCAC’s work with nonprofit organizations, housing authorities and tribal housing authorities to develop affordable housing in the rural West.
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.
Four months ago, after wild fires destroyed hundreds of homes in Sonoma County, many low-income seniors were left without homes and placed in temporary housing. Many have yet to find permanent lodging, according to the San Francisco Chronicle.
America’s housing crisis continues with no end in sight. As rents increase threefold over wages, more than 11 million families spend more than half of their pay for housing. According to Huffington Post, nine foundations formed a partnership to fund policy, advocacy and organizing to increase access to affordable housing for low-income families and those facing homelessness.