Davidson News

Davidson News

Amazon Pledges $1.4 Billion for 14,000 Affordable Homes in Seattle, Nashville, and Washington

Amazon Pledges $1.4 Billion for 14,000 Affordable Homes in Seattle, Nashville, and Washington

Amazon has announced a substantial commitment of $1.4 billion through its Housing Equity Fund to construct 14,000 affordable homes in the Seattle, Nashville, and Washington metro areas. This new investment elevates Amazon’s total housing pledge to $3.6 billion. Amazon CEO Andy Jassy stated, “We hope that our additional commitment—coupled with other public and private resources—will … Read more

The Creative Renaissance of Hollywood: A New Era of Affordable Housing for Artists

Hollywood’s New Home for Artists Affordable Housing for Creatives According to ABC7, The Cicely Tyson building is now open in Hollywood. It’s a special place where artists and entertainers can live. The building has 152 apartments, and they’re all affordable. You can rent a studio for $600 a month or a three-bedroom apartment for $2,400 … Read more

Wichita City Council Considers Incentives for Affordable Housing

Wichita City Council Considers Incentives for Affordable Housing

In an effort to address the pressing need for affordable housing in Wichita, Kansas, the city council is set to vote on a proposal that could significantly impact the development of low-income housing projects. The proposed incentive aims to assist developers in securing funding to either construct new affordable housing units or renovate existing ones. … Read more

Illinois’ Affordable Housing Drive A Beacon of Hope Amidst Homelessness Struggles

Illinois Advocates Rally for Affordable Housing Solutions Amidst Homelessness Concerns Innovative Tax Credit Proposal Aims to Boost Affordable Housing Construction in Illinois According to Our Quad Cities, in Illinois advocates are pushing for affordable housing to address homelessness. They’re proposing a tax credit system mirroring a successful federal program, to incentivize builders and investors to create … Read more

Cottonwood City Council Supports Tax Credits for Verde Plaza Affordable Housing Project

Cottonwood City Council Supports Tax Credits for Verde Plaza Affordable Housing Project

During its recent session, the Cottonwood City Council took a decisive step in addressing the pressing need for affordable housing in the area. The council voted to endorse an application for low-income housing tax credits (LIHTC) to facilitate the construction of additional affordable apartment units as part of the ongoing development of the Verde Plaza … Read more

Massachusetts Allocates Millions for Shelter and Housing Amidst Overwhelming Demand

Massachusetts Allocates Millions for Shelter and Housing Amidst Overwhelming Demand

Massachusetts is ramping up efforts to address the pressing issue of homelessness and affordable housing, allocating millions of dollars to bolster shelter capacities and fund income-restricted homes. With the state grappling with an influx of migrants and an extensive waitlist for shelter accommodations, legislative action and local initiatives aim to provide relief to vulnerable families. … Read more

Affordable Housing Initiative in Indiana Receives $5 Million Tax Credit Boost

Affordable Housing Initiative in Indiana Receives $5 Million Tax Credit Boost

In a bid to address the pressing issue of affordable housing in Indianapolis, Intend Indiana, a local community development nonprofit, has secured a significant financial boost. The organization recently announced the receipt of $5 million in New Market Tax Credits, marking a crucial step towards their mission of providing affordable homes in the region. New … Read more

Pittsburgh Housing Authority Overwhelmed by Surge in Subsidized Housing Voucher Applications

The Housing Authority of the City of Pittsburgh finds itself inundated with applications for subsidized housing vouchers, revealing the severe shortage of affordable housing options in the city. Since the commencement of applications on Monday, the authority has been swamped, with over 7,000 submissions within the first 36 hours alone. Jala Rucker, a commissioner on … Read more

New Jersey Lawmakers Push Bill for Affordable Housing Near Transit and Stores

In a bid to address New Jersey’s shortage of low-income housing, state lawmakers have passed a bill aimed at encouraging towns to adopt innovative solutions. The legislation, which recently cleared the state Assembly with a 51-28 vote, introduces significant changes to how affordable housing requirements are assigned and enforced. Under the proposed bill, incentives are … Read more