House Money is Nashville Business Journal’s examination of real estate stories and trends around the country, putting Middle Tennessee’s explosive growth in the context of the national market.
A new program backed by the Chicago Low-Income Housing Trust, The Bail Project and the Lawndale Christian Center will help people released on individual recognizance pay rent or find housing. The goal is to help minimize recidivism by providing stable housing to those in need. This story by the Chicago Sun Times details how the project came to be and how stable housing can help keep people from breaking the law.
Real estate is often considered a safe investment, but in the face of growing inflation some are asking if now is the right time to invest. This story from Forbes breaks down how a higher cost of living is forcing some people into the rental market, providing a steady base for landowners looking to rent their property, contrasted against the risks and benefits of buying a home.
While questions of a recession still abound, inflation is real, and its impacts are already being felt. This recent article from The Hill examines how America’s housing shortage is likely to get worse as a result of inflation even though home sales across the country have declined for the last few months.
California has one of the worst housing shortages in the country, and the greater Los Angeles area especially is feeling the effects, with a massive and ever-growing population of homeless residents. This story from the Los Angeles Times details how smaller cities in Southern California are having a greater success in getting unhoused residents into homes, especially in how quickly they are able to issue housing vouchers.
Meanwhile, homeless residents in Los Angeles are facing greater barriers to housing. This story from Yahoo! News breaks down the shortcomings of the Housing Authority of the City of Los Angeles, which has let thousands of housing vouchers go unused – the documents have been issued but residents allege the agency hasn’t helped the recipients get into housing as it is intended to do.
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