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Affordable Home Funding

Alderville gets funding for affordable housing from CMHC

A First Nations family now has an affordable, energy efficient home. Habitat for Humanity in Windsor-Essex partnered with Can-Am Urban Native ...

ABA urges Senate not to weaken Medicaid through Affordable Care Act repeal bill

The association specifically expressed concern about therepeal of the Affordable Care Act—with or without a replacement; opposed conversion of federal Medicaid funding into block grants, opposed calculating Medicare funding according to the urban consumer price index rather than the medical CPI; and opposed per capita caps on federal funding to states.

Medicaid funding was expanded under the ACA (more commonly known as “Obamacare”). The letter says this insured 11 million Americans who were previously uninsured. By contrast, the Congressional Budget Office has said that the Senate bill the letter opposes will leave 22 million people uninsured by 2026.

The proposed funding changes would likely mean less federal money for Medicaid, the letter says. Per capita spending caps would leave the government unable to respond to changing economic conditions in any particular state, and also can’t account for projected increases in the cost of care. Changing the cost index away from CPI-Medical would make the program unable to account for rising costs. All of this is complicated by the fact that the population of older people is expected to grow, it says.

Time for action, tangible results on affordable housing needed ...

The County Council continually seeks both effective and sustainable solutions, but they have not come easy.

In an effort to mandate affordable homes, a Residential Workforce Housing Ordinance was passed in 2006, requiring new developments to have at least 50 percent of their project be affordable homes. This law, although great in concept, placed the burden of affordable housing creation on private developers.

Many developers concluded building homes under these requirements was simply not viable and new inventory was stifled. Only one project moved forward and generated a net increase of only three single-family units.

The unintended consequences led the council to re-examine the law in 2014 and reduced the requirement to 25 percent. The results from the change must be closely monitored, but policy is only one piece of the puzzle.

Since 2008, the county has annually allocated 2 percent of real property taxes to an Affordable Housing Fund with the purpose of protecting and expanding affordable housing. In the early years, much of the fund was granted to entities such as Na Hale O Maui or Habitat for Humanity to assist with projects.

Which investment funds would invest in a profitable affordable home building company in an emerging market?

None; a publicly traded home builder in emerging markets in a beast virtually unheard of.