This announcement will result in more than 26,400 affordable housing units, including more than 25,600 rental units and more than 750 homeownership units. Since its establishment by the Housing and Economic Recovery Act of 2008, the Capital Magnet Fund has created over 63,000 affordable homes, including more than 55,600 rental housing units and 7,400 homeowner-occupied units.
This is a fucking joke.
Less than 100k homes in a decade and a half, as increasing home and rental costs are basically the primary driver of everyone who is not super wealthy’s financial woes… but don’t worry we bailed out all the businesses in 08 that are incapable of due diligence and all should have had their Boards go to fucking prison for fraud.
Wow 26,400!
What’s the estimated shortage of houses?
https://www.cnn.com/2023/03/08/homes/housing-shortage/index.html
https://www.jchs.harvard.edu/blog/estimating-national-housing-shortfall
https://www.npr.org/2024/04/23/1246623204/housing-experts-say-there-just-arent-enough-homes-in-the-u-s
… Somewhere between 4 to 7 million?
This is a fucking joke.
Less than 100k homes in a decade and a half, as increasing home and rental costs are basically the primary driver of everyone who is not super wealthy’s financial woes… but don’t worry we bailed out all the businesses in 08 that are incapable of due diligence and all should have had their Boards go to fucking prison for fraud.