Affordable Housing Category Archives

San Francisco Mayor Calls for As-of-Right Development for Affordable & Teacher Housing

In London Breed’s first State of the City address as San Francisco’s mayor she announced plans for a charter amendment to make affordable and teacher housing development as-of-right in San Francisco. The charter amendment proposed for the November 2019 election, would allow 100 percent affordable and teacher housing proposals that comply with existing zoning laws to bypass the usual bureaucratic and appeals process that can result in long and costly delays.

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Forum on Transformative Development to Focus on HDIP in Opportunity Zones – Feb. 27

MassINC, the Massachusetts Smart Growth Alliance, and LOCUS are hosting a forum on Feb. 27, 2019 focused on stimulating transformative investment in Gateway Cities with the state’s Housing Development Incentive Program (HDIP) and federal Opportunity Zone Funds. The free event will run from 1-2:30 pm ET in the Massachusetts State House – Room 428 (24 Beacon St. Boston, MA 02133).

OHCS Housing Stability Council Meeting – Feb. 1

Oregon Housing and Community Services (OHCS) will hold a Housing Stability Council meeting will be on Friday, Feb. 1, 2019 from 9 am – 1 pm PT. Attendees can participate in person at OHCS (725 Summer St. NE, Salem, OR) in conference room 124 A/B or via phone: 1-877-273-4202; Participant Code: 4978330. The meeting materials packet is available here.

Economic and Fixed Income Insights, Jan. 29, 2019

The Federal Reserve voted unanimously to hold its policy rate in a range between 2.25-2.50%. The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet, in a substantial pivot away from its bias just last month toward higher borrowing costs. Bond yields were mostly stable ahead of the Federal Open Market Committee’s first meeting of 2019. The 10-year UST finished 3 basis points lower to yield 2.71%, while the 30-year UST was 2 basis points lower at 3.04%.  Tax-exempt yields ticked up slightly with both the 10-year and 30-year MMD 1 basis point higher for the week to yield 2.22% and 3.09% respectively.

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