New Updates on The Edge
HUD's Office of Policy Development and Research
PD&R’s online magazine, The Edge, provides you with a snapshot view of our newly released research, periodicals, publications, news, and commentaries on housing and urban development issues. Stay informed on current topics and check back frequently, as our content is routinely updated.
In June, Enterprise Community Partners hosted three HUD officials and five local government representatives at a webinar titled “Innovative Partnerships for Affordable Housing: Working Together to Respond, Stabilize and Recover,” in which panelists discussed federal housing resources, the impact of the COVID-19 pandemic on housing, and plans to ensure equity in affordable housing.
In the Trending article, HUD’s Veronica Helms Garrison and Janet Li discuss the Advance Child Tax Credit authorized by the American Rescue Plan (ARP) Act of 2021. The ARP increases the amount of fully refundable tax credit that families with children are eligible to receive for each child in 2021. On July 15, 2021, many families began receiving half of the credit in monthly advance payments of $300 for each child aged 5 and younger or $250 for each child aged 6 to 17.
The Johnson Ranch Development in Rapid City, South Dakota, includes 77 single-family homes, a group home for youth aging out of foster care, apartments associated with the group home, a community center, and a public park with a recreation center. Developer Dream Design International secured a zoning variance from the city, allowing smaller lot sizes than would otherwise be permitted, and was able to sell many houses at prices below the area’s median home value.
Spotlight on PD&R Research: All-Time High Home Sales Prices and Resumption of Economic Activity in Northern New Jersey
The most recent article in a series focusing on HUD’s Comprehensive Housing Market Analyses examines the Bergen-Hudson-Passaic, New Jersey Housing Market Area (HMA) in northern New Jersey. This HMA was hit especially hard by the COVID-19 pandemic, but has a positive outlook as economic activity begins to return to pre-crisis levels. Nonfarm payrolls are expected to increase by 2.4 percent annually over the next 3 years. The home sales market is slightly tight, with prices at an all-time high for the area. The rental market is slightly soft.
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Posted August 25, 2021