We prepared this short video explaining our affordable apartments/commercial space project in downtown Lancaster, Pennsylvania. Zoning approval has been received and we are marching forward with all the things we need to prepare for building permits!
President Biden proposes to “produce, preserve, and retrofit more than a million affordable, resilient, accessible, energy-efficient and electrified housing units” through a variety of tax credits, formula funding, grants and project-based rental assistance. These units will be available to households in underserved areas, rural and tribal communities.
Right now, millions of Americans lack access to a safe and stable supply of affordable housing. According to the National Low-Income Housing Coalition, the United States needs a minimum of 7.2 million more affordable housing units.
According to the Washington Post (January 2, 2020), the ‘nation is in the grip of an affordable housing crisis’. This has been an issue for decades, and the financial crisis that is following the Coronavirus hasn’t helped at all.