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Lafayette Parish in affordable housing crisis, Source - Coggle Diagram
Lafayette Parish in affordable housing crisis
Definition of AH
-Anywhere affordable housing becomes extremely scarce.
incomes
Large % of the community below the federal poverty threshold compared to fair market rents
developers
Lack of affordable rental properties or entry-level homes.
Due to developers chasing profits.
government regulation
Dysfunctional policies have broken America’s housing supply chain
government funding
Lack of rental subsidies "Rental Assistance"
Construction Cost
The most common challenges associated with rising construction costs and affordable housing are increased costs for materials, labor, and transportation, as well as supply-chain bottlenecks
How do we build affordable housing, with the help of government subsidies and government regulations.
Source
https://localhousingsolutions.org/housing-101-the-basics/4-reasons-why-housing-is-unaffordable/
https://www.hud.loans/hud-loans-blog/rising-construction-costs-affordable-housing-impacts/
https://www.cbpp.org/research/housing/addressing-the-affordable-housing-crisis-requires-expanding-rental-assistance-and#:~:text=Without%20rental%20subsidies%2C%20families%20are,impact%20on%20the%20housing%20market
.
https://www.cbpp.org/research/housing/addressing-the-affordable-housing-crisis-requires-expanding-rental-assistance-and#:~:text=Without%20rental%20subsidies%2C%20families%20are,impact%20on%20the%20housing%20market
.
https://www.gobankingrates.com/money/economy/southern-cities-that-could-be-poised-for-a-housing-crisis/
https://www.theadvocate.com/acadiana/news/business/panel-experts-see-promise-for-profitable-acadiana-in-2023/article_6ba4ac7e-9117-11ed-90c7-6f77a8e8a732.html