Lafayette Parish in affordable housing crisis

Definition of AH
-Anywhere affordable housing becomes extremely scarce.

incomes

developers

government regulation

government funding

Source

https://localhousingsolutions.org/housing-101-the-basics/4-reasons-why-housing-is-unaffordable/

Construction Cost

https://www.hud.loans/hud-loans-blog/rising-construction-costs-affordable-housing-impacts/

Large % of the community below the federal poverty threshold compared to fair market rents

Lack of affordable rental properties or entry-level homes.
Due to developers chasing profits.

Lack of rental subsidies "Rental Assistance"

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.

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

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.

Dysfunctional policies have broken America’s housing supply chain

How do we build affordable housing, with the help of government subsidies and government regulations.

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