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May 5, 2025April 2025 brought significant developments in affordable housing across the United States. From legislative initiatives to innovative housing solutions, communities and policymakers are actively addressing the nation’s housing challenges. Here are ten notable stories from this month:
1. Nashville Unveils 10-Year Unified Housing Strategy
On April 29, Nashville Mayor Freddie O’Connell introduced a comprehensive plan to address the city’s housing crisis.The strategy aims to build 90,000 new homes over the next decade, including 20,000 units designated for individuals and families earning 60% of the area median income. The plan emphasizes collaboration across Metro agencies to streamline housing efforts. More on AxiosAP News+3Axios+3The Current+3
2. Savannah Approves Zoning Changes to Boost Affordable Housing
Savannah’s City Council approved a new affordable housing overlay district, relaxing zoning restrictions on over 400 acres south of downtown. The measure allows for higher-density developments, such as duplexes and apartment buildings, provided they meet affordability criteria. This initiative aims to alleviate the city’s mounting housing crisis.More on The Current GAThe Current
3. Affordable Housing Credit Improvement Act Introduced in House
In April, the U.S. House of Representatives introduced the Affordable Housing Credit Improvement Act of 2025. The bill proposes enhancements to the Low-Income Housing Tax Credit program, potentially financing nearly 1.6 million additional affordable rental homes over ten years. Key provisions include increasing credit allocations and reducing financing thresholds. More on NovogradacNovogradac
4. Neighborhood Homes Investment Act Reintroduced
The Neighborhood Homes Investment Act was reintroduced in the House, aiming to revitalize distressed housing markets by providing tax credits for the construction or rehabilitation of single-family homes in underserved communities. The act seeks to expand homeownership opportunities and address widespread property vacancies. More on Community ProgressCenter for Community Progress
5. HUD Releases New 2025 Income Limits
On April 1, the U.S. Department of Housing and Urban Development (HUD) released updated income limits for 2025, determining eligibility for various affordable housing programs. The changes reflect significant increases across many regions, potentially expanding access to housing assistance for numerous households. More on Affordable Housing HeroesAffordable Housing Heroes
6. April Housing on Track to Become Largest Preserver of Affordable Housing
April Housing, a Blackstone Real Estate portfolio company, announced it preserved over 1,500 affordable housing units in 2024 and is on track to become the largest preserver of affordable housing in the U.S. in 2025. The company secured affordability for these units for the next 30 years, just before existing agreements were set to expire. More on April HousingApril Housing
7. Connecticut Receives Failing Grade in Housing Affordability Report
A recent Realtor.com study ranked Connecticut 45th nationally in home affordability and construction. The state received a failing grade due to restrictive zoning laws and a low ratio of building permits to population, highlighting challenges in meeting housing demand. More on CT InsiderCT Insider
8. Hays County Challenges Tax Exemptions for Out-of-County Nonprofits
Hays County, Texas, obtained a temporary restraining order to prevent two out-of-county nonprofits from acquiring more apartment complexes and seeking tax exemptions. The county argues that these acquisitions exploit state laws, potentially resulting in significant revenue losses and undermining local housing efforts. More on Express NewsSan Antonio Express-News
9. Toledo Emerges as Top U.S. Housing Market
Toledo, Ohio, has been identified as the top housing market in the U.S. for spring 2025, according to a Wall Street Journal/Realtor.com ranking. The city’s affordability, with average home prices nearly $200,000 below the national median, and strong demand have contributed to its rise, despite challenges like a 6.6% unemployment rate. More on New York PostNew York Post
10. West Hartford Nonprofit Advances $100M Affordable Housing Expansion
West Hartford Fellowship Housing is progressing with a $100 million redevelopment of its affordable housing campus on Starkel Road. The project aims to modernize facilities and increase the number of units available to seniors and adults with disabilities, with the first phase nearing completion and a grand opening planned for June. More on CT InsiderCT Insider
Stay tuned for more updates on affordable housing developments in the coming months.