Tariff whiplash and HUD cuts could cripple affordable housing development
- Trump's tariffs and HUD cuts have jeopardized affordable housing developments.
- Rising labor and material costs, plus tariff uncertainty, strained project budgets.
- Developers face challenges including construction costs and insurance expenses.
- Martinez stated, "There are very little margins to make these deals pencil."
- Housing projects face delays, potentially disrupting 44,000 planned California units.
9 Articles
9 Articles
Tariff whiplash and HUD cuts could cripple affordable housing development
rblfmr // Shutterstock Tariff whiplash and HUD cuts could cripple affordable housing development President Donald Trump’s sweeping tariffs on foreign goods have affordable housing developers staring down the barrel of a gun. Not only have existing tariffs on steel, aluminum, lumber, home appliances, and other construction materials prompted fears of a recession, but threats of new tariffs have made an already-hurting housing market much more unc…
DEVELOPMENT: Five years in, is Mandatory Housing Affordability doing what it was expected to?
By Anne Higuera Reporting for West Seattle Blog Six years into the city’s efforts to have developers help meet the need for affordable housing, things aren’t turning out exactly as expected. Seattle’s Mandatory Housing Affordability (MHA) laws, which the City Council unanimously made citywide in 2019, were supposed to both provide more income-restricted units in market-rate buildings, and fund the construction of additional low-income housing. W…
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