New Updates on The Edge

Message from PD&R Leadership:
Public-Philanthropic Partnerships Combat Homelessness in Southern California
In the leadership message, director of PD&R's Office for International and Philanthropic Innovation Cynthia F. Campbell describes the worsening problem of homelessness in Los Angeles County and the Southern California region, providing statistics to quantify the situation, and discusses the philanthropy roundtable set up by her office to brief participants on successes of four local public-philanthropic partnerships operating in Los Angeles. The roundtable was held prior to the 2018 National Conference on Ending Family and Youth Homelessness this March in Los Angeles.

In Practice:
Vacant Building in Detroit Redeveloped as Affordable Housing
Opened in December 2016, the newly rehabbed Treymore Apartments provide 28 affordable units to low-income households in Detroit's Midtown neighborhood. The $6.5 million renovation, developed by the Paradise Valley Investment Group, transformed a long-vacant historic property into one- and two-bedroom loft-style apartments. With the neighborhood undergoing revitalization and a tightening housing market, affordable developments like Treymore are important to prevent lower-income residents from being priced out of their neighborhoods.

Spotlight on PD&R Data:
Reduced Housing Inventory Results in Low Vacancy Rate and High Sales Prices in Springfield, Massachusetts
The latest article in a series focusing on HUD's Comprehensive Housing Market Analyses examines the Springfield, Massachusetts Housing Market Area (HMA). This HMA has been experiencing steady employment growth since 2010, with the education and health services sector leading the growth. Both the housing sales and rental markets are slightly tight, with vacancy rates of 1.3 and 4.2 percent, respectively. The 3-year economic outlook anticipates growth in both sectors of the housing market.

Please send your comments and suggestions to editor@huduser.gov.