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By 2040, the number of households headed by individuals aged 80 and over is expected to double, making it imperative that the U.S. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 million older people spent more than 30% of their income on housing. address the issue of aging in place. 1688 / H.R.
Based on the states estimated population growth, nearly 60,000 additional units of housing are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.
Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. By 2040, it is estimated that 20 percent of the population will be over 65 years old,” said HUD Secretary Marcia Fudge in August 2022.
Looking forward, US Census data projects that more than one in four Americans will be Latino by 2060, and the Urban Institute expects Latinos to drive 70% of new homeownership growth between 2020 and 2040. The National Association of Hispanic Real Estate Professionals (NAHREP) estimates there are 8.3
EVs are expected to make up a majority of new car sales worldwide by 2040, according to one report. I developed a guide called Smart-home Technology: Planning and budgeting for the newest advances in safe living. There are about 130,000 stations in the U.S. today, including some 4400 in Washington, the sixth-most among the 50 states.
The combination of extremely high home prices and regulatory reform have turned this corner of the country into an ADU laboratory of sorts, with plenty of “formulas” being developed today to “grow” more desperately needed homes. Off-street parking will be determined by local municipalities and based on distance to public transit.
Based on the states estimated population growth, nearly 60,000 more housing units are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.
A Pew survey released in late 2023 shows strong public support for 10 policies that have been enacted by various states or localities that encourage the development of more lower-cost housing. These changes culminated in Minneapolis 2040, a plan that took effect in 2020, and codified the city’s commitment to expanding its housing supply.
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