Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Sunday’s violent episode at Greenwood Park Mall did not end like the majority of mass shootings in this country, with the assailant’s arrest, suicide or death at the hands of police officers.
Lt. Gov. Suzanne Crouch and The Indiana Housing and Community Development Authority on Tuesday announced a new partnership with the Indiana Bar Foundation to provide legal services for Hoosiers facing eviction.
The grant funds will go toward hiring and supporting facilitators in the courts. Those individuals will provide tenants and property owners with information about eviction diversion programs and emergency rental assistance.
The landlords are many months and more than $2 million behind on utility bills, putting more than a thousand households at risk of homelessness should Citizens Energy Group cut utility services to the complexes.
Not-for-profits of all kinds are getting hurt by inflation, experts say. Price and wage increases are stressing them in multiple ways, making it harder to keep up with their own basic operational expenses while also forcing them to curtail the services they provide.
The debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds.
Evans says he feels mostly shut out of the Democrat-controlled council despite “speaking for a wide progressive base who wants these very solutions implemented.”
When the economic downtown inevitably occurs, lender liability claims will surely follow.
The justices, in arguments Monday, are taking up an appeal from 19 mostly Republican-led states and coal companies over the Environmental Protection Agency’s authority to limit carbon dioxide emissions from power plants.
The Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households.
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. Indianapolis-area rents have seen a smaller, but still significant, jump.
City officials say they’re focused on a “test case” nuisance lawsuit and funding a range of programs to tackle persistent challenges with habitability, affordability and legal aid for tenants.
The National Housing Law Project, in a survey last fall of nearly 120 legal aid attorneys and civil rights advocates, found that 86% of respondents reported cases in which landlords either refused to take assistance or accepted the money and still moved to evict tenants.
With so few units to go around and so many Hoosiers spending over half of every paycheck on rent, Indiana’s lack of tenant protections puts the state out of step with many peers and makes it too easy for the worst actors to unnecessarily drain resources from the entire community.
Distribution of rental assistance is the single most effective way to keep struggling tenants housed.
In Indianapolis, rents increased 9% last year, to $1,280 per month. But in some cities, rent jumped by more than 40%.
After saying last week that the 40-year-old stand-up club was history, owner Ruth-Anne Herber announces a change in plans.
These unique times present an opportunity to help landlords identify otherwise good tenants who fell on tough times.
Owner Ruth-Anne Herber said the club, which presented early-career performances by Jay Leno, Garry Shandling and Bob Saget, can’t overcome financial challenges.