Affordable Housing Development Advances in Fort Worth, San Diego, North Carolina, Kenya

Efforts to expand affordable housing are gaining momentum across various regions through innovative partnerships, financing programs, and development initiatives. In Fort Worth, a new Community Developers Roundtable program connects nonprofit and for-profit real estate developers with capital and strategic support to build smaller, community-focused affordable housing projects, replicating success from Dallas where nearly $125 million in development activities occurred. San Diego Unified is leveraging its district-owned land to foster affordable workforce housing, receiving 15 proposals for five sites that could yield up to 1,500 units, part of a broader statewide effort to address California’s housing crisis by building on school properties. North Carolina is utilizing federal tax credits, tax-exempt bonds, and state loans to finance the construction and rehabilitation of over 5,000 affordable apartments, addressing a significant state housing shortage. Internationally, Kenya’s Property Developers Association has partnered with the Kenya National Chamber of Commerce and Industry to advocate for policy reforms and new financing models to tackle a growing housing deficit fueled by rapid urbanization and rising prices. These diverse initiatives highlight a multi-faceted approach to addressing affordable housing shortages through collaboration, financial innovation, and targeted development.