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US Rouen: Inflation complicates access to housing dedicated to students

21:33  04 august  2022
21:33  04 august  2022 Source:   20minutes.fr

White House rewrites rules to push more affordable housing with COVID-19 rescue funds

  White House rewrites rules to push more affordable housing with COVID-19 rescue funds Cities and states have greater flexibility to use American Rescue Plan funds on affordable housing under new Biden administration changes.New guidance from the Treasury Department Wednesday gives local and state governments greater flexibility to address affordable housing with their share of $350 billion in direct aid from the American Rescue Plan – President Joe Biden's signature COVID-19 stimulus law that Democrats in Congress passed in March 2021.

few goods are still available for rental

Les négociations avec les propriétaires sont moins simples (illustration). © Francois45140 / Pixabay Negotiations with the owners are less simple (illustration). Immobilier- Few goods are still available for rental

The situation is increasingly tense for students still looking for accommodation for rent in Rouen (Seine-Maritime) for the start of the 2022- 2023. Laters are likely to have trouble finding the good of their dreams since the vast majority of homes intended for students in the city have already been rented, indicates a professional cited by France Bleu Normandie .

However, future tenants did not all have the opportunity to sign leases in June or July, as did those who wanted to make sure to have an accommodation. In question, inflation, which lowered the purchasing power of families and sometimes increase the price of apartments rents.

What the Treasury is doing to address the housing shortage

  What the Treasury is doing to address the housing shortage The Treasury Department is making moves to address the shortage of affordable housing across the U.S. — an issue that has only been exacerbated by pandemic complications, rising interest and soaring inflation. Treasury announced Wednesday that it’s making more money available for affordable housing loans as part of the nearly $2 trillion American Rescue Plan (ARP)…The department’s new guidance allows state and local governments to use ARP funding to “finance long-term affordable housing loans, including the principal of any such loans, subject to certain conditions.

Do not pay rent for nothing

The phenomenon makes it difficult to pay the summer rent months of accommodation that will only be busy only at the start of the academic year. Formerly possible, negotiations are now complicated with owners also affected by inflation and who have a strong demand in front of them.

Mental companies, depressive signs, suicidal thoughts ... 70% of students are in a discomfort according to an Sociétéseine-Saint-Denis survey: the CROUS promises 300 new places in housing for students

CAC 40: The prudent scholarship before inflation in the United States, the Russian oil tap closes for 3 countries .
© Ngampol/Adobe Stock CAC 40: The prudent scholarship before inflation in the United States, the Russian oil tap closes for 3 countries The CAC 40 should fall back, while the publication of inflation in the United States, the capital for the monetary policy of the Fed, will be revealed today. Russian oil deliveries to three European countries via Ukraine are suspended.

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This is interesting!