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Tag Archives: housing opportunity

IDEA JAM: How do we sustain our diverse Takoma Park community?

CHEER held its first idea jam on November 17, 2011 on the income gap in Takoma Park.  After reviewing the statistics documenting a 50% increase in high income households, a 15% loss of middle income households, and a stable number of low income households over the last decade, the discussion began with the question “How [...]
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Takoma Park Income Gap Is Growing

Over the past decade, Takoma Park has changed from a community able to support families with a range of incomes to one with higher property values, a larger number of higher-income families, and a smaller number of middle income families.
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Panel Explores Ways to Improve Community

What can we do to reduce housing cost burdens, increase affordable homeownership opportunities, and build stronger community connections in Takoma Park?  About 35 community members gathered at Heffner Community Center on Thursday November 18 for a panel discussion and community forum to suggest answers.
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High Real Estate Values Challenge Takoma Park Diversity

The large increase in real estate values over the last decade has changed who can buy a house in Takoma Park.  New home buyers have higher incomes than the typical Takoma Park homeowner in 2000.  In 2006 the median income of new home buyers was $112,000 compared to the inflation adjusted median reported in the [...]
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CHEER Releases the First Takoma Park Housing Report Card

Two major findings emerge from the Takoma Park housing report card data.  First, Takoma Park has preserved much of its affordable housing , but affordability remains a challenge.  Second, Takoma Park real estate values soared through much of the last decade making affordable home ownership opportunities extremely limited.
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