Archinect - News 2017-08-16T19:46:50-04:00 Eight years after the crash, Detroit still contending with foreclosures Nicholas Korody 2016-08-02T18:14:00-04:00 >2016-08-11T10:04:22-04:00 <img src="" width="650" height="487" border="0" title="" alt="" /><em><p>Nearly 40&nbsp;percent of Detroit residents live below the poverty line. In many cities, poor people rent &mdash; but the home ownership rate here is high. After the 2008 housing crash, it took the city of Detroit five years to start reappraising homes &mdash; and poor homeowners like Hicks, who lives on disability, struggled to pay their taxes. Over the past decade, there have been more than 100,000 tax foreclosures in Detroit.</p></em><br /><br /><p>For more news from the Motor City, check out these links:</p><ul><li><a href="" target="_blank">Previewing the 2016 Venice Biennale: the United States' "Architectural Imagination"</a></li><li><a href="" target="_blank">Dispatch from the Venice Biennale: a healthy dose of dissent from Detroit Resists, The Architecture Lobby and more</a></li><li><a href="" target="_blank">"Bleeding Rainbow" artist sues Detroit building owner to protect her landmark mural under copyright law</a></li><li><a href="" target="_blank">Detroit may see a few bigger idle sites move towards redevelopment in 2016</a></li></ul> A City Invokes Seizure Laws to Save Homes Orhan Ayyüce 2013-07-30T10:44:00-04:00 >2013-07-30T13:08:20-04:00 <img src="" width="650" height="433" border="0" title="" alt="" /><em><p>&ldquo;We&rsquo;re not willing to back down on this.They can put forward as much pressure as they would like but I&rsquo;m very committed to this program and I&rsquo;m very committed to the well-being of our neighborhoods.&rdquo; - Gayle McLaughlin, Richmond&rsquo;s mayor</p></em><br /><br /><p> <img alt="" src=""><em>Peter DaSilva for The New York Times&#8203;</em></p> <p> The power of eminent domain has traditionally worked against homeowners, who can be forced to sell their property to make way for a new highway or shopping mall. But now the working-class city of Richmond, Calif., hopes to use the same legal tool to help people stay right where they are.&nbsp;</p> <p> Scarcely touched by the nation&rsquo;s housing recovery and tired of waiting for federal help, Richmond is about to become the first city in the nation to try eminent domain as a way to stop foreclosures.</p> Reality Check: Developers React to MoMA’s Show, “Foreclosed: Rehousing the American Dream” Archinect 2012-03-27T00:44:00-04:00 >2012-03-27T08:16:58-04:00 <img src="" width="625" height="417" border="0" title="" alt="" /><em><p>Though the panelists agreed that the foreclosure crisis will lead to major changes in suburban development, they all thought new patterns are less likely to be brought about by a revised American dream than by economic and demographic factors. And all said it would be very difficult to change zoning laws to permit denser new development patterns, especially in existing &ldquo;inner-ring&rdquo; suburbs.</p></em><br /><br /><p> On Archinect: <a href="" rel="nofollow" target="_blank">The CRIT: Thoughts on MoMA's Foreclosed: Rehousing the American Dream</a></p> Justin Davidson on MoMA's Architectural Response to the Financial Crisis Archinect 2012-02-13T14:14:00-05:00 >2012-02-16T10:16:03-05:00 <img src="" width="560" height="407" border="0" title="" alt="" /><em><p>Who needs a fancy designer when builders all over the country know how to construct a peaked-roof single-family house? The Museum of Modern Art&rsquo;s small but magnificently ambitious new show &ldquo;Foreclosed: Rehousing the American Dream&rdquo; makes an overwhelming case that the two camps need each other now. Today&rsquo;s suburb has little to do with the outwardly tidy, seething, monochrome world of Updike or Revolutionary Road.</p></em><br /><br /><p> Related, on Archinect, <a href="" rel="nofollow" target="_blank">The CRIT: Thoughts on MoMA's Foreclosed: Rehousing the American Dream</a></p> Bank of America Plaza, the tallest building in metro Atlanta, to be auctioned today Archinect 2012-02-07T19:59:34-05:00 >2012-02-08T12:57:40-05:00 <img src="" width="204" height="312" border="0" title="" alt="" /><em><p>The foreclosure of Bank of America Plaza comes as delinquency rates for commercial mortgage backed securities, or CMBS, a type of loan for commercial properties, reached an all-time high in metro Atlanta in December, according to Trepp, a real estate research firm.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> There Goes the Neighborhood Alexander Walter 2011-12-19T01:51:36-05:00 >2011-12-27T15:35:44-05:00 <img src="" width="620" height="350" border="0" title="" alt="" /><em><p>Across America, recession-fueled foreclosures and plummeting home values have left countless properties abandoned and vulnerable to looting. As Scott Pelley reports, the problem has gotten so bad in Cleveland, Ohio, that county officials have demolished more than 1,000 homes this year - and plan to demolish 20,000 more - rather than let the blight spread and render nearby homes worthless.</p></em><br /><br /><p> Watch the entire segment from CBS 60 Minutes <a href="" rel="nofollow" target="_blank">here</a>.</p> Homework and Jacuzzis as Dorms Move to McMansions in California Archinect 2011-11-13T19:04:15-05:00 >2011-11-24T09:05:52-05:00 <img src="" width="650" height="400" border="0" title="" alt="" /><em><p>Here in Merced, a city in the heart of the San Joaquin Valley and one of the country&rsquo;s hardest hit by home foreclosures, the downturn in the real estate market has presented an unusual housing opportunity for thousands of college students. Facing a shortage of dorm space, they are moving into hundreds of luxurious homes in overbuilt planned communities.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html>