Turner Impact Multifamily Fund will target opportunities to acquire housing for workers making up to 80 percent of the area’s median income. The goal is to provide housing for those who earn too much to qualify for subsidized housing, but too little to afford a home or luxury apartment near their workplace [...]
“Workforce housing is an overlooked segment of the real estate market with a significant mismatch in supply and demand that we believe offers a compelling investment opportunity” — labusinessjournal.com
Despite seeing completion last October, following orders from leader Kim Jong Un, only half of the units of a major apartment complex built near Pyongyang’s Taedong River are currently occupied. [...]
“The elevator runs only during breakfast, lunch, and dinner hours, so for long spans of time it will be impossible to get to the 40th floor,” the source said. “There isn’t even a place for people to put their bicycles, which are the most fundamental tools for people’s livelihoods.” — dailynk.com
More homeless people in Los Angeles are leaving Skid Row for other more visible areas of the city, such as parks and near freeways. [...]
Some of the increased visibility is the result of lawsuits. Until the city can supply more affordable housing, the homeless can legally camp on sidewalks from 9 p.m. until 6 a.m. [...]
Marketplace reports that advocates say they’ve seen a rise in middle-aged homeless people, some victims of recession-era job loss. — nextcity.org
One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record $500 million.
Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s Bel Air neighborhood for a compound with a 74,000-square-foot (6,900-square-meter) main residence and three smaller homes, according to city records. [...] including a 5,000-square-foot master bedroom, a 30-car garage and a “Monaco-style casino,” Niami said. — bloomberg.com
Between 925 and 1,960 units citywide have been removed from the housing market by hosts renting out entire units on Airbnb for more than 58 days, the [San Francisco Budget & Legislative Analyst's] report estimates. [...]
The report draws a comparison between the number of evictions in neighborhoods with the most hosts, though notes there is no way to draw a direct connection. In the Mission, for example, there were 315 hosts last year and 323 evictions. — m.sfexaminer.com
Still, when Mayor Bill de Blasio today unveiled his plan for New York’s troubled housing authority, NYCHA, dismantling these aging towers was not a piece of it. The plan calls for charging more for parking, redeploying staff to other agencies to save costs and leasing land within the housing complexes to private developers to save money. [...]
So why does New York City still have so many high-rise housing projects? — theatlantic.com
Open data, and the interactive mapping and data visualization that can come of it, has become a de facto engagement and storytelling tool among contemporary journalists, social justice activists, and civic-minded technologists. But despite its allure, open data’s potential for fostering civic engagement and creating transparency and dialogue is plagued by issues of usability, access, and quality control. — urbanomnibus.net
A new building in Vancouver's West End neighbourhood is getting some attention because of its segregated entrances for condo residents and those living in social housing units.
The West End Neighbours community group says the market-priced condo units and social housing units for the 19-storey high-rise for 1171 Jervis Street will also be branded differently at the entrances and have separate amenities.
The development permit was approved Monday by city staff. — cbc.ca
There are ways to bring elegance to 5 over 1 structures, but it requires a high degree of skill and commitment. Only a very talented designer can take such a limited palette of materials and make the resulting building interesting, if not elegant. But developers must be willing to hire those skilled designers. Many are simply not interested. [...] Hence, the wildly uneven — and often uninspiring — architecture in Seattle today. — crosscut.com
Similar tenor in other booming parts of the nation:Blair Kamin not impressed by Chicago's latest housing developmentsJeff Sheppard calls downtown Denver's new housing developments "meaningless, uninspiring"
If Los Angeles aims to add more housing, it should look at the neighborhoods lining its long-maligned river to do it. [...]
The city could make a big dent in Mayor Eric Garcetti's goal of adding 100,000 housing units by 2021 if it streamlines permitting and creates incentive zones in places along the river [...].
The report comes in the wake of a billion-dollar plan by the U.S. Army Corps of Engineers to revamp 11 miles of the L.A. River north of downtown [...]. — latimes.com
Residential design doesn't have to stop at neat rows of identical apartment buildings or houses, although sometimes it's what is inside a home that can leave the biggest impression. But what's most important is the availability of high-quality housing that suits the various needs for people from...
This is a tale of two new West Loop high-rises and what they say about Chicago's apartment building boom, which has restored construction cranes to the skyline but has yet to give us architecture with a capital "A."
The buildings — the underwhelming Arkadia Tower in Greektown and the better-than-average JeffJack Apartments west of Union Station — are the latest products of the construction surge [...]. — chicagotribune.com
It's a big deal when Denver's top architect publishes an essay saying this city is failing at design downtown. That we are building one mundane apartment building after the next. That we are wasting the opportunity to become a national leader and ruining the urban landscape by putting profit above civic pride.
Jeff Sheppard said all that [...] in a guest editorial in last Sunday's Denver Post. And we'd be wise to hear him and do what he's suggesting: Knock it off immediately. — denverpost.com
Justin McGuirk’s Radical Cities: Across Latin America in Search of a New Architecture should be required reading for anyone looking for ways out of the bleak social inequality we’re stuck in. There were 40 million more slum dwellers worldwide in 2012 than there were in 2010, according to the UN. Private markets clearly can’t provide universal housing in any way approaching efficiency, and governments are often hostile to the poor. — Metropolis Magazine
In his book, McGuirk analyzes numerous de facto housing solutions for overcrowded cities, including the infamous "Torre David" in Caracas, an abandoned high-rise which became an iconic squatter's structure partly because of government ineptitude and indifference.
The phrases "public housing" or "low-income housing" do not generally conjure thoughts of architectural innovation. [...]
But it doesn't have to be that way, as several recent housing developments in Los Angeles prove. Instead, they pose the question: What if low-income housing was perceived as leading the vanguard of innovative, responsive architecture? — kcet.org
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