A first-in-the-nation complex to be built in Hollywood would house about 200 LGBT seniors and young adults on the same campus.
Lorrie Jean, CEO of the the Los Angeles LGBT Center, which is building the $100 million complex, calls the two generation groups "the two most vulnerable parts of our community." — scpr.org
Buy-to-let landlords should face new limits on the amount they can borrow, the Bank of England has proposed.
It suggested that lenders should be much stricter when deciding whether or not to grant landlords a mortgage.
Instead of just taking their rental income into account, the Bank wants lenders to look at their wider financial situation as well.
If adopted, the new rules could reduce lending to landlords by up to 20% over the next three years. — BBC
According to the Prudential Regulation Authority (PRA), the newly-proposed standards should "curtail inappropriate lending, and the potential for excessive credit losses."The new strictures would take into account the costs a landlord accrues in order to rent a property, tax liabilities associated...
Rapidly rising property prices and rents, combined with the loss of social housing through right to buy, have put councils under growing pressure to find new ways to help people off their housing lists.
In Lewisham one solution is a £4.3m scheme to provide 24 homes and 880 sq m of business space that can be picked up and moved at a later date, allowing the council to make use of vacant brownfield land while longer-term projects are finalised. — theguardian.com
This got us thinking about what it takes to build an ideal town: should pubs be on every residential corner or on the high street? How many trendy coffee shops are too many? Are libraries still a thing? We didn't have the answers to any of those questions, so we spoke to Matt Richards – a planner at property consultancy Bidwells – to find out what makes the perfect town. — VICE
Since I think there are a lot of folks out there who genuinely haven't made up their minds about the initiative, or aren’t familiar with it yet, I'd like to summarize some of the most important reasons to oppose it when it comes time to vote this November. - — Better Institutions
It's hard to remember that just a few decades ago it was difficult, if not impossible, for a woman alone to take out a mortgage. Federal legislation changed that.
And yet, it's still surprising to learn how dominant single women have become in the housing market today: Their share is second only to married couples, and twice that of single men. — npr.org
Parisian designer Stéphane Malka Architecture has suggested creating affordable housing in the French capital by adding prefabricated elements on top of and between existing buildings.
The “3box” system does not require the purchase of sites. Instead, the right to build is obtained in exchange for renovating existing buildings.
According to Stéphane Malka, the housing would cost 40% less than the usual market price and could be built quickly and cheaply in workshops. — Global Construction Plan
In a fresh bid to confront a problem that has confounded lawmakers for decades, Los Angeles city and county officials approved sweeping plans Tuesday aimed at getting thousands of homeless people off the streets.
But one crucial question remains unanswered: Where will most of the money come from? [...]
The renewed government attention to homelessness was spurred in part by a 12% surge in people living on the streets [...] pushing the total to more than 44,000 homeless people countywide. — latimes.com
Tens of thousands of hard-working families will be forced to leave their council homes and find themselves unable to afford a local alternative as a result of government plans to restrict social housing to the poorest, according to research obtained by the Observer.
The devastating figures...show that almost 60,000 households in England will be unable to afford to remain in their council properties from April next year, as a result of George Osborne’s reform, called “pay to stay”. — the Guardian
New York City once set the standard for subsidized housing. The city started out building and maintaining tens of thousands of apartments for working families, sponsoring job training and social programs. It ran a budget surplus. [...] Now the Village is like a gated playground for runaway wealth. Subsidized apartments all across town are converting to market-rate rentals and condos faster than City Hall can build affordable units or preserve old ones. — nytimes.com
What went wrong in Winnipeg was not just about architecture, and 5468796 were stuck trying to make the best of a bad situation. The pulling out of government support to make Centre Village an actual co-operative changed the [project's direction]...'It’s time to get the peanut butter off our fingers,' said Ross McGowan, former chief executive and president of CentreVenture...He admits that a failure to understand the needs of the community took a considerable toll on the project. — The Guardian
New York’s Kings County is likely to have the most new apartment units delivered in 2016 of any submarket in the U.S., by Axiometrics’ estimation. Some 6,073 units have been identified for delivery in Brooklyn next year as of Nov. 16, a huge increase from the 969 that came to market this year. [...]
renters are able to pay the submarket’s average effective rent of $3,823 (asking rent minus concessions), according to October apartment data. — forbes.com
Santa Ana is the latest to embrace the granny flat; earlier this month, its city council directed staff to rewrite city code to make it easier to have granny flats, and to allow them to be larger. [...]
"It really is meant to expand people’s ability to help their families and to reduce the overcrowding" [...]
Berkeley city officials relaxed regulations to encourage granny flats in March. Pasadena and Los Angeles have also flirted with the idea of loosening restrictions on such units. — scpr.org
Los Angeles elected leaders announced Tuesday that they will declare a “state of emergency” on the growing homelessness problem in the city and commit $100 million toward housing and other services for homeless people. [...]
"If we want to be a great city that hosts the Olympics and shows itself off to the world,” Cedillo said, “we shouldn't have 25,000 to 50,000 people sleeping on the streets.” — scpr.org
WeWork, the $10 billion startup that leases space to startups, has bigger ambitions: it wants to rent you a "co-living" space where you work, too.
WeWork is busy launching its co-living apartments — known as WeLive spaces — in places like New York City and Washington DC, The Information reports. [...]
WeWork will offer more than 250 micro-apartments at that location, along with amenities like bike parking, an herb garden, and a library. — Yahoo! Finance
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