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Construction on Sendero Verde, a sizable Handel Architects-designed affordable housing development in New York City, is expected to break ground later this summer. Patch reports that L+M Development Partners, Jonathan Rose Companies, and Acacia Network, the developers behind the... View full entry
In the first half of 2019, New York City apartment building sales fell 48% from the same period a year earlier, B6 said in a report. It was the biggest decline for any six-month period in data going back to 2009. In northern Manhattan, which includes Harlem, the drop in multifamily purchases led to a 61% slide in all commercial-property transactions, the firm said. — Bloomberg
Across New York City, as the effects of the New York State's recently-enacted rent control laws begin to take shape, apartment building owners are having a tough time finding investors to purchase their properties. According to Bloomberg, apartment building sales are down nearly 50-percent... View full entry
As a result of reduced tax revenue from the 2017 corporate tax cuts enacted by President Donald Trump, the development of at least 15,000 affordable housing units has been either delayed or eliminated entirely, The Sacramento Bee reports. The reason? A significant portion of affordable... View full entry
A new housing typology will be coming to the Chicago neighborhoods of West Humboldt Park and Bronzeville, where Perkins + Will architect Greg Tamborino will bring his independently-produced, competition-winning affordable housing designs to a pair of vacant lots. Tamborino was recently announced... View full entry
Some have speculated it could be the solution to the country’s affordable housing crisis by providing a quick infusion of lower-priced homes in areas starved for housing inventory. Some affordable housing experts, however, caution that the technology is not a panacea. — Politico Magazine
We've all seen videos of a giant robotic arm assembling layers of material which would later turn into a completed home 12-24 hours later. Some companies are imagining how this type of technology could impact homelessness and affordable housing. Although 3D-printed homes are a favorable... View full entry
2020 Democratic presidential candidate Elizabeth Warren has unveiled a modest affordable housing plan that would work to improve existing development mechanisms in an effort to increase the supply of affordable housing across the country. Arguing that "government at all levels hasn’t done... View full entry
Backyard cottages typically provide affordable housing in already developed neighborhoods. They’re one way Boise city leaders hope to rein in runaway rents and house prices.
On Tuesday, the Boise City Council voted unanimously to relax city regulations on these units to encourage more density and affordable housing.
— idahostatesman.com
Bigger and better Accessory Dwelling Units (ADU) are headed to Boise, Idaho, where city officials have embraced a series of measures that could spur the development of new ADUs in the city. ADUs, for example, will now be able to include up to two bedrooms and up to 700 square feet of... View full entry
For minorities and female developers, “access to capital has been the biggest challenge,” said Peebles, who has been an outspoken advocate for diversity in the industry. “I looked at how to address that for a number of years. No one in the country is doing this on a national level.” — therealdeal.com
Real estate developer Peebles Corporation has unveiled a $500 million investment fund that will be used to fuel development projects led by women and racial minorities. According to The Real Deal, the fund will focus on urban infill projects with budgets between $10 and $70 million in... View full entry
Oregon legislators took a historic leap toward greener, fairer, less expensive cities Sunday by passing the first law of its kind in the United States or Canada: A state-level legalization of so-called “missing middle” housing. — Sightline Institute
In a rare show of bipartisan cooperation, both of Oregon's legislative houses have voted to eliminate single-family zoning across the sate, legalizing so-called "missing middle" housing, including duplexes, triplexes, fourplexes, and row houses. If signed into law next month by Oregon... View full entry
Since the first known use the term 'nuclear family' in 1941 (defined by George Murdock as "a social group characterized by common residence, economic cooperation and reproduction[,] contain[ing] adults of both sexes, at least two of whom maintain a socially approved sexual relationship, and one or... View full entry
Mayor Bill de Blasio announced on Tuesday that the city had tapped Gregory Russ as Nycha’s new chairman, following 14 months without a permanent leader and after an exhaustive nationwide search, which included a salary increase to entice reluctant candidates. — The New York Times
Gregory Russ, current head of Minneapolis Public Housing Authority, has been picked to lead the New York City Housing Authority (NYCHA). Russ told The New York Times, “Nycha’s issues actually are not just important for New York City, but they’re important nationally.” Currently, Russ... View full entry
It’s official: After years of debate, heated public hearings, and lawsuits, the City Council has voted to approve the redevelopment of the Elizabeth Street Garden into low-income housing for seniors.
The Council’s vote was unanimous, save for one abstention from councilmember Rafael Espinal, who objected to the loss of a community garden for housing.
— Curbed NY
The Elizabeth Street Garden redevelopment in Manhattan's Little Italy neighborhood has been especially contested since one beloved green space was supposed to make way not for the usual luxury condo towers but for badly needed affordable housing designed for low-income seniors with support from... View full entry
The Regional Plan Association of New York (RPA) has named Miriam Peterson and Nathan Rich of architecture firm Peterson Rich Office (PRO) as the organization’s inaugural Richard Kaplan Chairs for Urban Design. The year-long research position, funded to “address a critical need for... View full entry
President Donald Trump issued an executive order that establishes a White House Council focused on "eliminating regulatory barriers to affordable housing." The council is to be chaired by the Secretary of Housing and Urban Development, Ben Carson. The order reads: "These regulatory barriers... View full entry
...one issue stands out as particularly urgent and complex: housing. The lack of new supply, combined with the rising cost of living, has resulted in a severe shortage of affordable housing options for long-time middle and low income residents. As Google grows throughout the Bay Area—whether it’s in our home town of Mountain View, in San Francisco, or in our future developments in San Jose and Sunnyvale—we’ve invested in developing housing that meets the needs of these communities. — Google
Last week, Google CEO Sundar Pichai announced the company's pledge to invest in the development of affordable housing across the Bay Area. With the multi-billion dollar tech company calling the San Francisco Bay Area home with its beginnings starting over 20 years ago, Google is aware of its... View full entry
