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For eight years in a row, an international survey of nearly 300 cities has named Hong Kong the world’s least affordable housing market. [...]
Architects and developers have also put forward some novel proposals, ranging from the quirky to the audacious. While some of the ideas may be repackaged versions of the cramped spaces the city has long known, others could reshape the future of housing in Hong Kong.
— The New York Times
The proposal by architect James Law to squeeze 100-square-foot micro apartments into concrete drainpipes was widely published a few weeks ago. The NYT lists a few more 'solutions' — some lofty, others being already implemented. View full entry
ICON has developed a method for printing a single-story 650-square-foot house out of cement in only 12 to 24 hours, a fraction of the time it takes for new construction. If all goes according to plan, a community made up of about 100 homes will be constructed for residents in El Salvador next year. The company has partnered with New Story, a nonprofit that is vested in international housing solutions. — theverge.com
Today at SXSW, The first model is scheduled to be unveiled by Austin-based startup ICON. The company uses the Vulcan 3D printer in order to generate an entire home for $10,000 with plans to bring costs down to $4,000 per house. Using concrete rather than plastic, the model features... View full entry
At Leicester magistrates court, Herzallah and Almasri, of Enderby, Leicestershire, were each ordered to pay a £770 fine, legal costs of £1,252 and a £77 victim surcharge. — The Guardian
A couple, who had disguised housing on their property with a fake garage door, has been fined by Leicester Magistrates Court. The case was brought about by the Blaby district council after they were notified about unauthorized work being carried out at the couple's home and discovered the hoax... View full entry
The number of those living in the streets and shelters of the city of L.A. and most of the county surged 75% — to roughly 55,000 from about 32,000 — in the last six years.
But the crisis has been decades in the making. If homelessness continues to escalate at current rates, it will swamp even the best efforts.
— Los Angeles Times
Despite declaring homelessness in the city an 'emergency' and committing drastically increased funds to housing and services, Los Angeles is failing to improve the lives of its unsheltered citizens. View full entry
Stacker was one of 188,000 people who applied for 20,000 spots in the voucher waiting line for the Housing Authority of the city of Los Angeles. And that line won’t be moving quickly. The Housing Authority’s Section 8 director, Carlos VanNatter, said only about 200 vouchers become available here every month, basically when a pay raise makes someone ineligible or someone dies. — marketplace.org
While the national average wait time for Section 8 vouchers is currently more than two years (with nearly half of all housing authorities having closed their lists to new applicants), the situation in big cities like New York and Los Angeles is so dire that residents have to apply for a coveted... View full entry
The goal with it is simple, says architect James Law: to utilize “leftover space” between buildings in Hong Kong, a city with limited land and a constant housing shortage. — Quartz
The city of Hong Kong has retained the title of the world's most expensive real estate market for the past seven years. As housing prices continue to soar, many residents are finding themselves with inadequate shelter, including over 200,000 people living in what has come to be referred to as... View full entry
The savvy emphasis on escape and disconnectedness and repose has resonated among the millennials Getaway aims to reach. In each of its markets, outside New York, Boston and Washington, Getaway’s houses are booked solid on weekends, and in early 2017, the company, founded by two Harvard graduates, raised $15 million in venture capital funding, which suggests that a tiny house campground may soon be coming to a forest near you. — The Washington Post
Getaway positions its retreats just outside major cities where individuals are encouraged to recharge and reconnect in nature. Tapping into the tiny house phenomena that rapidly gained popularity among millennials after the 2008 housing crisis, Getaway houses can be rented at just over $160 a... View full entry
In the summer of 2016, Attorney General Eric Schneiderman charged Croman with 20 felonies, including harassing tenants at rent-regulated apartments within his various properties as well as falsifying rental income in order to secure as much as $45 million in financing. This fall, Croman plead guilty to charges of grand larceny, tax fraud, and an additional fraud charge relating to false statements. — Curbed NY
The notorious Manhattan landlord Steve Croman, who owned nearly 150 buildings across the city, has agreed to pay $8 million to his former tenants, the largest-ever settlement with an individual landlord in the state. Additionally, he has been sentenced to serve one year of jail time at Rikers... View full entry
The number of apartments deemed affordable for very low-income families across the United States fell by more than 60 percent between 2010 and 2016, according to a new report by Freddie Mac.
The report by the government-backed mortgage financier is the first to compare rent increases in specific units over time. It examined loans that the corporation had financed twice between 2010 and 2016, allowing a comparison of the exact same rental units and how their affordability changed.
— The Washington Post
The Washington Post reports about a new report by Freddie Mac: "More renters flooded the market after people lost their homes in the housing crisis. The apartment vacancy rate was 8 percent in 2009, compared to 4 percent in 2017. That trend, coupled with a stagnant supply of apartments, resulted... View full entry
Acres of prime real estate are opening for redevelopment as America’s malls struggle to compete with Amazon and other online giants, offering developers a rare shot to remake swaths of land in the country’s built-out metropolises.
In particular, real estate experts say, the demise of retail centers provides one of the best chances to add needed housing [...].
— Los Angeles Times
In his article, LA Times reporter Andrew Khouri also points out the drawbacks of these new development opportunities, writing "residents voiced concern that the development will make the area more attractive to those of higher incomes and put upward pressure on rents in the surrounding area, even... View full entry
The Government is spending four times as much – some £32bn—subsidizing private housing as it is building affordable homes for low income families, a report has revealed.
The study showed 79 per cent of the total housing budget is currently spent on higher-cost homes for sale, including through the controversial Help to Buy scheme, but just 21 per cent, around £8bn, goes to affordable homes for rent.
— The Independent
Carried out the Chartered Institute of Housing (CIH), the annual review shows a significant shift away from programs that build new affordable housing in favor of subsidization. The amount of government funding granted to the Affordable Homes Program has fallen to just £285 million, down... View full entry
The Abu Dhabi-owned developer won planning approval for the 268-home mixed-use redevelopment of the Metropolitan Police’s HQ site in April 2016....Since then developer BL Developments has sought to increase the total number of homes by 27, from 268 to 295, with no increase in the number of affordable units or payment in lieu, meaning the level of affordable housing fell further still to only 3%. — Construction Enquirer
BL Developments, who bought the site back in 2014 for £370m, had submitted an initial proposal to transform the former Metropolitan Police headquarters into a mixed-use scheme. The plans, which involved tearing down three existing buildings to clear the way for six residential-led buildings... View full entry
The Mayor of London, Sadiq Khan, has announced that the city will be investing £25 million into constructing over 1,000 affordable prefab apartments. Funding from the city will go into purchasing small brownfield sites that will then be built on by Pocket Living, a developer specializing in... View full entry
Sinclair has been working with Airbnb over the past year on various pilot projects, with the official [temporary housing] project launching this summer. The ultimate goal is for one million Airbnb users to register as “hosts for good,” signaling that they will provide housing for people impacted by natural disasters or otherwise displaced. — Inhabitat
Sinclair will lead Airbnb's in-house humanitarian team as part of the company's goal to provide free, short-term housing for 100,000 people in need over the next five years. Airbnb announced the #weaccept project in a commercial (linked below) that aired at this year's Super Bowl, not long after... View full entry
Good walls make good neighbours – but not, it seems, when they are made entirely of glass. Five residents of the multi-million-pound Neo Bankside towers, which loom behind Tate Modern like a crystalline bar chart of inflated land values, have filed a legal claim against the museum to have part of its viewing platform shut down. They claim that its 10th-floor public terrace has put their homes into a state of “near constant surveillance”. — The Guardian
In an apparent case of art interfering with life, the owners of the apartments next to the Tate Modern's viewing platform are trying to legally erect some kind of visual barrier between them and the visitors of the museum (although the exotic technology of curtains has apparently not yet made it... View full entry