New York Gov. Cuomo: Empty offices should become housing
Like many cities around the world, New York City has seen life drained from its commercial core, as offices have been left to sit nearly empty for months. These unoccupied offices raise a lot of questions about the future of work, the future of cities, and whether buildings built to hold offices will even make sense in a world so thoroughly upended by a pandemic. But they may also be offering some solutions.
Fast Company • January 13, 2021
Experts predict what the 2021 housing market will bring
Many experts are predicting another strong housing market in 2021. They are forecasting increased demand from buyers who delayed purchasing homes because of the pandemic, from existing homeowners who need larger spaces to accommodate parents working from home and children attending school virtually and from condo owners who are seeking to escape multifamily buildings for single-family houses to mitigate exposure to the virus.
The Washington Post • January 11, 2021
There's no end in sight to affordable housing crisis that makes it harder to recruit and retain workers
The decades-long affordable housing crisis is also a business crisis for many business leaders who continue to find it difficult—if not impossible—to recruit or retain workers who can’t or won’t pay steep home prices so they can live near their place of employment. And there are not many companies who can afford to launch housing initiatives similar to Amazon’s — or want to increase salaries so current or prospective employees can buy homes near their workplace.
Forbes • January 7, 2021
Biden's team explores ways to oust Fannie-Freddie regulator
President-elect Joe Biden’s team has held preliminary talks on how it could oust Fannie Mae and Freddie Mac’s regulator, said people familiar with the matter, a move that would let the new administration fill a post that’s crucial to the mortgage market and its goal of boosting affordable housing.
Bloomberg • January 11, 2021
As eviction ban stretches on, so does uncertainty and rent debt
Renters who have long lived on low incomes or who lost their jobs during the pandemic have found temporary relief by the third extension of the state eviction moratorium. But they are also staring down continually amassing debt, and homelessness providers and housing attorneys are scared that many of the estimated 175,000 people behind on rent in Washington state will be part of what some predict will be a “tsunami” of evictions once federal, state and local eviction bans disappear.
The Seattle Times • January 11, 2021