Despite challenges, affordable housing industry logs historic year

Mayor Bill de Blasio’s announcement this week that New York City financed or preserved more than 30,000 affordable homes in 2020 would be a noteworthy accomplishment in any year: it represents the second-highest total in the history of the city.

Real Estate Weekly • February 12, 2021

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These buildings combine affordable housing and vertical farming

Some vertical farms grow greens in old warehouses, former steel mills, or other sites set apart from the heart of cities. But a new series of projects will build multistory greenhouses directly inside affordable housing developments.

Fast Company • February 18, 2021

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The Californians are coming. So is their housing crisis.

Is it possible to import growth without also importing housing problems? “I can’t point to a city that has done it right.” Boise, Nashville, Denver and Austin have all seen their housing prices being pushed up by 'out-of-towners' whose budget can be as much as 50% higher on average than that of locals. And as housing prices reach a tipping point, so will the number of rent-burdened tenants go up along with more people finding themselves on the streets.

The New York Times • February 12, 2021

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Why can’t the government stop evictions?

A patchwork of protections has so far prevented the “tsunami” of evictions that housing advocates fear. But in many U.S. cities, the number of filings is growing.

Bloomberg CityLab • February 11, 2021

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A tale of two developments: affordable housing or subsidized ultra-luxury?

The impending collapse of the grotesque Hudson Yards development in Manhattan could be an opportunity for affordable housing. New York City spent $6 billion on malls and luxury condos that now nobody seems to need. With more progressive housing policies in the future, Hudson Yards could become both a cautionary tale for luxury developers against future excess and a pilot project for progressives transforming unwanted buildings into much needed affordable housing.

The American Prospect • February 9, 2021

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