Biden framework includes $150B for affordable housing

Biden’s proposed climate change and social services bill is expected to include $150 billion for affordable housing creation and financial assistance, elating supporters who feared it would be cut from Democrats' package. The housing component was cut down significantly from the $327 billion Democrats initially sought. Even so, the bill would still spend more than three times the current budget of the Department of Housing and Urban Development (HUD) in what housing advocates call an unprecedented step toward tackling an affordability crisis.

The Hill • October 28, 2021

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A last-chance mayoral election guide

The next mayor will take the reins of a city with a chronic shortage of affordable housing, which is in turn a main driver of homelessness. More than a quarter of city residents spend more than half their income on housing, and the number of single adults in the city’s main shelter system has risen 60 percent during Mr. de Blasio’s tenure. The city’s public housing system, NYCHA, is also in dire trouble: It faces a backlog of over $40 billion in capital needs. Mr. Adams says he will push to let developers build on existing NYCHA land — a plan that he said could address less than a quarter of those needs. Mr. Sliwa says he will make sure repairs are done faster, and train and employ NYCHA residents to make repairs themselves.

The New York Times • October 29, 2021

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Register for the International Architecture Design Competition - $50K Prize

Have a good idea to support Carbon Positive Affordable Housing? It's time to put your design skills to the test! Register for the International Architecture Design Competition for a chance to win the$50,000 cash prize. As climate change intensifies, housing stability will be increasingly under threat. The purpose of this competition is to solicit ideas for affordable, carbon positive housing that can be replicated in multiple neighborhoods, cities and countries with the goal of fighting climate change and eliminating the current housing crisis across the world. Projects can range from a micro-home to a tall building depending on the selected context or solution. Participants are encouraged to look beyond conventional solutions and consider resiliency in their strategies. Registration is now open, and entry is 100% free.

cove.tool • November 2, 2021

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