#affordable-h

#affordable-h

New York City's wealthier neighborhoods may see an influx of more affordable housing due to a new plan that rewards developers with a tax break for building mixed-income rental projects.

The plan, called the Mixed Income Market Initiative (MIMI), incentivizes projects that include affordable and market-rate units, with a preference for those that have the most affordability and efficiently use city funding.

The initiative is part of Mayor Eric Adams' effort to add 500,000 more homes to NYC in the next 10 years. [ more ]

The city of Austin is making progress in preserving affordable housing and building new housing, but is far behind on its district-based goals for affordable housing and permanent supportive housing for the homeless.

The city's east side districts have added more housing stock than their west side counterparts, with District 4 leading in progress towards its housing goal. [ more ]

The most affordable real estate sale in Los Gatos was a house in Monte Sereno that sold for $460,000.

The overall average price of real estate in the area during that time was $2.3 million. [ more ]

70 firefighters respond to 2-alarm fire in Outer Mission

Director of SF's affordable housing office resigns [ more ]

California has passed several state bills aimed at increasing the construction of affordable housing by bypassing environmental reviews and curbing discretionary hearings.

One bill requires the approval of affordable housing projects on urban land owned by private colleges and religious institutions without a discretionary review process, while another bill extends the consequences for cities that fail to build enough homes to meet state-mandated goals. [ more ]

State bills signed into law aim to boost affordable housing construction in California by bypassing environmental review processes and curbing discretionary hearings.

Key measures include requiring 'by-right' approval for affordable housing projects, extending consequences for jurisdictions that fail to meet housing goals, and limiting security deposits for renters. [ more ]

First-time homebuyers are facing a challenging market due to high mortgage rates, home prices, and low inventory levels.

Condos and townhomes can be a more affordable option for first-time homebuyers, offering a lower-cost alternative to single-family homes. [ more ]

Florida lawmakers have filed bills to amend the Live Local Act, a law aimed at incentivizing affordable housing.

The proposed changes would clarify language and give local governments more control over building sizes and heights.

The bills address concerns from both developers and local leaders. [ more ]

Leslie Pool, a City Council member, has shifted her stance on housing regulations and is now advocating for zoning changes to allow for more housing.

Pool believes that the environmental crisis in Austin must be balanced with the need for more people to live in the city, prompting her change in position. [ more ]

The City of Beverly Hills' housing plan was rejected by the state, leaving it vulnerable to builder's remedy.

The city must submit another revised plan that shows how it plans to comply with fair housing laws. [ more ]

A 116-year-old power station in Redondo Beach has closed down, allowing for a mixed-use redevelopment project on the site.

The redevelopment project is utilizing a legal provision called the builder's remedy, which allows builders to bypass local zoning rules if they include a minimum percentage of affordable homes. [ more ]

Colorado school districts are taking action to address the lack of affordable housing options for their employees.

Solutions include partnerships with developers, constructing tiny homes, and becoming landlords. [ more ]