Affordable Housing for SoHo

New York needs affordable housing in wealthy areas, too.

#affordable-housing, #city-council-nyc, #de-blasio-bill, #income-inequality, #manhattan-nyc, #moses-robert, #real-estate-and-housing-residential

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Residents Feared Low-Income Housing Would Ruin Their Suburb. It Didn’t.

President Trump told suburban voters that affordable housing would hurt property values and increase crime. The story of one Wisconsin community challenges those assumptions.

#affordable-housing, #new-berlin-wis, #suburbs, #trump-donald-j

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What Will New York Real Estate Look Like Next Year?

City planners, developers and local officials weigh in on how the pandemic could change the city’s housing markets, land use and policy.

#affordable-housing, #area-planning-and-renewal, #elections-mayors, #gentrification, #labor-and-jobs, #public-and-subsidized-housing, #real-estate-and-housing-residential, #renting-and-leasing-real-estate

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The Tenants Who Evicted Their Landlord

Covid-19 has revealed the depths of the nation’s rental housing crisis — but a group of Minneapolis tenants has shown that a different future is possible.

#affordable-housing, #evictions, #landlords, #minneapolis-minn, #real-estate-and-housing-residential, #renting-and-leasing-real-estate

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The Future of Wealthy SoHo

Mayor Bill de Blasio has proposed rezoning the neighborhood in a move that could become a blueprint for affordable housing in affluent areas.

#affordable-housing, #city-council-nyc, #de-blasio-bill, #gentrification, #metropolitan-transportation-authority, #molly-clark, #new-york-city, #soho-manhattan-ny, #subways, #tiktok-bytedance

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Will SoHo Be the Site of New York City’s Next Battle Over Development?

Mayor Bill de Blasio wants to rezone SoHo to accommodate new affordable housing in a wealthy, white neighborhood.

#affordable-housing, #area-planning-and-renewal, #de-blasio-bill, #new-york-city, #real-estate-and-housing-residential, #soho-manhattan-ny, #zoning

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At Hunter’s Point South, a Popular Park Paves the Way for Housing

Two new towers rising on industrial land in Queens will be filled predominantly with affordable housing.

#affordable-housing, #hunters-point-south, #infrastructure-public-works, #newtown-creek-brooklyn-queens-ny, #quarantine-life-and-culture, #real-estate-and-housing-residential, #renting-and-leasing-real-estate

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An American Dream, Scorched in Oregon

The Almeda Fire leveled some of the only affordable housing for the immigrants who work the fields, kitchens and construction sites of southern Oregon.

#affordable-housing, #ashland-ore, #immigration-and-emigration, #oregon, #phoenix-ore, #wildfires

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Five Things Biden and His Allies Should Be Worried About

Interestingly, the suburban vote may not be one of them.

#affordable-housing, #biden-joseph-r-jr, #black-people, #hispanic-americans, #minorities, #polls-and-public-opinion, #presidential-election-of-2016, #presidential-election-of-2020, #race-and-ethnicity, #trump-donald-j, #united-states-politics-and-government, #whites

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Tourism Slump in Dublin Lays Bare Airbnb’s Damage to Rental Markets

After the pandemic hit, the number of longer-term listings jumped in the Irish capital. That brought some relief to a crunched market for renters, though it may not last.

#affordable-housing, #airbnb, #coronavirus-2019-ncov, #dublin-ireland, #economic-conditions-and-trends, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #shortages

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Women in Suburbia Don’t Seem Too Worried About Its Destruction

President Trump has sought to fan fears about lower property values and crime, but polls suggest his general statements are not resonating locally.

#affordable-housing, #biden-joseph-r-jr, #polls-and-public-opinion, #presidential-election-of-2020, #suburbs, #trump-donald-j

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The Wildfires Show That Stopping Climate Change Is No Longer Enough

We have to adapt to it, too.

#affordable-housing, #california, #carbon-dioxide, #debatable, #global-warming, #greenhouse-gas-emissions, #newsom-gavin

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How Trump Is Using Westchester to Stir Up Suburban Fears

In an appeal to racism among white voters, the president says that Democrats tried to ruin Westchester County, N.Y., through fair housing policies.

#affordable-housing, #discrimination, #presidential-election-of-2020, #real-estate-and-housing-residential, #segregation-and-desegregation, #suburbs, #trump-donald-j, #westchester-county-ny

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Trump and His Allies Don’t Like Masks of Any Kind

The frank racism of the contemporary Republican agenda is on display at the R.N.C.

#affordable-housing, #biden-joseph-r-jr, #black-people, #democracy-theory-and-philosophy, #democratic-party, #federal-taxes-us, #jones-robert-p, #liberalism-us-politics, #minorities, #presidential-election-of-2020, #race-and-ethnicity, #republican-national-convention, #republican-party, #trump-donald-j, #united-states-politics-and-government

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The Black Lives Next Door

A new generation of activists is trying to figure out where to concentrate its efforts. Residential desegregation is the final frontier.

#affordable-housing, #bank-of-america-corporation, #black-lives-matter-movement, #black-people, #california, #civil-rights-and-liberties, #coldwell-banker, #discrimination, #george-floyd-protests-2020, #milpitas-calif, #national-assn-of-home-builders, #national-assn-of-realtors, #race-and-ethnicity, #real-estate-and-housing-residential, #san-mateo-calif, #segregation-and-desegregation

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Where a Little Mortgage Goes a Long Way

Affordable homes can be hard to buy because lenders don’t make much money on small loans. But programs to encourage homeownership can help buyers build wealth.

#affordable-housing, #banking-and-financial-institutions, #black-people, #finances, #hispanic-americans, #louisville-ky, #mortgages, #race-and-ethnicity, #real-estate-and-housing-residential, #urban-institute

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Overcrowded Housing Invites Covid-19, Even in Silicon Valley

Overcrowding, not density, has defined many coronavirus hot spots. Service workers’ quarters skirting Silicon Valley are no exception.

#affordable-housing, #coronavirus-2019-ncov, #coronavirus-risks-and-safety-concerns, #income-inequality, #labor-and-jobs, #quarantines, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #san-mateo-calif, #service-industries, #silicon-valley-calif, #urban-areas

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Millions of Americans Are About to Lose Their Homes. Congress Must Help Them.

Here’s what can be done to help people avoid eviction.

#affordable-housing, #coronavirus-2019-ncov, #evictions, #foreclosures, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states-economy

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Apple allocates its first $400M from $2.5B commitment to address California’s housing crisis

Apple announced this morning it’s allocating more than $400 million toward affordable housing projects and other homeowner assistance programs in California, as a part of its earlier multi-year pledge of $2.5 billion to address the state’s housing crisis and homelessness issues.

The funding is expected to support thousands of Californians with first-time homebuyer assistance or new, affordable housing units, Apple says.

Projects launching in 2020 include 250 new units of affordable housing across the Bay Area — the first affordable housing developments funded in a private-public partnership with Housing Trust Silicon Valley. The units will span the North, East, and South Bay regions, and will include many units reserved for veterans, the homeless or formerly homeless, and residents with developmental disabilities.

Image Credits: Apple

 

Apple is also offering a mortgage and down payment assistance fund and an affordable housing investment support program, both created in conjunction with the California Housing Finance Agency (CalHFA). Apple has provided mortgage and down payment assistance to hundreds of first-time home buyers to date, it says, with additional benefits reserved for teachers, veterans, and firefighters. The CalHFA’s assistance program is typically diverse, as well, with over 65% of borrowers identifying as Hispanic, Black, Asian, Pacific Islander, or American Indian.

This month, Apple will launch an affordable housing investment support program with CalHFA, aimed at funding the development of new, very low to moderate-income housing at a lower costs. The program is expected to produce a number of affordable housing units in California over the next five years.

In addition, Apple is supporting the construction of affordable housing units through a partnership with Destination: Home, which supports the homeless in the Silicon Valley area. This initiative will help fund the construction of over 1,000 new units of deeply-affordable and supportive housing, including 80 units in a project in Santa Clara for seniors who are homeless or nearing homelessness.

Apple says its support has helped Destination: Home keep 1,500 families annually from losing their homes, up 67% over a year ago.

Charities Housing Development Corporation project in San Jose, financed in partnership with Housing Trust Silicon Valley; Image Credits: Apple

“At a time when so many members of our community are facing unprecedented challenges, we believe it’s critical to make sure that their hopes for the future are supported through tangible programs and results,” said Kristina Raspe, Apple’s vice president for Global Real Estate and Facilities, in an announcement. “As cities and states have been forced to pause many of their long-term affordable housing investments amidst the current public health crisis, Apple is proud to continue moving forward with our comprehensive plan to combat the housing crisis in California,” she added.

Apple in November 2019 first announced its plans to commit funds to address the housing and homelessness crisis. It’s not the only major tech firm to do so. Amazon, Facebook, and Google are also spending money to address these problems. But these moves aren’t just about charity and good works. Apple, Amazon, Facebook and Google are partially responsible for the housing crisis to begin with, as their expansions in the region have displaced long-time residents from their homes. Over the years, tech companies have been increasingly criticized for the negative impacts they’ve had on communities, as residents that make cities function — like firefighters, nurses and teachers, for example — had to move out due to rising housing prices.

Of course, like most complexities, a number of other factors also contributed to the housing crisis, outside of tech’s impact. There are also the area’s local laws, zoning regulations, protests against building vertically, NIMBY-ism, rental control’s impact on the market, the restricted housing supply, scarcity of available land, and more.

The additional funds toward affordable housing arrive at a time when some of the Bay Area’s wealthier residents and tech employees are fleeing the city, amid the coronavirus pandemic and its related impacts, such as layoffs. According to a recently released report from Zumper in July, one-bedroom rent prices in San Francisco fell 11.8% year-over-year — the largest drop in the U.S. and beating the prior month’s record. Two-bedroom rents fell nearly 10% year-over-year.

But even a double-digit decline won’t help solve the housing crisis, as rents and home prices were already so high as to be unattainable for many of the city’s residents. Plus, the pandemic’s longer-term impacts on the region’s housing market are yet to be seen. For example, it’s unclear to what extent companies will continue to embrace remote work if a vaccine were to emerge, making it safe to return to offices.

Apple’s initiatives in the $2.5 billion commitment remain unchanged, despite the pandemic. They include $1 billion affordable housing investment fund with the state of California, $1 billion first-time homebuyer mortgage assistance fund, $300 million in Apple-owned land made available for affordable housing, a $150 million Bay Area housing fund, and $50 million to support Destination: Home’s efforts.

 

#affordable-housing, #apple, #california, #homeless, #tc

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N.Y.C., Facing Pandemic Fallout, Freezes Rent for 2 Million Tenants for a Year

Landlords, citing rising costs, had pushed for increases. Tenants had argued for rollbacks because of the coronavirus outbreak’s financial toll.

#affordable-housing, #coronavirus-2019-ncov, #income-inequality, #landlords, #new-york-city, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry, #rent-control-and-stabilization, #rent-guidelines-board, #renting-and-leasing-real-estate

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25 Million Applications: The Scramble for N.Y.C. Affordable Housing

Entrants to the city’s housing lottery have waited years, through a tiresome and complex process. Now the system is getting an overhaul.

#affordable-housing, #new-york-city, #real-estate-and-housing-residential

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Tenants Stay Current on Rent, for Now

Collections have been surprisingly strong through the pandemic, but there are troubling signs — for landlords and tenants alike.

#affordable-housing, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #landlords, #law-and-legislation, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states-politics-and-government

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How Automated Background Checks Freeze Out Renters

Algorithms that scan everything from terror watch lists to eviction records spit out flawed tenant screening reports. And almost nobody is watching.

#affordable-housing, #consumer-financial-protection-bureau, #consumer-protection, #corelogic-inc, #credit-scores, #data-mining-and-database-marketing, #landlords, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry, #renting-and-leasing-real-estate, #transunion-llc

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We Can End Homelessness In Our Cities

Our housing crisis is a symptom of America’s wealth, and its indifference.

#affordable-housing, #group-homes-and-supportive-housing, #homeless-persons, #public-and-subsidized-housing, #real-estate-and-housing-residential, #urban-areas, #veterans

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The Coronavirus Isn’t Worse in Cities Because of Density

It’s a mistake to blame density for the spread of the coronavirus.

#affordable-housing, #bassett-mary-travis, #coronavirus-2019-ncov, #deaths-fatalities, #epidemics, #harvard-university, #income-inequality, #new-york-city, #race-and-ethnicity, #real-estate-and-housing-residential, #urban-areas

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Coronavirus Crisis Threatens Push for Denser Housing

Transit-oriented developments were seen as a solution to severe housing shortages, but experts say developers need to rethink the design for a post-pandemic world.

#affordable-housing, #area-planning-and-renewal, #coronavirus-2019-ncov, #real-estate-commercial, #real-estate-and-housing-residential

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This Is What It’s Like to Be Homeless in New York City

A journalist introduces readers to a new mother struggling mightily, against all odds, to find a permanent place to live.

#affordable-housing, #books-and-literature, #brooklyn-nyc, #child-care, #homeless-persons, #labor-and-jobs, #minimum-wage, #new-york-city, #public-and-subsidized-housing, #sandler-lauren-book, #this-is-all-i-got-a-new-mothers-search-for-home-book, #unemployment, #women-and-girls

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