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Affordable Housing

All articles tagged with #affordable housing

Mamdani’s NYC housing plan tests three bold moves to lower costs
economy42 minutes ago

Mamdani’s NYC housing plan tests three bold moves to lower costs

Mayor Zohran Mamdani’s “Block by Block” plan aims to slash NYC housing costs by boosting supply—targeting 200,000 new homes in 10 years with $2.5 billion in funding—through converting unused offices and hotels, building on public sites like Sunnyside Yards for a new complete neighborhood (requiring federal support), lowering insurance costs for affordable and rent-stabilized units, expanding ADUs and piloting basement apartments, and expanding tenant protections and downpayment/mortgage assistance for low-income buyers; success will depend on legislation and funding from local, state, and federal levels.

via Business Insider|
#adus#affordable-housing#block-by-block
NYC to Cut Rent Burden for Poorest Residents in City-Financed Homes
local4 hours ago

NYC to Cut Rent Burden for Poorest Residents in City-Financed Homes

Mayor Zohran Mamdani announced that extremely low-income New Yorkers in HPD-financed new apartments closing financing by June 2026 will pay 25% of their income in rent (down from 30%), with vouchers excluded; the plan is part of a broader goal to build 200,000 affordable homes over 10 years, including about 8,000 units per year for the next two years—roughly 2,400 at 0-30% AMI and 1,600 at 31-50% AMI—alongside new senior and mixed-generation housing, homeowner assistance, and community resilience hubs; the approach also envisions rezonings to expand housing supply and other measures to preserve and create affordable housing.

via THE CITY - NYC News|
#affordable-housing#ami#local
politics5 hours ago

Mamdani Targets NYC Housing Bottleneck with Aggressive Zoning Push

New York Mayor Zohran Mamdani unveiled a housing plan to address inequitable growth, proposing land-use changes and citywide zoning reforms to spur residential development in low-producing neighborhoods, accelerate transit‑oriented housing, and aim for 200,000 affordable homes over 10 years, using tools from the Adams era and creating a fast-track review for 12 identified districts as vacancy remains at a multi-decade low.

via Politico|
#affordable-housing#land-use#mamdani
california-politics19 days ago

Californians' housing bets go bold as Dem contenders unveil plans

Democratic gubernatorial contenders Tom Steyer, Xavier Becerra, Katie Porter and Matt Mahan roll out ambitious housing plans for California, proposing targets like 1 million homes in four years (Steyer), 40,000 shovel-ready units in 100 days (Becerra), and a 20% reduction in construction costs (Porter) plus cost-cutting and modular-building strategies from Mahan. Analysts warn such lofty goals risk overpromising due to local control, permitting bottlenecks, and funding limits, echoing lessons from Newsom’s tenure about translating promises into delivery.

via Politico|
#affordable-housing#california#california-politics
Portland's middle-housing bet could reshape affordable housing nationwide
business2 months ago

Portland's middle-housing bet could reshape affordable housing nationwide

Portland’s zoning overhaul legalized duplexes, fourplexes and backyard homes and then removed the barriers to building them, turning “middle housing” into a practical, cheaper path to homeownership; the city’s incentives and streamlined permitting have spurred more construction, a model that other cities are watching and copying.

via The Washington Post|
#affordable-housing#business#housing-policy
politics2 months ago

Mamdani Quietly Bakes Big Queens Housing Pact With Trump

New York City Mayor Zohran Mamdani’s second Oval Office meeting with President Trump reportedly involved keeping the encounter secret at the White House’s urging, as Mamdani pitched a massive Queens housing project at Sunnyside Yard—an estimated $21 billion in federal grants to deliver about 12,000 affordable homes plus parks and services. The talks reflect a rare alliance that could yield a legacy project while testing Mamdani’s progressive base, with the mayor softening his stance toward Trump and signaling more cooperation if it benefits New Yorkers; Trump praised him and the schedule hinted at further discussions, even as immigration issues and political optics loom large.

via Politico|
#affordable-housing#mamdani#oval-office
Levine Warns NYC Faces $12B Budget Gap, Plans Activist Oversight
local4 months ago

Levine Warns NYC Faces $12B Budget Gap, Plans Activist Oversight

New York City Comptroller Mark Levine says Mayor Zohran Mamdani faces a cumulative $12 billion budget gap—about $2 billion this year and roughly $10 billion next year—and vows to be an activist watchdog, outlining plans to triple the pension funds’ investment in subsidized housing to $3 billion, resume Israeli-bond purchases for the pension portfolio, and audit the Housing Preservation and Development agency to speed housing, while noting tax increases are unlikely unless Hochul includes them in her budget.

via THE CITY - NYC News|
#affordable-housing#comptroller#local
California pursues $10B housing bond as rent-cap bill stalls
politics4 months ago

California pursues $10B housing bond as rent-cap bill stalls

California lawmakers are moving a $10 billion housing bond (SB 417) to fund affordable housing, wildfire prevention, and down-payment assistance, aiming for a June ballot with the governor backing the pro-housing agenda; a separate rent-control measure (AB 1157) died in committee, while lawmakers also grapple with SB 79’s implications for transit-oriented development and displacement near mobile-home parks.

via CalMatters|
#affordable-housing#california-housing-policy#housing-bond
PHA plans $84M project to turn Germantown vacant lots into affordable rentals
local-news4 months ago

PHA plans $84M project to turn Germantown vacant lots into affordable rentals

The Philadelphia Housing Authority plans to invest $84 million to transform over two dozen vacant properties in Germantown into 121 affordable rental units, with work expected to start by spring 2027. The project aims to revitalize blighted properties, including historic sites, and provide deeply affordable housing for households earning at or below 30% of the area median income. The initiative follows a history of neglect and legal battles involving previous ownership, and is part of broader efforts to improve neighborhood housing.

via WHYY|
#affordable-housing#germantown#local-news
Mayor Adams vetoes 19 NYC Council bills amid outgoing tensions
politics4 months ago

Mayor Adams vetoes 19 NYC Council bills amid outgoing tensions

Outgoing NYC Mayor Eric Adams vetoed 19 bills passed by the City Council, including measures on housing, street vending, and police oversight, citing concerns over bureaucracy and law enforcement. He also convened a new charter revision commission, sparking controversy and potential conflicts with the incoming administration and City Council, which may seek to override some vetoes.

via City & State New York|
#affordable-housing#charter-revision#city-council-vetoes
local-government-and-housing5 months ago

State-Funded Los Angeles Housing Project Sparks City Hall Controversy

A contentious dispute over the Venice Dell affordable housing project in Los Angeles involves city officials, developers, and state authorities, with the state threatening to cut funding and strip zoning powers if the city continues to block the project, which has faced nearly a decade of opposition and legal battles.

via Politico|
#affordable-housing#local-government-and-housing#los-angeles