Yorktown was a booming exurb of Chicago, until the mortgage crisis put the kibosh on a number of developments in progress. Residents of these 'ghost towns' find themselves stuck with properties they can't sell.
"Unfinished subdivisions now dot once-open spaces on Chicagoland's fringes and in other exurban areas across the United States. Search online for "unfinished subdivision" and watch half-built housing developments pop up from Arizona to Georgia, Florida to Michigan.
Residents are stuck, some literally in the weeds, in homes that are losing value and, in many cases, impossible to sell.
Almost two years ago, Tracy and Michelle Miller were among the first families to move into Yorkville's Grande Reserve, a project of more than 1,100 acres that was to include 2,650 residences in 19 distinct neighborhoods.
Now the Millers want out."
Read the full story: Yorkville spurt now stunted
Subprime Loans Are Back—Now They're Called Nonprime Loans
Some say that "nonprime" loans will create the same financial ruins as their "subprime" predecessors. Others say the housing market needs ways for more people to buy homes and drive the industry.
The Last Days of the Home Affordable Modification Program
The Washington Post takes stock of the Home Affordable Modification Program (HAMP) in its final days, finding a program hampered by bad faith from large banks and bad oversight by the Treasury Department.
The Case for Making Federal Housing Programs Like HAMP and HARP Permanent
There have been a number of federal and state programs to address the housing and foreclosure crisis. While these programs have helped a lot of people and continue to do so, many people that are qualified still have trouble completing these programs.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment
The Missouri city will host the 2028 Olympic soccer group stage and knockout matches.
Dallas releases zoning code overhaul to officials
The drafted overhaul is over 400 pages long.
NYC renovations for dangerous, ‘mercilessly crammed’ street delayed until 2027
Construction was supposed to begin this fall.
San Diego’s Midway Rising project gets greenlight from city council
The project looks to become the largest affordable housing development in California's history.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello