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."
FULL STORY: Yorkville spurt now stunted
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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.
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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.
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
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