California is now offering buyers of new housing units a $10,000 tax credit. The tax break was pushed hard by homebuilders, who say the measure should boost housing starts.
In large portions of California, homebuilding has not slowed, it has stopped completely. Entire counties are issuing only 1 or 2 permits a month for new units. People in the development and construction industry are desperate.
So a lot is riding on a tax credit for buyers of new homes, which California lawmakers approved in February as part of the state budget package. With $100 million authorized, the program could subsidize the purchase of 10,000 new units and, builders hope, spur some new construction.
But is the tax credit really any match for the fear and uncertainty that rule over the housing market?
FULL STORY: Will Tax Credit Revive Homebuilding Market?
Congress Kills Office Conversion Tax Credit
A federal tax incentive for energy efficiency upgrades is going away next year.
Portland Housing Bond Created Nearly 5,000 Units, But Affordability Remains Out of Reach
Despite better-than-expected results from multiple local housing bonds, housing costs and homelessness remain top of mind for many Oregonians.
Minnesota Seeks State Support for Office Conversions
The 30% “CUB credit” would support the conversion of buildings 15 years or older into any use that “will return that vacant area to an income-producing, habitable condition.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie