The Obama Administration has announced a plan to invest $4.25 billion of stimulus money to build low-income rental housing.
The move goes against previous housing approaches that favored policies that made it easier for people to own their own homes.
"The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.
Analysts say the approach takes a wrecking ball to Bush's heavy emphasis on encouraging homeownership as a way to create national wealth and provide upward mobility for low- and working-class families, especially minorities. Housing and Urban Development Secretary Shaun Donovan's recalibration of federal housing policy, they said, shows that the Obama White House has acknowledged that not everyone can or should own a home."
FULL STORY: President shifts focus to renting, not owning
Renting the American Dream
Home ownership remains a major part of the American dream. But more and more people are beginning to question the wisdom of investing in a home and are leaning towards renting.
Office Vacancies at Federal Agencies as High as 75 Percent
Many federal agencies are sitting on underutilized buildings, causing a congressional committee to call into question the need for so much real estate.
As Home Prices Rise, So Does the Number of Renters
The intense competition in today's housing market means more people might have to settle for rental housing.
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.
The French Solution to Congested Tunnels: Make Them Car-Free
Bay Area transportation officials keep expanding car capacity. Lyon’s Croix Rousse Tunnel offers a different way.
Missouri Governor Reverses Anti-Discrimination Housing Policies
A new state law bars cities from prohibiting source-of-income discrimination against tenants using Section 8 housing vouchers.
USDOT Launches Unfunded 'SAFE ROADS' Program
The program targets “distractions” and “political messages or artwork,” and paves the way for autonomous vehicles.
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Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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