New York demonstrates how pension funds can be a major source of financing for affordable housing.
For more than three decades, programs in New York have used public pension funds to help finance development or preservation of affordable housing. Earlier this year, two community development corporations issued bonds, with much of the investment coming from private pension funds and mutual funds, to finance affordable housing.
Considering the $27 trillion that is being invested on behalf of seniors, the potential nationwide to tie these investments to affordable housing is significant. Although public subsidy will still be required, and financial regulations currently limit some strategies, a number of entities are pursuing ways to leverage these dollars, according to an article by Oscar Perry Abello.
FULL STORY: There's a $27 Trillion Pot of Money to Tap for Affordable 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.
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
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