A new shared equity affordable housing model is being tested in Australia.
Five per cent of two new release housing areas in Sydney are planned to be set aside for shared-equity affordable housing. Potential owners will be means tested and will own their house as tenants in common (a form of joint ownership) with an investor or welfare agency. Under this model, half of the home, risk and mortgage payments are owned or covered by the investor/welfare agency for at least 10 years. Due to the shortage of affordable housing in Sydney it is anticipated that ballots will need to be held to select purchasers.
Thanks to Charlotte Fitzgerald
Read the full story: The great house lottery - but only for low earners
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
‘Going backwards:’ Baltimore mayor, students rally against state's transit funding plan
Maryland's proposed six-year plan provides no funding for Baltimore’s BMORE bus program and reduces its road maintenance funding.
Mamdani sent nearly 6,000 pied-à-terre tax warnings to homes that didn’t qualify
A judge has ordered the administration to cancel thousands of pied-à-terre tax notices after it sent 35% of them erroneously.
One of nation’s poorest counties to receive $6 billion data center
The developers estimate the project will create 200 permanent jobs and 1,000 temporary construction jobs.
MTA expects Trump’s tariffs to increase new NYC transit costs by $1 billion
The Metropolitan Transit Authority said the cost of new subway cars has risen by 30% since Trump began his second term as president.
Alaska takes public comment on new long-term plan for roads, bridges and more
Alaska's draft Statewide Transportation Improvement Program includes over $1 billion for the Alaska Marine Highway System.
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.
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