A Public-private Answer To Affordable Housing
As federal funds to subsidize housing dwindle, a New York nonprofit pledges $1 billion to ease the squeeze.
"With the still-booming real estate market driving up rents, more than 14 million American families have critical housing needs...
To help meet the demand, the Enterprise Foundation - a nonprofit group that leverages financing - has pledged an unprecedented $1 billion to New York over the next five years to make it possible for developers like Mr. Magistro to build tens of thousands of new units. It's part of Mayor Michael Bloomberg's goal of building 65,000 new affordable units in the city. And as federal funds to subsidize housing are dwindling, the effort is drawing national attention."
Thanks to Chris Steins
Full Story:
Published on Tuesday, November 16, 2004 in
- Home Builders Aren't Building the Smaller Homes the Market Wants
- Recycling Is Cancelled
- Study: Density Can Impede Growth
- Seattle Gives Final Approval to 27 Upzones
- 'Urban Luxury' Housing Skyrockets in Texas and Beyond
- The Case for Fourplexes in Portland
- Many Norms, Few Plans: Urban Rubble Clearance in the Cities of the Global South
- Chinese Cities Build Big Despite Shedding Residents
- Scrutiny for HUD Secretary Ben Carson's Schedule
- Santa Monica Pedestrian Mall Wants People to Hang Out
- Vital Lessons From the Midwest Bomb Cyclone and Flooding of 2019
- Bipartisan Support for Federal Diesel Emissions Reduction Bill
- Washington State Needs Funding to Address Culvert Issue
- Jeep Plant Isn't Getting a Warm Reception From Detroit Residents
- The Cuyahoga River Once Caught Fire, Now its Fish Are Safe to Eat
- The Resilience of Culture
- A New Look at Causes and Effects of Pollution, From Production to Consumption
- At World Oil Conference, No One Questioned Climate Change Science
- Ottawa Light Rail On Track to Expand
- New Dog Park a First for Downtown Phoenix
