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: A public-private answer to 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.
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