While plenty of investors and homeowners are feeling the pain of the current real estate market, groups trying to protect land from development are welcoming the downturn.
"There's a green lining to the real-estate cloud: Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
One of the big beneficiaries is Trust for Public Land, a San Francisco nonprofit group that specializes in buying land for conservation. The Trust often struggled during property-boom years to find sellers among land owners near urban centers. Now, U.S. property owners from Massachusetts to Hawaii are flocking to it."
"In Portland, Ore., a developer that had approval to build 65 homes on a 27-acre parcel agreed in February to sell it for $4 million, a 20% discount to the land's appraised value before the housing market softened. In Groton, Mass., the Trust last July paid $19.4 million to preserve a 360-acre farm that was owned by a developer who abandoned plans to build 130 homes as housing there also slumped. The Portland land will be added to an existing park; Groton will receive the land for open space."
FULL STORY: Real-Estate Drop Has a Green Lining

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.

Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.

LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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