Affordable housing initiatives have stalled with the collapse of the market in tax credits which fund construction. Advocates are resting their hopes in the stimulus bill to turn things around.
"With the whole housing market in a deep freeze, it's perhaps not surprising that fewer low-income units – which require huge subsidies to get built even in flush times – are being constructed. But the slowdown is happening at a time when rising foreclosures are forcing more people into the rental market.
The problem stems from the fact that the primary mechanism for expanding housing for the poor – tax credits – has collapsed. These credits, though little known, are responsible for financing as much as 70 percent of the cost of constructing new low-income housing.
The stimulus bill being debated this week in the US Senate does just that. So far, it would grant $2 billion to be distributed to individual states to fill affordable-housing financing gaps. Under the House version of the bill, the US government would buy a portion of credits that developers couldn't sell, in the hope that would be enough to get construction moving again."
Read the full story: Affordable housing hits a wall in time of rising need
The 'INVEST in America Act' Would Help States Kick the Highway Habit
While Congress debates its bipartisan infrastructure deal, a House-approved bill, the INVEST in America Act, waits in the wings with the potential to alter the direction of transportation planning in the United States.
Updated: Strong Towns: Bipartisan Infrastructure Bill Would 'Make our Infrastructure Crisis Worse'
To some, the agreement promises too much funding for traditional infrastructure programs rather than 'adaptations and innovations.'
Direct Payment, Rent Relief, Homelessness Funding in Expanded 'California Comeback Plan'
Nearly 6 million Californians will receive $600 in economic stimulus checks as the state makes a plan to spend its surprise, massive budget surplus. $2.6 million for rent relief and $2 billion to pay utility bills are also planned.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Brightline West’s future may rely on $6 billion federal loan
The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.
LA Metro’s ultimatum: no extra buses for LA28 if federal funding isn’t imminently secured
If Metro does not provide additional buses, LA28 organizers will have to find a new way to manage Olympic traffic. LA28’s budget does not include a line item for transit.
Colorado’s Largest Data Center Could Rise Next to Homes — Without a Public Hearing
The proposed campus would consume 11 times the power of Denver International Airport; as it has across the country, opposition mounts.
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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