California is now offering buyers of new housing units a $10,000 tax credit. The tax break was pushed hard by homebuilders, who say the measure should boost housing starts.
In large portions of California, homebuilding has not slowed, it has stopped completely. Entire counties are issuing only 1 or 2 permits a month for new units. People in the development and construction industry are desperate.
So a lot is riding on a tax credit for buyers of new homes, which California lawmakers approved in February as part of the state budget package. With $100 million authorized, the program could subsidize the purchase of 10,000 new units and, builders hope, spur some new construction.
But is the tax credit really any match for the fear and uncertainty that rule over the housing market?
FULL STORY: Will Tax Credit Revive Homebuilding Market?
Minnesota Seeks State Support for Office Conversions
The 30% “CUB credit” would support the conversion of buildings 15 years or older into any use that “will return that vacant area to an income-producing, habitable condition.”
Federal Government May Make About-Face on EV Purchases
The incoming administration appears poised to slash funding for electric vehicles and charging infrastructure.
Opinion: Ending the EV Tax Credit Would Be “Major Setback” for US Automakers
Trump’s proposal to eliminate the federal electric vehicle credit could have severe repercussions for the domestic auto industry.
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.
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Washington Legislature Passes Rent Increase Cap
A bill that caps rent increases at 7 percent plus inflation is headed to the governor’s desk.
From Planning to Action: How LA County Is Rethinking Climate Resilience
Chief Sustainability Officer Rita Kampalath outlines the County’s shift from planning to implementation in its climate resilience efforts, emphasizing cross-departmental coordination, updated recovery strategies, and the need for flexible funding.
New Mexico Aging Department Commits to Helping Seniors Age ‘In Place’ and ‘Autonomously’ in New Draft Plan
As New Mexico’s population of seniors continues to grow, the state’s aging department is proposing expanded initiatives to help seniors maintain their autonomy while also supporting family caregivers.
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This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Learn the tools for implementing Universal Design in planning regulations.
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