The U.S.Treasury Department will begin identifying and tracking secret buyers of high-end luxury real estate in Manhattan and Miami Dade County because of concerns about the illicit flow of money.
This is the "first time the federal government has required real estate companies to disclose names behind cash transactions, and it is likely to send shudders through the real estate industry, which has benefited enormously in recent years from a building boom increasingly dependent on wealthy, secretive buyers."
"The initiative," writes Louise Story of The New York Times, "is part of a broader federal effort to increase the focus on money laundering in real estate. Treasury and federal law enforcement officials said they were putting greater resources into investigating luxury real estate sales that involve shell companies like limited liability companies, often known as L.L.C.s; partnerships; and other entities."
FULL STORY: U.S. Will Track Secret Buyers of Luxury Real Estate
More Homes Underwater in Chicago Than Other U.S. Cities
One in ten Chicago homes is currently underwater, more than double the national average.
Report: Transit Oriented Development Leads the Market in Major Metros
A report released last week by Cushman & Wakefield has won a lot of attention from media outlets covering large-scale development market trends. Among the report's findings: growing cities need to better support transit-oriented development.
They Had No Heat for Months. A New Law Let Them Sue.
In New York state, tenants can now take landlords to court directly to force repairs and get damages, without withholding rent first. Here’s how one of the first tests of the new law worked.
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
The City of Broken Sidewalks
Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?
Why Some Affordable Housing Managers Are Running Education Programs
Many housing organizations are finding that educational programs are a logical — and valuable — addition to their offerings.
Anchorage Bus Depot to Reopen
After a four-year closure, a downtown Anchorage transit center will once again provide indoor waiting areas and services for bus travelers.
Mapping a Greener Future: Cal Poly Tackles Urban Canopy Challenges
Cal Poly, in partnership with Cal Fire, is leading the development of California’s new Strategic Plan for Urban Forestry, combining advanced data tools and interdisciplinary collaboration to expand tree canopy cover.
Urban Design for Planners 1: Software Tools
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.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Village of Glen Ellyn
City of Laramie
American Planning Association, Sustainable Communities Division
HUDs Office of Policy Development and Research
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners