Houston's apartment vacancy rate was among the highest in the nation before Hurricane Harvey, after the storm's destruction many of those homes will likely be put to good use.
With the destruction of Hurricane Harvey, Houston Chronicle reporter Katherine Feser points out the city is lucky to have so much slack in its apartment market. The city's apartment vacancy rate is 7.1% near the highest in the nation. "There's no precedent for the sheer number of people who will need housing, but Houston accommodated many Katrina evacuees in 2005," Feser writes.
For many displaced after the storm, apartments will be a logical choice. "[T]hey're typically more flexible on their lease terms and have properties ready for immediate move in, said Amy Bernstein, broker/owner of Bernstein Realty. Residents also want to be near their homes while repairs are underway, and apartments offer more options," Feser reports.
FULL STORY: Houston's apartment surplus will come in handy after Harvey
FEMA to Buy Flooded Houston Homes
In the hopes of helping some Houston homeowners rebuild in more sustainable living places, FEMA will buy some homes flooded during Hurricane Harvey.
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Louisville Launches ‘Anti-Displacement Tool’
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
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End Human Sacrifices to the Demanding Gods of Automobile Dependency and Sprawl
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Seattle Transit Asked to Clarify Pet Policy
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Oregon Bill Would End Bans on Manufactured Housing
The bill would prevent new developments from prohibiting mobile homes and modular housing.
Nashville Doesn’t Renew Bike Share Contract, Citing Lost Federal Funding
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Urban Design for Planners 1: Software Tools
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Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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