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Berkeley is developing its own cryptocurrency to fund affordable housing

As the federal government continues to curtail funding for affordable housing development nationwide, the city of Berkeley, California is moving to create its own cryptocurrency in an effort to potentially replace outlays for affordable housing from Washington with municipally-backed crypto-bonds. The so-called “crypto-impact” proposal is the brainchild of Berkeley city councilperson Ben Bartlett and Berkeley […]

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Here’s the first big affordable housing complex slated for East New York

Today the City Planning Commission (CPC) heard development updates from East New York, the first city neighborhood to be completely rezoned under comprehensive affordable housing rules passed in 2015. To achieve the goals of the rezoning, the East New York Neighborhood Plan was approved in April 2016, and now, a year and a half later, […]

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COOKFOX’s green affordable housing complex will open in the Bronx

This Wednesday, an affordable housing development in the the Bronx designed by COOKFOX Architects will hold its long-anticipated ribbon-cutting. The developments are dubbed Park House and Webster Residence, the former house containing 248 units and opening this week, the latter containing an additional 170 units and opening in 2018. Both are intended for low-income and formerly homeless households. […]

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Affordable housing coming to Denver’s booming River North neighborhood

Denver, Colorado–based affordable housing developers Urban Land Conservancy (ULC) and Medici Consulting Group (MCG) recently revealed plans to move forward on a project that aims to establish a transit-oriented development at the heart of the city’s booming River North Art District (RiNo) neighborhood. The so-called Walnut Street Lofts—an architect for the project has not been […]

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Hip-hop museum and affordable housing complex to rise in the South Bronx

Last Friday, the New York City Economic Development Corporation (NYCEDC), along with the Departments of Housing Preservation and Development (HPD) and Parks and Recreation (DPR), announced a massive new project in the South Bronx spearheaded by L+M Development Partners. Dubbed Bronx Point, the project is located on city-owned land on the waterfront of the Harlem […]

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Abandoned NYC hospital to be redeveloped as affordable housing

Hoping to bolster its stock of affordable housing, New York City last week issued an RFEI (Request for Expressions of Interest) to redevelop the long-abandoned Greenpoint Hospital in Brooklyn into 500 supportive and affordable apartments. The 146,100-square-foot complex includes three buildings and open land that have been sitting empty since 1983. “It makes no sense in […]

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The (Un)Affordable Housing Fair will change how you see gentrification

In response to New York City Mayor Bill de Blasio’s Housing New York plan, Syracuse University’s Gentrification Lab is exhibiting its (Un)Affordable Housing Fair, a show of six provocative ideas that challenge the idea of an affordable city. The fair will present six imaginary agencies and their housing proposals for the Bronx, Harlem, and Midtown Manhattan. […]

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Oregon bill would encourage new affordable housing but has preservationists up in arms

A controversial bill under consideration that seeks to impose a 100-day limit on reviews for housing developments containing affordable units is currently up for debate in Oregon. The far-reaching bill, known as HB 2007, would require cities and counties in the state to not only “review and decide on applications for certain housing developments containing […]

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San Francisco modernizes its affordable housing lottery process

While we may live in Dickensian times, San Francisco has taken a small but important step toward humanizing the process by which qualifying individuals and families can apply to be considered for the city’s affordable housing lottery. Previously, San Francisco’s Office of Housing required would-be affordable housing dwellers to fill out hefty applications and apply in […]

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Historic abandoned Sears complex transformed into affordable housing

Sears and Roebuck Company may no longer be the giant it once was, yet its physical presence is still all over the city of Chicago. As the company had no brick and mortar retail stores until nearly 30 years after its founding in 1886 as a mail-order catalog, many of its earliest buildings were for […]

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$1.5 billion Hallets Point project in Astoria given green light for a second time as Cuomo secures affordable housing plan

The Hallets Point project in Astoria, Queens, is back on track after Governor Cuomo secured approval of the Affordable New York program earlier this month. The scheme is essentially a replacement for the “421-a” initiative which had been in place for 50 years and encouraged city developers to build more affordable homes incentivized through tax breaks. Backed […]

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