#housing-growth

#housing-growth

The Homekey project at 1237 San Antonio Road has been in the works since fall 2023, when city and state leaders touted its importance in addressing the local and regional housing crisis.

Only 32 sites across the country have benefited from a scheme that was launched to tackle vacancy in towns and villages and allow people to build homes.

The MoveDetroit coalition launched 'Make Detroit Home,' offering up to $15,000 to entrepreneurs, creatives and small business owners willing to relocate. Over 300 participants will split more than $500,000 in benefits covering home down payments, renovations, rent, or business expenses.

One resident of Princeton's Western Section told the room, 'Those of us who own historic homes are subsidizing the community' - and was met with applause.

Good urbanism should transcend politics. Socialists and capitalists can walk the same neighborhood and agree it's a pleasant place to live. They can each appreciate the tree canopy, the corner café with people spilling onto the sidewalk, the mix of ages on bikes and on foot, the architectural details of older buildings, and so on.

Galliard Homes reduced the amount of affordable housing in the project's housing stock from 35 per cent to just 10 per cent, citing increased construction costs and changing building regulations as key factors.

BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.

The project will stitch new housing, ground-floor retail and artist space into a canalfront esplanade, with about a quarter of the apartments locked in as permanently affordable.

The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.

My friends and I are early 30s professionals living in one of America's most expensive cities and making middle-class incomes. None of us can afford to buy or save for a home here. We all rent, but we're not broke. We save for kids and retirement and illness, but a home isn't in the cards. But recently, we think we might have found an unconventional loophole.