Results for: Affordable Housing

A significant affordable housing project in Ann Arbor, the Union at A2, is set to commence construction with a substantial funding boost from the state of Michigan. The Michigan State Housing Development Authority (MSHDA) has approved loans totaling $62.4 million for the project, including a $46.7 million construction loan. The development, situated at 2050 Commerce Drive, will provide 250 housing units for families with incomes ranging from 30% to 70% of the area median. The Annex Group, the Indianapolis-based developer, has partnered with BKV Group and local architect Brad Moore on the project. The development aligns with Ann Arbor’s goal to increase housing options for different income levels and was approved with incentives that exempt it from property taxes.

Diamond Lake Minerals Inc. (DLMI) and BOXABL Inc. have joined forces to address the pressing need for affordable housing and bring innovation to the real estate market. BOXABL’s revolutionary modular homes, like their Casita prefab studio apartment, can be mass-produced and installed on-site in a swift hour. Diamond Lake Minerals, with its expertise in digital asset financing, will provide innovative funding solutions for the development of BOXABL Villages, offering a seamless and efficient path to homeownership.

To address intergenerational equity and ensure access to affordable housing, the city of San Antonio, Texas, has implemented innovative programs involving contractors and volunteers to assist low-income residents in preserving their homes. Additionally, community-based organizations are collaborating with university researchers to confront racial bias in demolition orders while promoting affordable housing through historic preservation. These initiatives emphasize the synergy between promoting justice, equity, and sustainability goals.

A year-long legal battle between California cities and developers over the controversial ‘builder’s remedy’ law has taken a turn in favor of developers, with recent court rulings siding with their projects. This provision allows housing developments to bypass local zoning restrictions in cities lacking state-approved housing plans. With dozens of municipalities failing to meet housing plan deadlines, a surge in builder’s remedy applications has ensued, often targeting lower-density neighborhoods. Cities are grappling with these applications, with some accommodating them and others dragging their feet. Meanwhile, ongoing litigation and proposed legislation aim to clarify and rein in the builder’s remedy provision.

Ontario’s housing crisis is deepening as the Ford government redirects funds from community housing towards homelessness programs. The shift in spending has concerned advocates, who warn that it will worsen the housing crisis in the long run. They emphasize the need for more investment in building affordable housing to address the root causes of homelessness.

Pennsylvania-based developer A.R. Building Co. is proposing to construct a pair of four-story buildings with 100 apartments along Lawton Road in Canton, Connecticut. The project, if approved, would be A.R.’s first in Canton and would feature a mix of one- and two-bedroom units, an inground pool, a clubhouse, and fitness centers. A.R. currently operates over 9,000 apartments and townhouses in 10 states, with its only New England operations in Rhode Island and Connecticut.

A young family of eight from Queensland has been stranded in a tent for over six months due to a lack of affordable housing. The family’s previous lease expired, leaving them with nowhere to go. Despite reaching out to various organizations and government agencies, they have been unable to secure permanent accommodation.

The Punjab government has launched an ambitious housing project, ‘Apni Chat, Apna Ghar’, aiming to provide affordable homes to its citizens. The initiative targets the construction of 100,000 apartments across six major cities, with a unique payment plan of monthly installments of Rs 26,000. The total cost of each apartment is a mere Rs 1.5 million, making it an affordable option for many.

The Bayview-Hunters Point neighborhood in San Francisco is undergoing a remarkable transformation, turning a once-toxic area into a thriving community space. Led by the San Francisco Recreation and Parks Department, the project is restoring a “Brownfield site” into a waterfront destination with affordable housing, recreational facilities, and a farmers market. The project was initiated with grants from the U.S. Environmental Protection Agency and has attracted additional funding from state agencies and bond funds.

Maine Governor Janet Mills has signed a $430 million supplemental budget into law. The budget includes $302 million in one-time expenses for winter storm relief, general fund appropriations, and investments in affordable housing, education, and healthcare. The budget also creates a minimum wage increase for certain school staff starting in July 2025. Additionally, Governor Mills signed bills authorizing bonds for research and development projects and trail improvements.