Housing News Roundup: April 16, 2015 | How Housing Matters

Housing News Roundup: April 16, 2015

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Affordable Housing Goal in Portland, Ore. Is ‘Work in Progress’

The housing authority in Portland, Ore. has pledged funding for 80 low-income units in the South Waterfront District’s RiverPlace development. The promise is part of a larger plan to build 500 affordable units in “opportunity” areas — a designation that the housing authority freely admits it has yet to concretely define. “We haven’t put too fine a point on that,” said Home Forward Executive Director Michael Buonocore said. “We’re sort of rolling this out as a work in progress.”

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Source: OregonLive

Diversity as a Catalyst to a Healthier Community

A mixed-use, sustainable neighborhood in Victoria, British Columbia believes that adding to its diversity will make it even healthier and more successful. The award-winning Dockside Green is currently planning on adding 49 units of workforce rental housing for people earning $25,000-$60,000 per year. Catalyst Community Development Society President Robert Brown said the community hopes to attract a wide variety of new residents, from singles and couples to families and seniors. “To be ‘smart,’ cities need to have a broad diversity of income ranges, with housing made available to sufficiently serve that full range …. A healthy, robust and flourishing city or community can only be achieved [through] diversity in demographics and incomes,” said Brown.

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Source: Next City

Shipping Containers Eyed to Ease the Housing Crisis

Newark is looking to the shipping containers that dot its ports as a potential answer to its affordable housing crisis. The partnership of a construction firm and a nonprofit hope that their planned three-unit condominium — built entirely out of used shipping containers — will lower construction costs and serve as a model that other communities across the country can utilize. “Around the country people have been using containers to build, and to do that in Newark seems extremely appropriate since we have one of the largest container ports in the region,” said Mayor Ras J. Baraka, adding that “the cost of production is low. If it is a successful project, we are looking to help (them) expand and build more.”

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Source: Wall Street Journal

Why Retirement is Financially Difficult for Women

Because women earn lower wages throughout their lifetime, saving for retirement is more difficult for them. In addition to only making 78 cents for every dollar a man earns, women are also more than twice as likely to retire in poverty. The median retirement income for women in 2010 was nearly half — 59% — that of men, according to an analysis by the U.S. Government Accountability Office. The average is around $16,000 annually. (See related How Housing Matters article on the importance of home equity for retirement assets.)

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Source: CNN

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