Housing News Roundup: March 3, 2015
Marriott Looks to More Accessible, Urban HQ to Attract Younger Workers
Marriott International will move its headquarters from suburban Bethesda, Md., in order to increase its appeal to younger workers. “I think it’s essential we be accessible to Metro and that limits the options,” said chief executive Arne M. Sorenson. “I think as with many other things our younger folks are more inclined to be Metro-accessible and more urban. That doesn’t necessarily mean we will move to downtown Washington, but we will move someplace.” The company’s lease on more than 900,000 square feet of space expires in 2022.
Source: Washington Post
New Chart Details Changing Patterns of Income Disparity
People living in city centers and outer suburban areas are faring better than those living in inner suburbs, according to a new tool developed by the Demographics Research Group of the University of Virginia’s Weldon Cooper Center for Public Service. The chart and accompanying study find support for the “new donut” model of cities, which argues that increasing poverty is hurting inner-ring suburbs, while urban cores continue to benefit from attracting younger, more educated residents.
Poorer Housing Directly Linked to Poorer Health Outcomes
Approximately 40% of people with annual household incomes below $25,000 believe that poorer housing conditions are directly related to poorer health, according to a new NPR poll. An extensive research base supports this, showing that people who move into better housing take fewer trips to the emergency department to deal with routine health problems and experience lower levels of chronic health conditions.
R.I Working to Connect Low-Income Communities with Renewable Energy Programs
Rhode Island is taking steps to ensure its low-income communities benefit from its energy resource programs. The state has determined that of more than 100 renewable energy projects funded through its Office of Energy Resources, few benefited affordable housing and low-income groups. “We have an obligation to assure that (these programs) align so that it’s functional in all communities,” said Ken Payne, chairman of the Distributed Generation Contracts Board.
Source: ecoRI News
The Most Affordable Town in Every State
Fayetteville, Alabama. Brookfield, Massachusetts. Rangely, Colorado. These are the most affordable small towns in their respective states, according to a new study that looked at all 50 states. Business Insider analyzed housing affordability for towns with populations between 1,000 and 10,000 using data from the American Community Survey. The most affordable small town in each state has the largest share of renters and homeowners who spend no more than 30% of their annual income on housing costs.
Source: Business Insider