Housing News Roundup: March 6, 2015
Large-scale NYC Development May Not Include Affordable Units
Developers in New York City have until June 15 to qualify for a 15-year tax abatement under a program known as 421-a. In the final stretch before the rule’s expiration, Tishman Speyer is aiming to get one more deal finalized without an affordability requirement. Speyer’s civic commitment has been strong, but is developing multifamily housing in New York City enough to warrant a tax break?
Source: New York Times
Study Points to Surprising Reasons for Twin Cities’ Housing Segregation
Efforts to combat poverty and improve education in Minneapolis’ Twin Cities have produced the unintended effect of perpetuating racial segregation, according to a new study from the Institute on Metropolitan Opportunity, part of the University of Minnesota Law School. “Driven by political and government apathy, the well-meaning but misdirected efforts of housing developers, school reformers and the proliferation of organizations and groups with firm financial interest in maintaining segregated living patterns, our state has slowly reversed its civil rights heritage,” according to the study.
Three Cities Exploring Benefits, Drawbacks of Rent Control
Large U.S. cities continue to count rent control among their tools to combat economic and housing inequality. However, its full effect isn’t completely understood. Recent initiatives in three major U.S. population centers — New York City, Washington, D.C., and California’s San Mateo County — hope to provide officials and planners guidance on how best to manage the regulations.
Source: Next City
Prison Education Programs Would Help Ex-cons Find Jobs, Housing
California alone will release more than 50,000 people from its prison system over the next two years. A new study from researchers at the UC Berkeley and Stanford law schools argues for the importance of providing incarcerated people with affordable, high-quality gateways to higher education, which would increase their chances of finding employment and housing when they are released, which would then in turn decrease their likelihood of re-entering the prison system.
Source: Sacramento Bee
Boise is Carving its Own Path to End Homelessness
The solution to homelessness isn’t just about giving panhandlers and those living on the streets a roof and a warm meal — it’s also about doing everything possible to help people in danger of losing their homes. Nowhere is that more true than in Boise. And, faced with its own particular set of circumstances, the Idaho city is using a combination of federal, state and local funds to provide for its community’s needs.
Source: Idaho Statesman