Housing News Roundup: May 5, 2015
Affordable Housing May Be Coming to Boston’s T Lines
Boston officials are considering a strategy to sell public transit-adjacent land for below fair market values to developers who agree to build affordable housing. The bill would cover land along sections of the Red, Orange, Blue and Green MBTA lines. As it stands, the high cost of land near the T stations makes it difficult for developers to build affordable units. “We are talking thousands of units,” Sheila Dillon, Boston’s housing chief and head of the Department of Neighborhood Development, said of the potential impact.
Source: Boston Globe
Preparing for the S.F, Silicon Valley Spillover
One developer is betting that the East Bay city of Fremont, Calif., will benefit from the increasing scarcity of building space in San Francisco and Silicon Valley. Lennar Corp. will turn the 111-acre parcel of what was once a car-manufacturing plant into 2,200 apartments and houses, as well as commercial space, focused around a new commuter rail station. “This is a highly desirable site,” said Gordon Jones, Lennar’s Bay Area division president. “It’s in a constrained housing market in proximity to well-paying jobs and easy access to transit.” The article does not note whether any units will be designated as affordable.
Source: Wall Street Journal
‘Community Schools’ Would Bring Social Services to Students in Need
New York City has announced its blueprint to build 128 “Community Schools” that would incorporate social services as a way of improving student achievement. The city has determined that housing, child care and other issues can be impediments to student success. The schools will include tutoring, onsite health clinics, social workers and adult education programs. “Community Schools offer a transformative approach to meeting the needs of every child and will put our students on a path to college and meaningful careers,” said Schools Chancellor Carmen Fariña.
Source: New York Daily News
Everyone Lives Better in Communities Designed for Aging in Place
Cities that focus on helping residents to age in place also end up appealing more to younger populations. “[A]ging baby boomers want many of the same things as millennials,” according to writer Ted McClelland. “They want to be mobile and social, with easy access to bus stops, grocery stores, parks, pharmacies and hospitals.” The Organisation for Economic Cooperation and Development estimates that people ages 65 and older will account for 25.1% of the population in their 30-plus member countries by 2050.
Source: Next City