Housing: Page 10


  • Woman in red shirt speaking before Congress.
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    Chip Somodevilla via Getty Images
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    HUD chief targets rental fees, tenant screening

    Secretary Marcia Fudge says landlords should eliminate “duplicative, excessive and undisclosed fees” and identify “bottom-line” amounts tenants will pay.

    By Leslie Shaver • March 13, 2023
  • U.S. President Joe Biden speaking in Philadelphia.
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    Chip Somodevilla/Staff/Getty Images News via Getty Images
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    More than $175B in housing investments in Biden budget proposal

    One $10 billion mandatory measure would create incentives for state and local governments to eliminate barriers to affordable housing, such as restrictive zoning. 

    By Michael Brady • March 10, 2023
  • The top of a brown high-rise apartment building.
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    RoschetzkyIstockPhoto via Getty Images
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    The cities with the highest, lowest rental vacancy rates

    The national vacancy rate has held relatively steady over the past four quarters, according to Census data.

    By Mary Salmonsen • March 9, 2023
  • A new multifamily housing development.
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    agil73/iStock/Getty Images Plus via Getty Images
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    Affordable houses were scarce in 2022 due to mortgage rates, supply: Redfin

    The number of affordable homes listed for sale in the U.S. fell 53% from 2021 to 2022, according to a Redfin report. Black and Hispanic households struggled with affordability more than White and Asian households.

    By Michael Brady • March 6, 2023
  • A small kitchen in an apartment.
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    onurdongel via Getty Images
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    The average apartment size is shrinking

    Tallahassee, Florida, has the largest new apartments in the country at 1,182 square feet, while Seattle has the smallest at 659 square feet, according to a new study.

    By Mary Salmonsen • March 2, 2023
  • Rendering of the planned Penn Station redevelopment
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    Courtesy of Office of Gov. Kathy Hochul
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    ‘Impossible to build’: REIT Vornado postpones mixed-use development planned for New York’s Penn Station

    The Vornado development is part of New York Gov. Kathy Hochul’s plan to redevelop Penn Station with tax revenue generated by the project.

    By Sebastian Obando • Feb. 28, 2023
  • Seattle skyline.
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    Philip Kramer/DigitalVision via Getty Images
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    Seattle voters poised to approve public development authority for affordable housing

    Initiative 135 creates a publicly-owned organization to develop, own and maintain housing for those earning up to 120% of the area's median income.

    By Michael Brady • Feb. 24, 2023
  • Former U.S. Senate Majority Leader Sen. Chuck Schumer speaks at a press conference at the U.S. Capitol on March 10, 2021, in Washington, D.C.
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    Tasos Katopodis/Stringer/Getty Images News via Getty Images
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    ARPA fund spending shows regional differences in local government priorities, researchers say

    Large cities and counties have spent the largest share of state and local fiscal recovery funds from the American Rescue Plan Act on government operations. But their spending on other priorities diverges from there, researchers found.

    By Michael Brady • Feb. 23, 2023
  • Aerial view with Lower Manhattan skyline at sunset viewed from above Hudson River.
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    Ultima_Gaina via Getty Images
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    New York City aims to improve access for people with disabilities to homeless shelters, affordable housing

    Mayor Eric Adams signed four bills to create an accessibility advisory board, mandate signage for power-operated doors, and require new city-funded housing developments to use universal design principles, among other efforts.

    By Michael Brady • Feb. 22, 2023
  • Skyscrapers on either side of a river with a yellow tourboat gliding on it.
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    Mlenny via Getty Images
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    Chicago adopts citywide equity and resiliency plan

    The We Will Chicago plan aims to address eight issue areas, including housing and economic development, in its 40 goals and 150 objectives. 

    By Michael Brady • Feb. 21, 2023
  • New York City police detain a resident during a homeless encampment sweep.
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    Stephanie Keith/Stringer/Getty Images North America via Getty Images
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    Homeless encampment sweeps costly and of limited long-term effectiveness, according to federal research

    City spending on clearing encampments in 2019 ranged from $140,000 in Chicago to $4.9 million in San Jose, California.

    By Karen Kroll • Feb. 21, 2023
  • U.S. President Joe Biden signs an executive order in Washington, D.C.
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    Alex Wong/Staff/Getty Images North America via Getty Images
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    Biden signs executive order to advance racial equity

    The directive requires federal agencies to improve their community outreach, boost investments in underserved communities and address population displacement, among other initiatives.

    By Michael Brady • Feb. 17, 2023
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    Patrick Smith via Getty Images
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    Baltimore exceeded homeless housing goals in 2022

    The city found housing for 1,443 households experiencing homelessness in 2022 and added more than 2,500 affordable housing units to its development pipeline while receiving aid through a federal housing-first program.

    By Danielle McLean • Feb. 16, 2023
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    Mario Tama/Getty Images via Getty Images
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    Los Angeles eyes city properties for homeless shelters, housing

    Mayor Karen Bass directed city officials to identify underused or unused properties the city could turn into shelters or permanent housing with on-site supportive services for individuals experiencing homelessness. 

    By Danielle McLean • Feb. 14, 2023
  • low-rise red apartment building
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    Andrey Sayfutdinov via Getty Images
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    Rents stay flat as landlords aim to cut costs

    Rent growth declined year over year, while job growth remains strong and household incomes are stable, according to real estate technology company Yardi Matrix.

    By Mary Salmonsen • Feb. 14, 2023
  • Digital data flow on road with motion blur to create vision of fast speed transfer.
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    NanoStockk/iStock/Getty Images Plus via Getty Images
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    Smart city conferences to attend in 2023

    The tenth Bloomberg CityLab — a global cities summit — will take place in Washington, D.C., this fall.

    By Michael Brady • Updated Sept. 5, 2023
  • An office building in New York City.
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    franckreporter/E+ via Getty Images
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    Office-to-residential conversions often hinge on government cooperation

    Adapting offices for residential use is often more difficult, more expensive and less profitable than new construction, one developer said.

    By Dan Rosenbaum • Feb. 13, 2023
  • Downtown San Francisco
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    f11photo via Getty Images
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    San Francisco announces downtown revitalization strategic plan

    Mayor London Breed said the downtown road map contains nearly 50 initiatives and nine strategies for revitalizing the neighborhood in the wake of the COVID-19 pandemic. 

    By Danielle McLean • Feb. 10, 2023
  • Aerial view of Manhattan, New York, construction site.
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    AerialPerspective Works/E+ via Getty Images
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    Insulating existing buildings with low-carbon and carbon-storing materials can reduce emissions: report

    “Deep energy retrofits” that use certain insulation systems can turn existing buildings into storehouses of carbon instead of emitters of greenhouse gases, according to an RMI report.

    By Michael Brady • Feb. 9, 2023
  • People on bicycles in Pittsburgh, PA.
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    pawel.gaul via Getty Images
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    Pittsburgh office-to-residential conversion fund begins to accept bids

    Pittsburgh’s redevelopment agency is accepting funding applications from developers looking to convert underutilized downtown office buildings into affordable residential housing.

    By Danielle McLean • Feb. 8, 2023
  • Downtown Philadelphia.
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    Sean Pavone/iStock/Getty Images Plus via Getty Images
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    Philly launches digital tool to ease building permitting process

    The pilot aims to improve access to information about necessary permits, approvals and other requirements for some residential and commercial projects, the city said.

    By Michael Brady • Feb. 7, 2023
  • Statue of Liberty and New York City Skyline with Manhattan Financial District, Battery Park, Water of New York Harbor, World Trade Center, Sail Boat and Dramatic Orange and Blue Sunset Sky with Clouds
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    OlegAlbinsky via Getty Images
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    Top 10 metro areas for construction starts

    Even when adjusted for inflation, commercial and multifamily construction starts were robust in 2022 as projects moved back toward urban cores, according to a new report.

    By Sebastian Obando • Feb. 6, 2023
  • A residential San Francisco street.
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    ibsky/iStock/Getty Images Plus via Getty Images
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    California approves San Francisco’s plan to build 82,000 homes

    More than half the homes will be affordable units for low- and moderate-income households, helping the region meet its affordable housing goals.

    By Michael Brady • Feb. 3, 2023
  • A new multifamily housing development.
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    agil73/iStock/Getty Images Plus via Getty Images
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    Florida Republicans propose state rent control ban with affordable housing funding and incentives

    Senate Bill 102 would prohibit local rent controls and use tax incentives, gap financing and additional state funding to boost affordable housing. Affordable housing advocates say the proposal leaves renters vulnerable.

    By Michael Brady • Feb. 2, 2023
  • Matching Day and Night New York Skyline at sunrise, midday, night and on a rainy day.
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    ferrantraite via Getty Images
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    2023 Smart Cities Outlook

    In the year ahead, city leaders will face economic headwinds while tackling the housing shortage and changes in travel behavior and decarbonizing transportation and buildings.

    By Michael Brady • Feb. 1, 2023