Tags: Affordable Housing

California gives BART control over development at its stations

California gives BART control over development at its stations

BART can draft plans to fill empty station parking lots with dense housing and shops, under a state law that Gov. Jerry Brown signed late Sunday. The bill empowers the transit agency to zone its properties — an estimated 250 acres of blank asphalt — and limits cities’ ability to delay or obstruct development. “We… READ MORE

How the New U.S. Tax Law Affects Community Development Projects

How the New U.S. Tax Law Affects Community Development Projects

The new U.S. tax law is considered one of the biggest tax overhauls since 1986 affecting community development projects. As Congress cobbled together the biggest tax overhaul since 1986, they nearly wiped out the essential sources of funding for large-scale community development projects—namely, three federal tax credit programs that attract private investment for neighborhood revitalization…. READ MORE

Bay Area’s Housing Crisis Could Chase Facebook, Others Away

Bay Area’s Housing Crisis Could Chase Facebook, Others Away

High housing costs in Silicon Valley have at least one major tech company threatening to move elsewhere. Facebook Vice President of Communications and Policy Officer Elliot Schrage told investors during the company’s annual shareholders meeting that Bay Area housing costs need to be addressed if tech firms, such as Facebook, want to remain in Silicon Valley, Realty… READ MORE

City Hall promises to scale back price of affordable housing

City Hall promises to scale back price of affordable housing

“We cannot provide affordable homes for our families if we cannot afford to build these homes to begin with,” says mayor Soon to be outgoing Mayor of San Francisco Mark Farrell announced ambitions this week to combat the rising cost of affordable housing construction in San Francisco. Via a Tuesday press release, the mayor’s office… READ MORE

Faith Organizations Partner with Private Developers to Build Affordable Housing

Faith Organizations Partner with Private Developers to Build Affordable Housing

Increasingly, faith-based institutions are partnering with private developers to develop vacant or underutilized parcels—more specifically, to help bridge the affordable housing divide. Since the 1970s, St. John’s Global Ministries of the Kingdom, a 93-year-old Baptist church in Queens, has sought to build a new church and develop an unused lot. Now, with the help of the… READ MORE

Could a single dollar transform a south Stockton neighborhood?

Could a single dollar transform a south Stockton neighborhood?

A dollar these days might buy you half a cup of coffee, one-third of a gallon of gas or one-quarter of a McDonald’s Quarter Pounder. But there is at least one exception to the vanishing buying power of a $1 bill. Consider the city-owned 1.6-acre vacant lot on the east side of Airport Way bordered… READ MORE

S.F. Muni yard could become one of Mission’s largest housing sites

S.F. Muni yard could become one of Mission’s largest housing sites

Mission activists have pushed for more affordable housing in new projects, and the city currently requires 25 percent affordable housing for new rental projects in the Mission. San Francisco Municipal Transportation Agency wants a developer to rebuild a full-block maintenance facility in the Mission that could also include new housing. The 4.4-acre property, which houses… READ MORE

Congress Helps Affordable Housing Developers

Congress Helps Affordable Housing Developers

The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program. Affordable housing developers got a nice surprise when Congress passed its federal budget for 2019, which became law in March 2018. “The recently enacted omnibus contains some welcome increases that will help affordable housing production,” says Scott Hoekman,… READ MORE

Developers Break Ground On Long-Awaited Affordable Housing Project Near Fruitvale BART

Developers Break Ground On Long-Awaited Affordable Housing Project Near Fruitvale BART

Construction is underway for an affordable housing project over a decade in the making near the Fruitvale Bay Area Rapid Transit station in Oakland. Developers Unity Council and the East Bay Asian Local Development Corp. will build a 94-unit affordable housing complex on a BART surface parking lot, the San Francisco Chronicle reports. Casa Arabella… READ MORE

Why this South Bay city with a good housing record will oppose new California transit-oriented housing bill

Why this South Bay city with a good housing record will oppose new California transit-oriented housing bill

Milpitas enjoys a reputation among Santa Clara County cities as having made more progress toward meeting the housing needs of its residents than any other. But on Tuesday night, its City Council unanimously voted to send a letter to the California Legislature opposing Senate Bill 827, which has been touted by Silicon Valley business leaders… READ MORE

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