This puts the city’s total “affordability gap” at $18 billion a year, or 4 percent of the city’s GDP. As London’s economy has boomed over the past two decades, the city’s annual home completions increased by just over 10 percent, falling far short of demand a...
C.A.R. Vice President and Chief Economist Jordan Levine predicted that “High inflationary pressures will keep mortgage rates elevated, which will reduce homebuyers’ purchasing power and depress housing affordability in the upcoming year. With borrowing costs remaining high in the next 12 months, a...
The idea of planning for transit-oriented development is a timely one in Groton, where a study about extending Shore Line East commuter rail service from New London to Westerly includes a possible stop somewhere along Route 1. The area is currently dominated by strip malls a...
s total “affordability gap” at $18 billion a year, or 4 percent of the city’s GDP. As London’s economy has boomed over the past two decades, the city’s annual home completions increased by just over 10 percent, falling far short of demand and driving home pri...
Introduction: Present the role of governments in addressing urbanization and housing affordability challenges: "Governments play a crucial role in finding solutions to the challenges posed by urbanization and housing affordability." Discuss affordable housing programs: "Firstly, governments can implement affor...
Today, these buildings must cater to a highly diverse and transient population, navigating the pressures of affordability, density, and the evolving living standards of young adults. With rapid urbanization and increasing student mobility, universities now face the challenge of designing housing that is...
It merely offers “affordability” as a convenient marketing slogan. I hope this letter clarifies the realities of the so-called affordable housing schemes and prompts a re-evaluation of what truly constitutes affordable housing. It is imperative that both the public and the Minister for Housing ...
Brian Kavanagh on the interlocking crises of housing affordability The state senator was a cheerleader for Gov. Kathy Hochul’s failed housing plan. ByJustin Sondel May 15, 2023 Kathy Hochul has a year to build a YIMBY coalition The need for more housing persists, and all is not lost in ...
public-private partnerships, and community revitalization grants. A comprehensive strategy will boost housing supply across the board. Rather than focus on just one area, addressing affordability in both cities and suburbs will provide inclusive and equitable solutions. This balanced approach is the most...