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Luxury Apartments Push Out More Affordable Housing | AutoTraffic

Luxury Apartments Push Out More Affordable Housing

New York isn’t the only place where the rent is too damn high. Median rent prices have now crossed a basic affordability threshold for middle-income families in 90 cities across the U.S., the New York ... read more

'We're the model': Mayor Jackie Biskupski lauds Salt Lake City's affordable housing efforts

But, in reality, her search for affordable housing proved to be far more difficult than she expected. "It was heartbreaking," she said, recalling driving around town, desperately jotting down phone nu... read more

Minneapolis may push harder for affordable housing units

The proposal, still being crafted, would represent a more aggressive effort by the city to expand its stock of affordable housing. Edina recently took similar steps this October, requiring developers ... read more

Microsoft pledges $500 million to tackle housing crisis in Seattle, Eastside

Most of the money will be aimed at increasing housing options for low- and middle-income workers — workers who “teach our kids in schools, and put out ... affordable-housing units to fill the region’s ... read more

Elrich takes heat for comment about housing for ‘millennials’

“I agree with what he was trying to say: Don’t tear down affordable housing and build luxury high rises,” said Helen Burns ... said millennials are creating demand for those newer shiny apartments.” C... read more

Amid Affordable Housing Push, Mayor Slams Luxury Condo Deal That Shuttered a Health Care Center on the Lower East Side

He's been trying to build support for his affordable housing agenda. Yet at the same time his administration set the stage for this Lower East Side building just behind me to become luxury condos ... ... read more

Affordable and luxury housing sectors heat up in the Bronx

In terms of pricing, a family of four whose income hits roughly $30,000 will pay about $650 per month for a two-bedroom apartment. Tremont Renaissance, another affordable housing ... get priced out, m... read more

EDITORIAL: Chicago has to push more affordable housing across the whole city

He’s also rolled out two housing initiatives: • New homebuyer subsidies in six neighborhoods that were hard hit by the 2008 housing crash; • A $30 million public-private fund to help developers buy an... read more

Marty Walsh wants developers to pay more into Boston’s affordable housing funds

which require commercial developers to help fund affordable housing and job training, with an eye toward increasing those requirements to help create more low-cost apartments. “We’ve been hearing from ... read more

Atlanta Outpaces National Apartment Rent Growth, But It's Approaching Its Ceiling

Plus, there was a flight to affordability as mid-rise apartments outperformed high-rise apartment towers, Haddow said. “I think it's a ceiling as to how much rents can rise. I think the top of the mar... read more

More Luxury Apartments In Boston, But Unmet Need For Affordable Rents

A recent article in the Boston Globe about a boom in luxury housing in the city found that over the next three years, more than 8,000 high end apartments will be built ... has to happen to increase th... read more
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