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Adams Considering Cutting Regulations To Spur More Affordable Housing
Mayor Eric Adams is reportedly considering allowing developments of 200 units or fewer to skip the environmental study step.
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Mayor Eric Adams is reportedly considering allowing developments of 200 units or fewer to skip the environmental study step.
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The increase in funding is part of Mayor Andre Dickens' efforts to build and preserve 20,000 affordable housing units in the city by 2030.
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Officials in Loudoun County, Virginia, say any inclusion of data centers in a mixed-use proposal near a new Metro station would lead to rejection.
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Leesburg planners called for rejecting a proposal to combine data centers with 184 affordable housing units. A similar plan in nearby Sterling failed in July.
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The program is designed to add affordable housing across Cook County in Humboldt Park, Chicago Heights, and Proviso Township.
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HUD has already awarded more than $1B in grants and loans to a variety of affordable housing projects.
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CIC raises a big pot for affordable housing and Byline Bank closes on a $9.2M loan for a Lombard office building in this week's Deal Sheet.
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The first phase of the affordable housing and transit project, Quail Roost Station, is now open.
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The Mixed-Income Neighborhoods Overlay requires 20% affordable housing in buildings of 10 units or more, and some say it has slowed construction.
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Smash The Slumlords says it can crowdfund affordable housing.
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