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“Key vote will determine if NYC sees end of new affordable-housing construction” In a surprise move, the City Council’s Land Use Committee is poised to vote down the One45 rezoning proposal on Tuesday without even submitting the usual recommendations for changes to City Planning. With the future of any affordable-housing construction now in doubt as…
“Staff shortage at NYC’s HPD stalls affordable apartments” A staffing shortage at the Big Apple’s biggest housing agency is slowing down plans to develop and build badly needed affordable apartments, which advocates charge is further compounding the city’s decades-long shortage. The division of the Department of Housing Preservation and Development charged with the construction of…
“NY affordable housing program set to lapse as Big Apple rents soar” Progressives are on the verge of killing one of the Big Apple’s biggest and most controversial affordable housing programs, potentially nixing the construction of thousands of new rent-stabilized apartments as rents soar across the city. Efforts to extend or overhaul the 421-a program…
“Why I moved my family into a yurt in Yukon” Melissa Antony was priced out of the housing market, so she imported a traditional Mongolian home—and has never been happier Melissa Antony began her search for a home in the Yukon in the middle of the pandemic. Property prices were soaring, even in the North,…
“This man is building a tiny-home utopia in P.E.I.” On Route 6 in Bedford Station, Prince Edward Island, a retired jack of all trades is on a mission. Jim Walmsley spends long days clearing part of his 25-acre property with the goal of opening a tiny home community for those priced out of the market….
“This family left their Toronto bungalow for rural Nova Scotia” Nevena Nikolich and Tim Cathcart traded in their urban life to live among the forests and trees outside of Halifax The buyers Nevena Nikolich, a 50-year-old education-credential evaluator; Tim Cathcart, a 50-year-old former electrical engineering technologist and stay-at-home dad; sons Thomas, who’s 14, and Lukas, who’s…
“NYC pols are about to display their housing ignorance” City Council members just put off a show hearing set for Tuesday on two housing issues that the state controls in a bid to win progressive cred. Wise move: It could only expose their gross ignorance (or cynicism) instead. The issues themselves remain alive: One is…
“Bay Area home offers ‘bunk bed pods’ for $800 a month” The housing crisis in the San Francisco Bay Area has gotten so bad that one startup is now offering renters the chance to live in a “bunk bed pod” with 13 other people for just $800 a month. Brownstone Shared Housing posted an ad…
“Rent hikes aren’t nearly enough to save NYC’s landlords or housing” Tenant advocates are already squealing after Thursday’s preliminary decision by the city’s Rent Stabilization Guidelines Board to OK modest rent hikes for the city’s 965,000 rent-regulated units. The de Blasio years had fed activists the habit-forming drug of zero-dollar increases — and tenant groups…
“The Fed could turn the housing market from boom to bust” Herb Stein famously said that if something cannot go on forever, it will stop. Those buying houses in the belief that today’s rapid rate of home price increases will continue indefinitely might take note of the economist’s adage. With the Federal Reserve beginning to…