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Local Solutions for Housing Affordability
The Lincoln Institute of Land Policy recently published a report to identify local government actions to ensure stable and affordable places to live for everyone. March 11, 2021, 6am PST | James Brasuell |
Authors Ingrid Gould Ellen and Mark A. Willis of New York University and Jeffrey Lubell of Abt Associates have authored a report, published by the Lincoln Institute of Land Policy, that provides tools and guidance for local governments faced with increasingly out-of-reach housing costs a challenge only exacerbated by the economic downturn of the COVID-19 pandemic. The report describes the extent of the affordability crisis, explores the forces that drive housing prices, and explains the interaction among federal, state, and local policy. Its recommendations focus on local government, where most decisions about land use and housing are made in the United States, according to an article by Will Jason that summarizes the report.
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Midtown is reeling: should its offices become apartments?
Matthew Haag and Dana Rubinstein
Dec 14, 2020 – 4.17pm
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New York | The pandemic is pummelling New York City s commercial real estate industry, one of its main economic engines, threatening the future of the nation s largest business districts as well as the city s finances.
The damage caused by the emptying of office towers and the permanent closure of many stores is far more significant than many experts had predicted early in the crisis.
Office space in midtown Manhattan could be converted into apartments under a proposal by the real estate industry.
Bloomberg
The powerful real estate industry is so concerned that the shifts in workplace culture caused by the outbreak will become long lasting that it is promoting a striking proposal: to turn more than 1 million square feet of Manhattan office space into housing.
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Midtown Is Reeling. Should Its Offices Become Apartments?
The pandemic has created a crisis in New York City’s commercial real estate industry. Some leaders think it’s time to reimagine the city’s business districts.
Nearly 14 percent of office space in Midtown Manhattan is vacant, the highest rate in 11 years.Credit.Gabby Jones for The New York Times
Dec. 11, 2020
The pandemic is pummeling New York City’s commercial real estate industry, one of its main economic engines, threatening the future of the nation’s largest business districts as well as the city’s finances.
The damage caused by the emptying of office towers and the permanent closure of many stores is far more significant than many experts had predicted early in the crisis.
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