by Steve Bittenbender, The Center Square | May 28, 2021 08:30 AM Print this article
The state of New York on Thursday announced an initiative to provide more housing opportunities in upstate communities through a partnership with a nonprofit that combats urban blight.
The plan, called the Legacy Cities Initiative, calls for New York State Homes and Community Renewal, a group of state agencies, to issue $25 million in subsidies to target specific neighborhoods. The state will use an application process to allocate the funds for vacant properties, while leveraging private investments from local investors.
Land banks will transfer up to 10 single-family properties to developers, and the nonprofit Community Preservation Corporation (CPC), which is working with the state on the project, will offer financing. Each project will be eligible for up to $75,000 in state subsidies, with the potential for $20,000 more if developers include certain energy improvemen
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by Tim Gruver, The Center Square | May 19, 2021 08:30 AM Print this article
A bill on its way to Gov. Kate Brown could help Oregon close its housing gap by letting cities and counties build denser neighborhoods, housing advocates say.
Oregon s housing crisis has been a perennial problem for homebuyers. The Oregon League of Cities reports the state underproduced 155,000 housing units since 2015, which many blame for increasing home prices.
According to real estate site Zillow, average home prices in Oregon are $424,517, or 13.2% higher than 2020. In Portland, homes go for $526,626 on average. About 34% higher than the U.S. average of $281,370.
Senate Bill 458 would build on the state s efforts to help cities and counties to encourage more diverse housing construction beyond single-family homes with one kitchen, unshared walls, and unshared utilities. The process, also known as upzoning, is promoted by housing advocates to expand competition by expan
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