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Are zoning, City Hall at odds over this affordable housing boost?

March 3, 2021 3:05 pm Boston’s Zoning Board of Appeal keeps rejecting one of the Walsh administration’s affordable housing solutions, and experts say Newton should be the model in avoiding this type of gridlock at Boston City Hall. A string of ZBA rejections for proposed basement dwellings in East Boston and Charlestown raised eyebrows in recent months for seemingly going directly against Walsh. The outgoing mayor’s administration promotes density and includes basement residential conversions in its Additional Dwelling Unit program as ways to generate more affordable housing stock. Christine Araujo, board chairwoman, cautioned in December that basement units could lead to overcrowding, but housing advocates argue that density is a crucial part in making Boston a more affordable place to live that boosting supply should bring down prices.

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Availability is the new affordability

Availability is the new affordability Jon Gorey Realtors and housing experts are warning of a difficult spring for first-time home buyers. Prices already had climbed for seven straight years before skyrocketing during the pandemic. With buyer demand far outpacing the number of homes for sale, median home prices were up 12.9 percent in December compared with the year before, marking the 106th consecutive month of year-over-year price gains, according to the National Association of Realtors. And incomes haven’t kept pace with those fast-rising home prices. Even before the pandemic, “prices were about 4.3 times higher than the median household income,” said Alex Hermann, senior research analyst at Harvard’s Joint Center for Housing Studies. That basic measure of housing affordability, already at its worst level since 2006, almost certainly rose again in 2020. “Nationally, price-to-income ratios have risen for eight straight years,” he said.

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Graphic Packaging Announces New Board Member

Graphic Packaging Announces New Board Member News provided by Share this article Share this article ATLANTA, Feb. 17, 2021 /PRNewswire/ Graphic Packaging Holding Company (NYSE: GPK) announced today that Mary K. Rhinehart has joined its board of directors, effective February 16. In her more than four-decade career with Johns Manville (JM), a leading manufacturer of premium-quality building and specialty products, Ms. Rhinehart held various executive roles and continues to serve as Chairman of the company. She served as President and CEO from 2012 to 2020, after serving as CFO for eight years. She has been Chairman since 2014. (PRNewsfoto/Graphic Packaging Holding Company) Ms. Rhinehart also held leadership roles at JM in global treasury, global supply chain, human resources and strategic business development, as well as managing several of the company s businesses.

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Why availability is the new affordability in home buying

Why availability is the new affordability in home buying
boston.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boston.com Daily Mail and Mail on Sunday newspapers.

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Massachusetts
Americans
American
Adam-rosenbaum
Alexander-jean-baptiste
Daryl-fairweather
Alex-hermann
Nadia-evangelou
Steve-medeiros
Massachusetts-affordable-housing-alliance

The Space Race

The Space Race
architectmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from architectmagazine.com Daily Mail and Mail on Sunday newspapers.

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