Since 2018, California cities that have failed to meet state-mandated housing goals have provided developers with a streamlined approval process for affordable or multifamily housing projects. After the recent approval of a new law, coastal and fire zones that were previously excluded will now be eligible for the same. Senate …
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The U.S. housing market has witnessed a slowdown in activity this year due to tighter supply, says Thomas Barkin, the president of the Federal Reserve Bank of Richmond. Speaking at a Real Estate Roundtable event in Washington, D.C., Mr. Barkin explained that home prices have remained strong in an environment …
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Chicago’s illegal immigrants are now eligible to receive up to $9,000 in rental assistance under a new state-run program, which includes money to help furnish their new living quarters as the homeless population of Americans living on the city’s streets continues to soar. Deputy chief of staff Cristina Pacione-Zayas said …
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SACRAMENTO, Calif. (AP) — Religious institutions and nonprofit colleges in California will be allowed to turn their parking lots and other properties into low-income housing under a new law aimed at combating the ongoing homeless crisis. The law, signed by Gov. Gavin Newsom Wednesday, rezones land owned by nonprofit colleges and …
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