The seven-story Elden Elms project set for the Pico-Union area of Los Angeles (Credit: Urban Architecture Lab) The West Hollywood Community Housing Corporation (WHCHC) has earned a $43.7-million loan to build the second of two affordable senior housing complexes near Downtown L.A. MUFG Union Bank lent the nonprofit developer the funds to construct the seven-story […]
Un-affordable: City moves to keep Atlas Capital’s big Chinatown resi project market-rate
Council member Gil Cedillo and a College Station affordable housing rendering In December, the Los Angeles City Planning Commission said developer Atlas Capital could proceed with its massive College Station residential development as long the project included 37 affordable units. With 725 units in the complex, that would work out to about 5 percent of […]
New Opportunity Zone funds seek to ensure investments help distressed areas
An affordable housing project Investors are hoping to raise billions of dollars for Opportunity Zones projects across the country, but critics worry little of that money will go to the troubled neighborhoods the federal tax incentive initiative was meant to help. Now, the philanthropic Kresge Foundation is partnering with two investment firms that are launching […]
3-D-printed homes are coming to the US
Icon’s Chicon House in Austin, Texas (Credit: Icon Build) 3-D printing is going mainstream. Construction-tech startup Icon says that its new 3-D printer, the Vulcan II, will be able to print a 2,000-square-foot family home in a matter of days, and reduce costs by about 30 percent. “People will look back on this as something […]
Newsom walks back plan to withhold dollars from cities that don’t meet housing goals
California Governor Gavin Newsom couldn’t overcome resistance from state Democrats (Credit: Wikimedia and Flickr) Governor Gavin Newsom is pulling back on one of his most radical solutions to the state’s growing housing crisis. On his third day in office, Newsom said he planned to withhold state transportation dollars from municipalities that fail to hit state-sanctioned […]
Square Feet: Former Sears Complex Returns as a Beacon in a Chicago Neighborhood
The North Lawndale headquarters, a source of pride to residents before the retailer moved downtown, has slowly been redeveloped after years of sitting vacant. Source: NYT > Business – ERICA WESTLY