Voters in many U.S. jurisdictions passed housing measures Nov. 8 that will collectively set aside billions of dollars in new funding to create more affordable housing and provide protections for renters.
Notable propositions impacting housing include:
- With 92% of votes counted, in Colorado, voters favored passage of Proposition 123, which would require the state to allocate about 2% of income tax revenues in the annual budget for affordable housing.
- A so-called “mansion tax” in Los Angeles appeared headed for passage. It would impose a one-time tax on residential and commercial property sales that exceed $5 million with money directed to construction of affordable housing, emergency rent subsidies, and services for those at-risk homelessness.
- Berkeley, Calif., passed a $650 bond measure that sets aside $200 million to create 1,500 affordable units for low-income residents and people experiencing homelessness.
- Oakland, Calif., passed a $350 million bond measure to buy, rehabilitate, and build affordable housing.
- A bond measure passed in Buncombe County, North Carolina, (including the City of Asheville) that raises $40 million to pay for low-to-moderate-income affordable housing.
- Austin, Texas, passed a $350 million bond measure for low-income rental housing, low-income homeownership, home repairs, and preservation of existing affordable housing.
- A $200 million bond package passed in Columbus, Ohio, to create new affordable units, aid affordable home ownership, preserve existing affordable units, and support residents experiencing homelessness.
- In Kansas City, Missouri, a $50 million bond measure will help rehabilitate, renovate, and construct housing for very low- to moderate-income households.
Related Stories
MFPRO+ News | Jan 12, 2024
Detroit may tax land more than buildings to spur development of vacant sites
The City of Detroit is considering a revamp of how it taxes property to encourage development of more vacant lots. The land-value tax has rarely been tried in the U.S., but versions of it have been adopted in many other countries.
MFPRO+ News | Jan 12, 2024
As demand rises for EV chargers at multifamily housing properties, options and incentives multiply
As electric vehicle sales continue to increase, more renters are looking for apartments that offer charging options.
Sustainability | Jan 10, 2024
New passive house partnership allows lower cost financing for developers
The new partnership between PACE Equity and Phius allows commercial passive house projects to be automatically eligible for CIRRUS Low Carbon financing.
Giants 400 | Jan 8, 2024
Top 60 Senior Living Facility Construction Firms for 2023
Whiting-Turner, Ryan Companies US, Weis Builders, Suffolk Construction, and W.E. O'Neil Construction top BD+C's ranking of the nation's largest senior living facility general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Giants 400 | Jan 8, 2024
Top 40 Senior Living Facility Engineering Firms for 2023
Kimley-Horn, Olsson, Tetra Tech, EXP, and IMEG head BD+C's ranking of the nation's largest senior living facility engineering and engineering/architecture (EA) firms for 2023, as reported in the 2023 Giants 400 Report.
Giants 400 | Jan 8, 2024
Top 80 Senior Living Facility Architecture Firms for 2023
Perkins Eastman, Hord Coplan Macht, Lantz-Boggio Architects, Ryan Companies US, and Moseley Architects top BD+C's ranking of the nation's largest senior living facility architecture and architecture engineering (AE) firms for 2023, as reported in the 2023 Giants 400 Report.
MFPRO+ News | Jan 8, 2024
Canada turns to 1940s strategy to speed up housing construction
To address a severe housing shortage, Prime Minister Justin Trudeau’s administration has begun a housing construction strategy pioneered in the years after World War 2. The government aims to use a catalog of pre-approved home designs to reduce the cost and time to construct homes.
MFPRO+ News | Jan 4, 2024
Bjarke Ingels's curved residential high-rise will anchor a massive urban regeneration project in Greece
In Athens, Greece, Lamda Development has launched Little Athens, the newest residential neighborhood at the Ellinikon, a multiuse development billed as a smart city. Bjarke Ingels Group's 50-meter Park Rise building will serve as Little Athens’ centerpiece.
MFPRO+ News | Jan 2, 2024
New York City will slash regulations on housing projects
New York City Mayor Eric Adams is expected to cut red tape to make it easier and less costly to build housing projects in the city. Adams would exempt projects with fewer than 175 units in low-density residential areas and those with fewer than 250 units in commercial, manufacturing, and medium- and high-density residential areas from environmental review.
MFPRO+ News | Dec 22, 2023
Document offers guidance on heat pump deployment for multifamily housing
ICAST (International Center for Appropriate and Sustainable Technology) has released a resource guide to help multifamily owners and managers, policymakers, utilities, energy efficiency program implementers, and others advance the deployment of VHE heat pump HVAC and water heaters in multifamily housing.