Urban renewal

Duke Energy boosts economic development and job growth with $275,000 in urban redevelopment grants in Ohio and Kentucky

Retrieved on:

Martedì, Agosto 14, 2018

"We continue to back the Urban Revitalization program because, year after year, the catalyst grants have proven to spur additional redevelopment in urban cores across Greater Cincinnati," said Amy Spiller, president of Duke Energy Ohio and Kentucky.

Key Points:

"We continue to back the Urban Revitalization program because, year after year, the catalyst grants have proven to spur additional redevelopment in urban cores across Greater Cincinnati," said Amy Spiller, president of Duke Energy Ohio and Kentucky.
Because building strong communities starts with core economic development investments and jobs for the community."
Projects must have the community's support from elected officials, be included in the community strategic plans and display collaboration among economic or urban development organizations.
The Duke Energy Foundation accepted 2018 Urban Revitalization grant applications in April and May.

Share of Renters Rise in Each of the 50 Largest U.S. Cities

Retrieved on:

Mercoledì, Agosto 8, 2018

Affordable housing, Urban renewal

SEATTLE, Aug. 8, 2018 /PRNewswire/ --There were more renters in 2016i than in 2006 in each of the 50 largest U.S. cities.

Key Points:

SEATTLE, Aug. 8, 2018 /PRNewswire/ --There were more renters in 2016i than in 2006 in each of the 50 largest U.S. cities.
In 2006, 31 percent of all U.S. households rented; today, over 36 percent of all households rent.
The majority of people rent instead of own in 29 of the 50 largest U.S. cities.
In 2006, only 16 of the 50 largest cities were majority renter households.

Maintaining Affordability for Tenants in Federally Administered Community Housing

Retrieved on:

Venerdì, Maggio 18, 2018

Social programs, Public housing in the United States, Public housing, Urban renewal, Community organizing, Housing in Canada, Government, Housing, Construction, Affordable housing in Canada, Affordable housing

The federal government through the National Housing Strategy will invest $500 million over 10 years for a new Federal Community Housing Initiative to protect affordability for tenants and stabilize the operations of some 55,000 units of federally administered community housing projects.

Key Points:

The federal government through the National Housing Strategy will invest $500 million over 10 years for a new Federal Community Housing Initiative to protect affordability for tenants and stabilize the operations of some 55,000 units of federally administered community housing projects.
This funding will provide a temporary extension of subsidies to maintain affordability for low-income households and protect tenants living in federally administered community housing projects while housing providers' transition to a new rental support program and prepare for modernization through Phase II.
The federal government will consult on the development of Phase II of this initiative with non-profit and co-operative housing providers that own federally administered community housing.
The objective of the subsidy extension (Phase 1) is to maintain low-income households, protect affordability of the federally administered community housing stock, stabilize operations of housing providers and ensure no net loss of the federally administered community housing stock.

Greenwin Inc. Unveils Plan to Develop Approximately 700 Rental Housing Units, Incl. Affordable Suites, in Downtown Toronto

Retrieved on:

Venerdì, Aprile 27, 2018

Community organizing, Urban renewal, Affordable housing, Real estate, Public housing

The Property is being acquired in partnership with CREIT as part of the first phase of the Provincial Affordable Housing Lands Program, which was established to leverage provincial land assets in order to develop a mix of market and affordable housing across the Province of Ontario.

Key Points:

The Property is being acquired in partnership with CREIT as part of the first phase of the Provincial Affordable Housing Lands Program, which was established to leverage provincial land assets in order to develop a mix of market and affordable housing across the Province of Ontario.
Greenwin and CREIT plan to deliver a two-tower, purpose-built rental community with approximately 700 units, 30% of which will be maintained as affordable rental housing for a period of 40 years.
Rael Diamond, President and Chief Operating Officer of CREIT added, "We are delighted to expand our partnership with Greenwin on this well-located Property.
Headquartered in Toronto, Greenwin is known as a leader in multi-family housing, non-profit and affordable housing, social housing and commercial properties.