A survivor of Haiti's earthquake sought out a new home on an unclaimed plot of land which is home to one of the country's largest cemeteries. Madame Roy built a neighborhood from the ground up with the help of architects and funding from people who wanted to be residents of the future city. Roads, homes, a cistern, a soccer field, and a school were all built without the help of the Haitian government. 200,000 residents who lost everything in the earthquake have found a chance to start over in the new city of Canaan.
Read MoreThe California Legislature, inspired by a decades-old Massachusetts affordable housing bill, recently passed SB 35. However, a few differences distinguish the two bills. In Massachusetts, the 40B bill fast-tracks development projects that include 20% affordable units in cities that have below the mandated amount of affordable housing. California’s bill rewards affordable housing projects, but it also rewards projects with above-average income housing. Still, the bill is a big step forward in the fight for more affordable housing at the state level.
Read MoreThe U.S. Department of Transportation’s Build America Bureau allocated $35 billion in funding for development projects near public transportation that would transform underutilized offices into much-needed housing.
Read MoreSacramento, California, is increasing the number of affordable housing units built in the city by implementing deed restrictions that limit prices and require occupancy by low-income residents, providing free permit-ready building plans for accessory dwelling units, and prioritizing quick approvals by the city government.
Read MoreMichigan's roads have been in disrepair for years. Now with increased private sector funding and partnerships between companies and the government, the state could start to see improvements in its infrastructure.
Read MoreIn Memphis, a creative blight-reduction initiative called 25 Square Blocks broke down the city into blocks. Inspectors were able to quickly identify all the violations and fix them, using the same amount of funding, but less time, as the old call-and-respond model.
Read MoreIn the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.
Read MoreIn Spain, Higueruela transformed wind farm revenues into municipal investments—funding schools, transportation, senior care, and local jobs—which stabilized the town's declining population and created a sustainable economic model that now provides 40% of its annual budget. A key success factor includes allowing the community to negotiate and reject projects that don't serve local interests.
Read MoreResidents of mobile home communities are coming together to collectively buy the land their houses are on and establish cooperatives. It ensures their rent stays affordable long term, and some state governments are making it easier to do so to help address housing affordability crises.
Read MoreDespite soaring housing costs, the city government in Paris aims to achieve mixité sociale. That essentially means it's preventing economic segregation to ensure residents from a broad cross-section of society reside in the city and own businesses there. It’s doing so by nabbing real estate to create public housing and providing real estate subsidiaries for small businesses.
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