Developers taking city incentives will have to take housing vouchers, too
New ordinance only applies to projects going forward
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SAN ANTONIO – Taking city incentives like fee waivers or tax abatements now means housing developments in San Antonio will be required to accept Section 8 housing vouchers from their renters.
Landlords don’t generally have to accept housing vouchers, and the people who receive them often spend months trying to find a place that will take them. But the San Antonio City Council unanimously passed an ordinance Thursday that bans property owners who receive city incentives from refusing to rent to someone who wants to use a housing voucher or other federal housing assistance to help pay their rent.
A few years ago, Laura Friedman toured an affordable housing project in Glendale, the city of 200,000 she represents in the California State Assembly. What caught her eye was the garage: a cavernous, subterranean space, virtually empty. To comply with local parking requirements
two spaces for every studio or one-bedroom apartment, and rising from there the builders had been forced to pour millions of dollars of concrete and reduce their number of new apartments, all to build a garage their low-income tenants would never fill. “These requirements are definitely stopping housing,” she concluded.
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It’s a familiar situation: Nearly all California cities require that enormous amounts of parking accompany every piece of new construction. In Cupertino, for example, where Apple has its headquarters, a new single-family home must come with four parking spaces. Such requirements effectively block most small-scale, affordable, and infill housing; they distort the size and
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Walker & Dunlop Reinforces Affordable Lending Commitment with Addition of Affordable Housing Chief Production Officer
May 11, 2021 GMT
John Ducey, Affordable Chief Production Officer
BETHESDA, Md., May 11, 2021 /PRNewswire/ Walker & Dunlop, Inc. announced today that it has hired John Ducey as Affordable Chief Production Officer. Mr. Ducey will lead Walker & Dunlop’s affordable housing financing efforts across all capital sources, including Fannie Mae, Freddie Mac, and private capital providers as the company seeks to expand its affordable lending footprint across the United States.
Multifamily Executive Vice President, Don King, commented, “As the largest provider of capital to the multifamily industry in 2020, we are incredibly focused on building upon our leadership position in the affordable housing space, and we are thrilled to have John on board to lead our team’s affordable
A Canadian manufacturer last week chose the Chicago region to host its first U.S. facility. Lion Electric Co. will manufacture its all-electric medium- and heavy-duty urban vehicles at a 906K SF facility under construction at 3835 Youngs Road in southwest suburban Joliet. Gov. J.B. Pritzker, along with many other state and municipal officials, joined the company’s leaders on Friday to announce the $70M project.
“The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting 1 million of these cars on the road by 2030,” Pritzker said Friday. “In Illinois, we know that a clean energy economy is about more than just vehicles it’s about healthier communities and jobs for those who live there.”
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