Tag:

Urban Development

Springfield Dangles $1.3M To Developers For New Home Builds Springfield Dangles $1.3M To Developers For New Home Builds
Springfield Dangles $1.3M To Developers For New Home Builds The City of Springfield is seeking developers to turn five vacant lots into affordable single-family homes. Mayor Domenic Sarno and Chief Development Officer Tim Sheehan announced the initiative Friday, targeting properties in the Maple-High Six Corners and South End neighborhoods. The city is offering up to $1.375 million in public funding to support the construction of three-bedroom homes, officials said. The funding includes $600,000 in Community Development Block Grant-Disaster Recovery funds and $775,000 from the HOME Investment Partnership Program. Completed homes must be sold to low…
Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day' Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day'
Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day' The Washington Commanders are officially coming home. The DC City Council voted 11-2 late on Wednesday, Sept. 17 to give the final approval for a $3.8 billion project to build a 65,000-seat stadium at the old RFK Stadium site. The plan also calls for a mixed-use development project in the surrounding neighborhoods, as well as affordable housing in the area. "Today is a historic day for DC, the Commanders organization, and our fans," Commanders owner Josh Harris said in a statement. "With the Council's approval, we can now move forward on the transformative RFK project that will bring lasti…
Survey Reveals How Americans Are Coping With Rising Costs As Housing Leads Way Survey Reveals How Americans Are Coping With Rising Costs As Housing Leads Way
Survey Reveals How Americans Are Coping With Rising Costs As Housing Leads Way Americans are rethinking what “affordable housing” means as rising costs force families to adjust, according to a new national survey. The poll of 1,000 adults found more than half believe they pay too much for their homes.  Respondents reported spending an average of 42 percent of their annual income on housing-related expenses.  Parents were especially concerned: 42 percent said they doubt their children will be able to afford living in the same neighborhoods where they are growing up. Many blamed their environment for the pressure. Nearly half cited their neighborhood’s highe…