YIMBY News for 11/13

[Eric Budd]

Stretching Debt Won’t Fix Housing

Next City

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KEYWORD SCORE: 45.70. affordable, construction, development, growth, homeowner, house, housing, hud, income, land-use, rent, single-family, supply, urban, zoning

[image: Backyard] (Photo by Yianni Mathioudakis / Unsplash) Fifty-year mortgages are back in the headlines. They’re being sold as innovation, but they’re really an admission of failure. When a country can’t build enough homes, it stretches debt instead. That isn’t affordability, it’s surrender. I live in a region where the Black homeownership rate hovers around 34%. No, that’s not a typo. Two-thirds of Black families in Greater Cincinnati rent. The region has one of the widest racial homeownership gaps in the country, and within the city proper, overall homeownership sits below 50%, according

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After Victory, Zahilay Announces County Executive Transition Team

The Urbanist

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KEYWORD SCORE: 37.25. affordable, affordable housing, construction, development, housing, market-rate, rent, supply, transportation, urban

King County’s next Executive laid out his vision for a lightning-fast transition this week as he prepares to take office as the county’s first new leader elected in more than 15 years. Girmay Zahilay’s announcement came on the heels of a concession from his general election opponent — fellow County Councilmember Claudia Balducci — late last week. Zahilay won nearly 54% of the vote. Due to former County Executive Dow Constantine’s early departure from office this past spring to become Sound Transit’s CEO, Zahilay has a much shorter runway than most new elected officials, who genearlly take over

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Big parts of Colorado’s economy are looking lackluster — are we in a recession?

Colorado Public Radio

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KEYWORD SCORE: 30.69. affordable, affordable housing, construction, development, growth, housing, housing crisis, housing stock, income, real estate, rent

Editor’s note : This is the first in an occasional series looking at aspects of Colorado’s faltering economy. Colorado’s economy is flashing warning signs. Job growth has slowed to a trickle. Layoffs are inching up. The housing market is in a slump. Both the state and its biggest population center are struggling to plug massive budget holes. And not as many people want to move here . On top of all that, the longest government shutdown in history was weighing on the economy. The big question, though, is whether all the bleak data points spell out something more serious: recession. And the answe

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