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Boston suburb works to comply with new state multifamily construction law

Housing Wire

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

Law 325
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MA lawmakers debate rent control as agents push for new construction

Housing Wire

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. We need to build more housing.” In New York, Gov.

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Treasury’s new housing plan includes redirected COVID-19 funds to boost affordable supply

Housing Wire

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. The FFB risk-sharing initiative will assist in the construction of “tens of thousands of additional affordable homes” over the next decade, he wrote.

Insurance 440
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HUD details funding, policy support for green homes and climate resilience

Housing Wire

HUD also published guides designed to assist with mobility improvements and decarbonization of existing transportation systems. The department said it aims to alert communities about important elements of post-disaster resilience that research has shown are often overlooked or less understood in the immediate wake of a disaster.

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Bipartisan housing policy efforts are gaining traction, but challenges remain

Housing Wire

While the arms of the federal government aim to address certain housing policy challenges, different localities across the country are also working to address them in their own backyards. They tend to have fewer construction and environmental rules, which allows the housing supply to expand faster. Department of Defense.

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Sens. Klobuchar, Kaine reintroduce bill to create housing policy plans, boost supply

Housing Wire

Senate in the hope of establishing a new grant program that would fund local government efforts to develop and implement housing policy plans. This legislation will give state and local governments critical resources to improve affordability and expand access to quality housing where it’s needed the most.” Amy Klobuchar (Minn.)

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ADUs are gaining popularity on the West Coast

Housing Wire

In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. And in California, demand for ADUs is quickly outpacing supply, according to local media outlets and reports from local governments and building organizations. Most of the ADU activity is concentrated in the Los Angeles area — West L.A.