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Why Singapore Has One of the Highest Home Ownership Rates

Adam Majendie

July 08, 2020 |

Bloomberg |

Text |

1500-3000 Words

Response Location: Singapore

Affordable housing in Singapore has resulted in one of the highest rates of home ownership in the world. In 1964 the government embraced a "Home Ownership for the People Scheme" in which it gave lower and middle-income citizens access to affordable home ownership. Subsidized apartments were sold at low prices and were not to be sold for at least five years after which the real estate value had risen significantly. Apartments sold in 2009, for example, gained almost half a million dollars in value by 2020. New subsidized apartments are under construction and 16,000 have already been sold in the past year.

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Mosaic Development Partners works to bring people of color into the real estate market

Jessica Blatt Press

July 08, 2020 |

The Philadelphia Citizen |

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1500-3000 Words

Response Location: United States, Philadelphia, Pennsylvania

Mosaic Development Partners (MDP) seeks to create wealth for the black community in Philadelphia by providing affordable housing and creating opportunities in neighborhoods that are considered risky investments for typical real estate companies. The black-owned company has created housing as well as retail opportunities for minority and women-owned businesses who historically have a harder time accessing capital and loans. The company is mission-driven but operates on a for-profit model, finding economic solutions for systemic problems that have kept black communities from creating generational wealth.

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In Seattle, Protests Over Racial Equity Turn to Land Ownership

Gregory Scruggs

June 23, 2020 |

Bloomberg CityLab |

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800-1500 Words

Response Location: United States, Seattle, Washington

Over 1000 community members gathered to demand officials keep a 2016 promise to give a vacant publicly-owned fire station to the Africatown Community Land Trust. The station is in a historically Black and quickly gentrifying neighborhood and the trust wants to turn it into a resource center to develop the next generation of Black entrepreneurs. As citywide protests for racial equality spread, the city abruptly agreed to turn it over. The group also wants more unused properties turned over to Black community ownership and for the city to develop an anti-gentrification land acquisition fund.

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A Portland foundation's infusion of talent and money helps set small Maine town back on its feet

Ernie Clark

June 21, 2020 |

Bangor Daily News |

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1500-3000 Words

Response Location: United States, Monson, Maine

A Portland-based foundation has revitalized a small town in Maine with the establishment of an arts colony, reconstruction of old buildings in downtown, and a full health center - a rarity for small towns. A declining population and the shuttering of major businesses contributed to the decline of Monson. The Libra Foundation's philanthropic efforts have spurred enthusiasm within the town well known for being the last stop along the Appalachian Trail.

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Greensboro's Art-Dotted Greenway a Respite During COVID-19, and an Economic Engine After

Cinnamon Janzer

April 28, 2020 |

Next City |

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800-1500 Words

Response Location: United States, Greensboro, North Carolina

The Downtown Greenway in Greensboro was already underway when the coronavirus hit and it has turned out to be quite the respite and economic boon. The Greenway draws visitors in with trails, greenways, public art, local businesses, and "the first grocery store to open in 30 years in downtown.” $8.5 million was invested in the project, but it has already brought in $215 million in revenue. The Downtown Greenway was created in partnership with the city and nonprofit Action Greensboro, and while it's currently being used with social distancing, it'll still be there when the quarantine is over.

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Designing Accessible Communities

Anne Saunders

April 22, 2020 |

Business NH Magazine |

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1500-3000 Words

Response Location: United States, Boston, Massachusetts

Design students are being taught about accessibility and the challenges faced by those who live with disabilities at the Massachusetts College of Art and Design. While new construction must comply with basic accessibility standards, the course is taught in an effort to make accessibility a bigger factor when architects and designers build new developments.

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Baltimore Social Enterprises Turn Abandoned Homes into High-End Furniture and So Much More

Scott Kirkwood

April 02, 2020 |

Next City |

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800-1500 Words

Response Location: United States, Baltimore, Maryland

In Baltimore, a successful social enterprise collaboration involves employing formerly incarcerated people to deconstruct valuable old wood from abandoned homes, preparing the wood for production, then turning the wood into high-end furniture. The initiative has expanded by working with the U.S. Forest Service to repurpose fallen wood from around the country, and it has already found a new life for wood for at least 90 homes.

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Housing rents in big cities: What happens if we regulate them?

Pablo Jiménez Arandia

March 23, 2020 |

Global Government Forum |

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1500-3000 Words

Response Location: United Kingdom

Rising rents are being addressed through a variety of interventions in cities around the world. While rent control has worked in some cities, it has been a lesson of what does not work for others. Policies to keep rent affordable have included negotiations between tenants and landlords, limiting price increases, and even freezing rents. The effects - both long and short term - of these measures have all depended on the fluctuating variables in each city.

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Beside a Vast Graveyard, a New City Rises in Haiti

Jacob Kushner

March 21, 2020 |

Pacific Standard |

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800-1500 Words

Response Location: Haiti, Canaan

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.

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Advocates eye community land trusts to increase access to homeownership

Martin Moylan

February 04, 2020 |

MPR News |

Radio |

3-5 Minutes

Response Location: United States, Minnesota

A nonprofit community land trust has helped increase the supply of affordable housing in Minnesota by buying the land beneath houses to subsidize homeownership. By owning the land and covering construction and repair expenses, the trust is able to keep the price of homes down even as values rise, keeping low and moderate-income households in their homes until they sell to the next family seeking affordable homeownership. The only drawback is that homeowners get just a small portion of any value gains in the home.

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