As the nation continues to grapple with cuts to social safety nets, a new provision in the congressional budget bill has provided a significant boost to affordable housing efforts. The recently passed H.R. 1 includes an increase in the Low Income Housing Tax Credit program, which has long served as the primary federal tool for financing affordable housing projects. Starting next year, states will be able to permanently expand their tax credit allocations by 12 percent, giving developers new o
As the nation continues to grapple with cuts to social safety nets, a new provision in the congressional budget bill has provided a significant boost to affordable housing efforts. The recently passed H.R. 1 includes an increase in the Low Income Housing Tax Credit program, which has long served as the primary federal tool for financing affordable housing projects. Starting next year, states will be able to permanently expand their tax credit allocations by 12 percent, giving developers new o
In a decisive move to expand its housing stock and reshape its urban landscape, Palo Alto has approved a 368-unit apartment complex on El Camino Real, at the former location of a long-time restaurant. This development is one of the city’s most significant recent housing projects and reflects a shifting approach toward accommodating higher-density residential buildings along major corridors. The project, located at 3150 El Camino Real and led by Acclaim Companies, symbolizes
In a decisive move to expand its housing stock and reshape its urban landscape, Palo Alto has approved a 368-unit apartment complex on El Camino Real, at the former location of a long-time restaurant. This development is one of the city’s most significant recent housing projects and reflects a shifting approach toward accommodating higher-density residential buildings along major corridors. The project, located at 3150 El Camino Real and led by Acclaim Companies, symbolizes
In a significant shift from earlier commitments, google is now exploring the sale of middlefield park, a major development site in the east whisman area of mountain view. The 40-acre property had been slated to become a centerpiece of the city’s residential expansion plans, with a proposal that included 1,900 housing units, a 2.4-acre affordable housing dedication, and 1.3 million square feet of office space. Now, the tech company is reconsidering its role in the project and is seeking
In a significant shift from earlier commitments, google is now exploring the sale of middlefield park, a major development site in the east whisman area of mountain view. The 40-acre property had been slated to become a centerpiece of the city’s residential expansion plans, with a proposal that included 1,900 housing units, a 2.4-acre affordable housing dedication, and 1.3 million square feet of office space. Now, the tech company is reconsidering its role in the project and is seeking