Tag: Affordable

Chinese company achieves breakthrough in race to fusion — here’s why it’s a major step toward unlimited affordable power

A Chinese company with big goals has joined the push for commercial fusion power, which would revolutionize the transition to carbon-free energy production. Energy Singularity has built in Shanghai what is “the world’s first high-temperature superconducting tokamak device,” Interesting Engineering reported. The contraptions are known as “artificial suns” because they replicate the nuclear fusion of […]

Quality Inn Motel in Fayetteville being renovated for affordable housing

FAYETTEVILLE, Ark. (KNWA/KFTA) — The Quality Inn on Futrall Drive in Fayetteville will no longer serve out-of-town visitors but instead, will become affordable housing. The Fayetteville City Council approved rezoning the motel. “I was super excited to vote on this, especially now. We are experiencing, unfortunately, a housing crisis, so there’s no better time to […]

Looking to move? Here’s how to find affordable rent.

Seeking affordable rent? Zumper Spokesperson Crystal Chen shares valuable insights on Wealth!, offering three key strategies for prospective renters. Chen’s first advice is to target winter for your move. This season typically sees lower rental prices. Secondly, she advises keeping an eye out for move-in specials. Lastly, Chen emphasizes the importance of thorough research. She […]

How California makes it almost impossible to build affordable housing

To the editor: It’s easy to say, “Build more affordable housing.” Doing it is another matter entirely. (“Lack of housing is pushing more seniors onto the streets. That’s on all of us,” editorial, June 24) For-profit developers generally aren’t interested. There’s no profit to be had, except in the form of a density bonus for […]

Kenya’s urban population is growing. The need for affordable housing is, too

NAIROBI, Kenya (AP) — In the heart of the crowded Kibera neighborhood in Kenya’s capital, Jacinter Awino shares a small tin house with her husband and four children. She envies those who have escaped such makeshift homes to more permanent dwellings under the government’s affordable housing plan. The 33-year-old housewife and her mason husband are […]

Kenya’s urban population is growing. The need for affordable housing is, too

NAIROBI, Kenya (AP) — In the heart of the crowded Kibera neighborhood in Kenya’s capital, Jacinter Awino shares a small tin house with her husband and four children. She envies those who have escaped such makeshift homes to more permanent dwellings under the government’s affordable housing plan. The 33-year-old housewife and her mason husband are […]

NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that’s done so far is make hotels more expensive.

The number of legal short-term rentals in New York City has plummeted since strict regulations were enforced in September.Alexi Rosenfeld/Getty Images Last year, New York City began enforcing its near-ban on short-term rentals, including Airbnbs. As of June 24, there were just 2,276 legal short-term rentals, according to the city government. City officials say the […]

Biden administration awards $85 million to ease affordable housing development

By David Lawder WASHINGTON (Reuters) – The Biden administration on Wednesday announced the award of $85 million in housing funds to 21 state and local governments for a new program aimed at helping them remove barriers to the development and preservation of more affordable housing units. Vice President Kamala Harris and Department of Housing and […]

US Treasury to devote extra $100 million over 3 years to affordable housing

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen announced $100 million in new financing on Monday to increase the supply of affordable housing, as the Biden administration seeks to address high housing costs ahead of the Nov. 5 presidential election. The measure is one of several moves by the Treasury to try […]