Failing to attract buyers even with deep discounts, developers are starting to bail out on Plan for Transformation, an ambitious program that seeks to replace moribund public housing projects with mixed-income housing.
Since the significant attrition in home values started in late 2007, Chicago remains one of the hardest-hit cities that are struggling to recuperate.
To the extent that the program is working, Mary Ellen Podmolik of the Chicago Tribune reports that developers now resort to offering $10,000 incentives to help assist potential buyers with expenses.
Podmolik asks: "Is the limited success of the homes a function of the horrible housing market or the mixed-income neighborhood and the potentially safer financial investments elsewhere?".
Plan for Transformation is a brainchild of former Mayor of Chicago Richard Daley.
FULL STORY: Plan for Transformation a tough sell in weak market
Sustainability Expert Becomes Dean of USC’s School of Public Policy
Chris Boone, a sustainability leader, becomes dean of the USC Price School of Public Policy, where he aims to advance interdisciplinary solutions and sustainability initiatives while building on the school’s legacy of public policy leadership.
6 International Models of Urban Revitalization
The New York Times recently published an article exploring six cities from around the world reinventing themselves for the 21st century: Paris, Sydney, Medellin, Lisbon, Singapore, and Durban.
A ‘Public Realm Action Plan’ Charts San Francisco’s Post-Covid Comeback
A nonprofit business group released a plan to trigger the post-pandemic revitalization of Downtown San Francisco by reclaiming public space for human scale activity. But is an improved public realm sufficient to meet the challenge?
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service