Sunday, November 16, 2014

Housing Crisis Horizon. Where does our study fit in?

"...more and more American households, especially middle- and working-class people, are having a harder time affording housing. This is particularly the case in reviving urban centers, as more affluent, highly educated and creative-class workers snap up the best spaces, particularly those along convenient transit, pushing the service and working class further out."

This quote is from an excellent and insightful article by Richard Florida (famous for coining the "creative-class") called, The Next Housing Crisis May Be Sooner Than You Think.

The article acknowledges that policy and finance mechanisms contradict development from moving toward the formula for sustainable affordable housing. 

"It's time to impose stricter underwriting standards and encourage the dense, mixed-use, more flexible housing options that the knowledge economy requires."

Is it possible, however, using the existing submarket development forces geared toward "affordable housing" to create the alternate version? This is where our project lies.

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