Equity

• A new report shows that out of the 383 top developers in the country who generate more than $50M in revenue, only one is Latino and none are Black – reflecting the unfairness of an industry that sets a higher bar for developers of color to even compete.  – NYT
• The severe shortage of affordable housing in California is the number one driver of the homelessness crisis. Which Californian’s are the most impacted? – California Budget and Policy Center

Affordability 

• “Against all odds, the Mountain West — historically defined by wide-open rural living — could pioneer a model for legalizing denser urban-style development.” – Bloomberg
• Missing middle housing has been banned for decades as single family homes defined American neighborhoods. As the housing shortage continues, cities look to changing zoning laws to create more affordable housing and more multifamily buildings. – NPR 

Infill Development

• A new California state program incentivizes the conversion of commercial spaces like office buildings into housing, attracting more than 50 applicants seeking funding. – CoStar
• Developers are rethinking what mixed-use communities can look like as shopping center parking lots and empty malls are becoming new sites of retail-to-residential conversions. – Urbanland