December 4, 2018

Congress is Expected to Pass a Two-week Stopgap Bill Sometime This Week

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  • The House Appropriations Committee yesterday released a two-week stopgap bill that would fund the government until Friday, December 21. This short-term bill, H.J. Res. 143, would avert a partial government shutdown on December 8 — one day after the current continuing resolution (CR) funding many government functions is set to expire, giving lawmakers more time to discuss a longer-term spending bill. It would also extend funding for the National Flood Insurance Program, which is also set to expire this Friday. PoliticoPro notes that the House is expected to pass this stopgap bill sometime this week by voice vote, with the Senate then taking up the measure in time to send it to the President's desk by the December 7 deadline. (PoliticoPro, December 3) Stay tuned to our blog and newsletters for updates on budget and appropriations.
     
  • On November 27, Enterprise New York, in partnership with the Fair Housing Justice Center, co-convened the Regional Affordable and Fair Housing Summit. This full-day event brought together nearly 400 stakeholders from affordable housing, fair housing, disability rights, community development, education, faith-based, and for- and nonprofit organizations. This event previewed policy recommendations to be included in “Closing the Divide: Creating Equitable, Inclusive and Affordable Communities,” a draft policy platform that was developed by the Regional Affordable and Fair Housing Roundtable and will debut in January 2019. These recommendations include removing exclusionary zoning and other land use barriers to promote accessible, integrated and affordable housing; improving tenant protections across the region; and maximizing density to promote affordable multifamily housing across the region. Learn more about this summit in our blog post
     
  • An advisory report by the Seattle Planning Commission shows that single-family zones make up about 75 percent of Seattle's residential land and have accommodated only 5 percent of all new housing added in the city over the past decade — contributing to the citywide affordable housing shortage. It also suggests that growth in the city has been highly unequal because of zoning, pointing out that while Seattle has added 180,000 residents since 1970, 31 of the city’s 135 Census tracts have lost population over that period. The report recommends changes that could slightly increase the density of single-family zones, such as expanding the boundaries of urban villages — areas near transit where more development is allowed — by a few blocks and reducing lot sizes to allow for more construction. (The Seattle Times, December 3)
     
  • CoreLogic has released its Home Price Index (HPI) data for October 2018, which show that home prices are up both year-over-year and month-over-month by 5.4 and 0.5 percent, respectively. The CoreLogic HPI Forecast indicates that home prices will increase by 4.8 percent between October 2018 and October 2019. According to the index, states with the highest year-over-year increases in October were Nevada (12.1 percent) and Idaho (12) and West Virginia (10.1). (CoreLogic, December 4)

Upcoming Webinar

  • This Thursday, December 6, Enterprise will hold a webinar to discuss ways to include creative placemaking in development timelines and budgets. This webinar, which will break down the budgets of creative placemaking projects to explore how arts and culture were paid for and phased, will feature Mark Matel, program director of the Rose Fellowship at Enterprise, and Annie Ledbury, architect and creative placemaking manager at the East Bay Asian Local Development Corporation. Register here for the webinar

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