Housing devaluation and job loss are the two major problems affecting America's urban areas. But as this article from Governing explains, those two problems are playing out in drastically different ways from metro to metro.
"States and localities are recovery-challenged. The problem for policymakers who would like to give states and localities a helpful push up the recovery ladder is that the troubles that bedevil those economies are not evenly distributed.
A report in March from the Federal Reserve Bank of Philadelphia indicates that states are recovering from this recession at greatly different speeds. In February, the bank's coincident index (an index that combines four state-level indicators to summarize current economic conditions in a single statistic for each state) increased in 21 states, decreased in 22 and remained unchanged in seven."
Governing's Penelope Lemov writes that the "double trouble" of job losses and home value losses are posing serious challenges for some cities, but many experts suggest focusing on jobs and letting the housing market right itself.
FULL STORY: Cities Face Double Trouble
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A fun activity in city comparison.
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Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
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North Texas Transit Leaders Tout Benefits of TOD for Growing Region
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Using Old Oil and Gas Wells for Green Energy Storage
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Private Donations Propel Early Restoration of Palisades Playground
Los Angeles has secured over $1.3 million in private funding to restore the Pacific Palisades playground months ahead of schedule, creating a modern, accessible space that supports community healing after recent wildfires.
From Blight to Benefit: Early Results From California’s Equitable Cleanup Program
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Planting Relief: Tackling Las Vegas Heat One Tree at a Time
Nevada Plants, a Las Vegas-based nonprofit, is combating the city’s extreme urban heat by giving away trees to residents in underserved neighborhoods, promoting shade, sustainability, and community health.
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Institute for Housing and Urban Development Studies (IHS)
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Harvard GSD Executive Education
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NYU Wagner Graduate School of Public Service