Substitutes for city parking requirements are becoming increasingly popular throughout the United States. Rather than using off-street parking, many housing developers now provide residents with alternatives that promote reduced driving. This method is better for the environment and lowers the cost of housing in urban areas.
Read MoreAn increasingly popular way to attract foreign direct investment is to let the world’s wealthiest trade cash and property investments for citizenship. The $2 billion-a-year industry allows the ultra-rich to buy passports that permit visa-free travel to nearly the entire world, often with no residency requirements. Highly controversial, the industry is marked by a lack of transparency and concerns about what happens to civic ties when citizenship can be bought and sold.
Read MoreIn Jackson, Mississippi, a series of community-led cooperatives are creating opportunities for affordable home ownership. This is part of a trend across the country to create community land trusts. They are financed through donations, other community businesses, or commissions. Though each land trust faces hurdles, they are collectively allowing more access to wealth and ownership in historically low-income neighborhoods.
Read MoreInvestments into the arts serve as significant economic catalysts. In Pittsburgh, Pennsylvania, legacy foundations like the Heinz Endowments, Benedum Foundation, and Richard King Mellon Foundation pooled their resources to create the Pittsburgh Cultural Trust, which supports art and culture in the city’s downtown districts. By purchasing and refurbishing existing real estate, as well as lending support to smaller initiatives like the Pittsburgh Playwrights Theatre Company, PCT’s investments have served as an engine of growth for the city.
Read MoreRedeveloping and repurposing unused real estate provides a path toward economic revitalization. With a combination of public and private grants, the nonprofit group, International Sonoran Desert Alliance (ISDA), has purchased and redeveloped real estate in the town of Ajo, Arizona. The renovated town plaza and Curley School complex contain retail spaces, artist studios, and even house community gardens of the Ajo Center for Sustainable Agriculture.
Read MoreMosaic Development Partners (MDP) seeks to create wealth for the black community in Philadelphia by providing affordable housing and creating opportunities in neighborhoods that are considered risky investments for typical real estate companies. The black-owned company has created housing as well as retail opportunities for minority and women-owned businesses who historically have a harder time accessing capital and loans. The company is mission-driven but operates on a for-profit model, finding economic solutions for systemic problems that have kept black communities from creating generational wealth.
Read MoreMobile home owners in Colorado are beginning to own their own communities due in part to legislation that is making it easier to do so. Resident-owned communities preserve the affordable housing stock, which manufactured home communities make up a large percentage of.
Read MoreAs building developers in Kenya design new structures that are more environmentally friendly and sustainable, they can look to the Garden City Mall in Nairobi as a successful example. This mixed-use development with shopping, residential, and office spaces uses solar energy, which helps cut energy costs by over 30 million shillings each year. The mall also was the first in the region to receive an international green building certification.
Read MoreTwo insurance companies, Discovery and Dialdirect, implemented a smartphone app for drivers to report potholes in their city. The companies then fill the potholes and brand them with their logos.
Read MoreHempcrete, a combination of hemp, water, and lime, can be used as a more sustainable insulation option for buildings. The material improves energy efficiency, produces less carbon than options like fiberglass and foam, and will continue to capture carbon while used as insulation.
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