Affordable Housing
Factory-built, tax-credit homes roll out in Petersburg, Virginia, aiming to expand affordable options
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In Petersburg, Virginia, a scattered-site development is placing factory-built homes on permanent foundations in several historically Black neighborhoods, including Delectable Heights. Backed by federal low-income housing tax credits, the project is intended to deliver lower-cost rentals and ownership opportunities while trying to counter persistent stigma around manufactured housing.
The Santa Cecília district in central São Paulo is attracting real estate investments focused on affordable housing and retrofit projects. Developers like Magik JC and Plano&Plano are launching accessible developments, while Somauma revitalizes old buildings. These initiatives go beyond the bohemian stereotype of the neighborhood, benefiting low-income families.
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A firm has introduced a 60% discount to improve housing access. This initiative aims to make homes more affordable for potential buyers.