Latest news with #Yes-in-My-Backyard
Bloomberg
11-03-2025
- Business
- Bloomberg
Open Philanthropy Launches $120 Million Fund To Support YIMBY Reforms
The San Francisco grantmaking foundation Open Philanthropy is launching a new three-year, $120 million fund to support policies and reforms associated with the so-called abundance movement, bringing the Yes-in-My-Backyard cause further under the umbrella of effective altruism. With support from the philanthropic foundation Good Ventures, Stripe CEO and founder Patrick Collison and other donors, this new Abundance and Growth Fund will drive advocacy, research and policies to reduce burdensome regulatory barriers to infrastructure and housing construction, among other subjects. The foundation is hiring a new program lead to direct the fund.
Bloomberg
03-03-2025
- Business
- Bloomberg
What Cambridge's Dramatic Reform Means For the Housing Crisis
A prime example of the US housing crisis has been Cambridge, Massachusetts: Average rent is 69% higher than the country's average, according to Zillow, and housing restrictions were so tight that the affluent Boston suburb only expected to build 350 units in the next 15 years. In 2023, you could count the number of new homes there on one hand (five units total). But after a dramatic housing reform passed in February, property owners and developers in the hometown of Harvard and MIT will be able to build up to four stories, by right, citywide — with an option for an additional two stories on top. The Yes-in-My-Backyard movement is celebrating Cambridge's reforms, but some locals are concerned. Read more from Kriston Capps today on CityLab: How Upzoning in Cambridge Broke the YIMBY Mold
