Renting has long been a temporary step toward home ownership or a permanent part of living on a tight budget.When people would sit down to work out a budget, devoting 25 percent or 30 percent of monthly income to rent was the “affordable” part of still paying the other bills and maybe saving a bit. But that calculation no longer works for millions of people.
Transit and urban planning wonks, rejoice: All the data on the neighborhoods around your favorite MBTA stations is now available online. A new website called tstation.info allows you to dig through the demographics surrounding transit stations, thanks to the Metropolitan Area Planning Council and the Dukakis Center for Urban and Regional Policy for Northeastern University. Tim Reardon, the assistant director of data services at the MAPC, said such data helps policymakers and developers make smart decisions.
Rents are rising and individuals and families are spending more each month on housing, forcing tough choices between shelter and essentials, such as food and medicine. While local programs offer some assistance, the federal government has no appetite for addressing the crisis in affordable housing, and experts say without a coordinated national effort, the crisis will deepen.
Boosting the city’s population of residents without school-age children could also weaken support and investment in Boston schools and educational programs while at the same time increase demand for senior services in cities, say some experts. “Why am I paying such high property tax to send others to schools?” said Barry Bluestone, an author of the Boston Foundation report and director of Northeastern’s Michael Dukakis Center for Urban and Regional Policy.
By Priyanka Dayal McCluskey | The Boston Globe | May 6, 2015 The Massachusetts medical-device industry maintained its position as second-biggest cluster in the country, even as it lost 5 percent of its workforce, according to a new report. The state continued to add companies, attract venture capital funding, and increase exports, said the analysis […]