Trump’s ballroom plan gets the green light, Fannie Mae launches crypto mortgages, and more.
- In Mexico City, entire buildings are being cleared out, sometimes overnight, as landlords illegally oust tenants to make way for luxury housing and short-term rentals. With rents soaring and the FIFA World Cup approaching, heated protests in response to evictions are only becoming more commonplace. (Bloomberg)
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Fannie Mae is now offering crypto-backed mortgages, allowing buyers to leverage Bitcoin and other digital assets for a down payment. Here’s how the company is planning to turn an untapped wealth of cryptocurrency into home sales—and how it could benefit the buyer. (The Wall Street Journal)
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In Los Angeles, a boom in backyard homes is colliding with a stubborn obstacle: overhead power lines that limit the height and placement of units. Because burying lines is expensive, designers are instead embracing constraints by shifting layouts, contouring roofs, and cantilevering spaces in what one architect calls "the electric slide." (Dwell)
Mayor Zohran Mamdani just introduced a new program to fast track affordable housing in NYC.
Photo by Michael Appleton/Mayoral Photography Office
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New York City’s mayor, Zohran Mamdani, just launched a program to speed up affordable housing construction on city-owned land, starting with three sites expected to deliver 300 units. Here’s how the city aims to build up to 1,000 homes in the next two years. (The Architect’s Newspaper)
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So far, the White House ballroom project has amounted to one big game of red light, green light. This week, a federal judge ordered construction on the White House ballroom to stop, ruling that Donald Trump likely lacks authority to overhaul entire sections of the historic building without congressional approval. But now, it’s back on. (Bloomberg)
Top photo by lan Robles/Alamy
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