Crypto News: A college town breaks the YIMBY mold

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

— Magdalena Del Valle

More on CityLab

Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park
The architect responsible for the city's huge new stadium complex discusses the design choices behind it.

NYC Office Buildings See Resurgence as Investors Pile Into Bonds
From the Seagram Building to The MetLife Building, owners of trophy offices have sold a slew of commercial mortgage backed securities in 2025.

Heat Pump Enthusiasts Invite Strangers to Tour Their Homes
Heat pumps may be unfamiliar and intimidating, but a UK program is helping people get to know the low-carbon technology before they commit.

What we're reading

Welcome to Baltimore's newest ghost town. Trump cuts might keep it empty. (Baltimore Banner)
One hopped turnstile, 9 police bullets, 4 people shot. Does it add up? (New York Times)
States target fired federal workers in recruitment drives (Axios)
The housing market has shifted in favor of buyers — depending on where you live (CNN)
Philly housing prices are through the roof. But there are ways to fix it (Philadelphia Magazine)