When the Shanghai government established Zhangjiang Hi-Tech Park, the vision was to develop China’s own “Silicon Valley,” but it has long been missing an essential element: advanced academic institutions. ShanghaiTech’s campus is intended to fill that void.
Small apartment buildings are often overlooked or underserved by housing policy and traditional housing and commercial real estate finance mechanisms. Because this housing type is so prevalent in New England and important in the state’s housing stock, the Connecticut Housing Finance Authority has created a three-pronged program to address rental needs at a scale that works for the state’s smaller communities.
A new generation of “social-impact investors” are eager to place their equity in housing as a platform to address a variety of issues they care about, including economic mobility and disparities in health outcomes and educational attainment. Panelists at the recent ULI Housing Opportunity 2016 conference in Boston discussed platforms aimed at expanding the pool of equity investors with the potential to shore up the supply of affordable and workforce housing.
Joel Kotkin, a fellow in urban studies at Chapman University in Orange, California, whose previous works include The Next Hundred Million: America in 2050 and The New Class Conflict, in his latest book challenges the claimed advantages of high-density, “pack and stack” urban development.
“Creative placemaking” can mean different things to different stakeholders, but ULI’s recent Housing Opportunity 2016 conference offered participants some very different strategies as to how to incorporate the concept into their own projects.
With the trend toward urbanization increasingly pricing families out of housing in cities, one solution to the problem would be to simply construct more affordable multifamily housing stock in the suburbs.
In theory, mixed-income communities offer low-income residents a chance to move up the socioeconomic ladder, get a better education, and lead healthier lives. But a look at the data so far shows our current strategies are largely inadequate, said Aaron Seybert, social investment officer at the Kresge Foundation, speaking at the ULI Housing Opportunity Conference in Boston.
Panelists at the recent ULI Housing Opportunity Conference discussed the impediments to low- to moderate-income wage earners achieving homeownership, saying that most large lenders and many regional and smaller lenders have lost their ability to originate layered mortgages, due to the increased complexity of the new regulatory environment.
Memorial Day unofficially kicks off the busy summer travel season, and this summer is shaping up to be the busiest travel season in years. Despite the bright outlook for summer travel, almost five months into the year, year-to-date lodging sector real estate investment trust (REIT) returns measured –2.93 percent. Plus, interest rate survey data from Trepp.
Speaking at the recent ULI Housing Opportunity Conference, Rick Haughey, vice president of industry technology initiatives at the Washington, D.C.–based National Multifamily Housing Council, likened the wiring of the United States to the internet to the early development of the nation’s highways, but as a cautionary tale, creating unintended winners and losers in the process.