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.
A developer uses suburban retail experience to craft a dense, mixed-use community in the heart of Portland’s Central Eastside.
A new ULI report describes a variety of public financing tools for cities seeking to reinvent themselves and attract greater private investment. The report, however, is not about any one specific financing tool or taxing mechanism, but about the leadership, strategic vision, and political will necessary to create a plan for reinvention and execute it. Expert panelists discussed how these challenges played out in Pittsburgh; Greenville, South Carolina; and Cincinnati at the recent ULI Housing Opportunity Conference in Boston.
Despite a regional economy that is faring better than that in much of the United States, many of New England’s major cities are struggling to provide enough affordable housing for their middle-income workforce.
Landlords are confident that apartments are not overbuilt, and rents continue to increase in many markets, but real estate investment trust investors are less certain. This year, deliveries are reaching new peaks, and investor worries about a market softening are reflected in the sector’s –1.12 percent year-to-date total return. Plus, interest rate survey data from Trepp.
The city’s center, inside the circular Yamanote Line, has seen massive redevelopment in recent years. Now, developers are looking further afield.
The redevelopment of London’s historic King’s Cross Station was completed in March 2012. Launched in 2005, the remodeling project has improved passenger facilities, made operational activities more efficient, and increased retail opportunities. The project adapted and reused the train shed and range buildings, restored the station’s previously obscured facade, and added the new, visually striking Western Concourse that serves as the centerpiece of the remodeling project.
In February, Enterprise Community Partners unveiled an ambitious policy platform that is intended to improve the lives and outcomes of housing-insecure families.