A few developers, such as New York City–based Jonathan Rose Companies (JRCo) and St. Louis–based McCormack Baron Salazar, start with a mission-driven approach to create vibrant communities that give more people a safe and engaging place to call home—and then make sure that the developments also fit with their profit motivation.Read More
A development in Boston is the first of the five initial Choice Neighborhoods projects to be completed when HUD Secretary Julián Castro cut the ribbon on Quincy Heights, a 129-unit scattered-site housing redevelopment in Dorchester’s Quincy Corridor.
At a panel discussion on mixed-income housing at the recent ULI Housing Opportunity 2015 conference, ULI trustee Colleen Carey shared a recent experience of trying to raise capital for a mixed-income multifamily project that her firm, the Cornerstone Group, hopes to build as part of Lyndale Gardens, a new town center in Richfield, Minnesota.
Affordable housing projects are often ground zero for the achievement gap that exists in the United States said panelists at the ULI Housing Opportunity conference. Nearly one in four American children (22 percent as of 2013) live in poverty, with half of those children living in neighborhoods of concentrated poverty.
More than 30 of the nation’s leading multifamily developers, owners, and capital providers gathered in May to discuss issues facing the industry at the 2nd annual ULI/Carolyn and Preston Butcher Forum on Multifamily Housing in Houston, Texas, with four key themes emerging.
The newly founded J. Ronald Terwilliger Foundation for Housing America’s Families launched in June with the release of an investigative housing report, focused on the post–Great Recession housing market in the United States.
Residential rents are at the crisis level, according to real estate economists who addressed a gathering of the National Association of Real Estate Editors in Miami last week. In addition to crowding out renters’ other budget items, including necessities such as dental care, the ongoing lack of affordability is hindering the market for home purchases.
The ULI Terwilliger Center for Housing has announced the finalists of this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award competition, a program that honors developments that ensure housing affordability for people with a range of incomes. The winners will be announced later this year during a general session at the 2015 ULI Fall Meeting in San Francisco.
The Connecticut Housing Finance Authority’s Small Multifamily Rental Development Strategy and the Palm Beach County Workforce Housing Program have been selected as finalists for the 2015 Robert C. Larson Housing Policy Leadership Award by the ULI Terwilliger Center for Housing.
A generation ago, many children in New York City’s Bronx borough were languishing in underperforming schools. Informed by a growing body of research and buoyed by the area’s can-do spirit, community leaders embarked on an ambitious plan to right this wrong. Their meticulous work came to fruition two years ago with the New Settlement Community Campus.