According to U.S. Census Bureau estimates, the population of Washington, D.C., topped 700,000 residents last year, the first time since 1975. But the Metropolitan Washington Council of Governments estimates a shortfall of more than 200,000 housing units by 2025 to meet the projected job growth and transportation system performance in the urban core of the D.C. region. A ULI Washington Impact Task Force report addressed two main barriers to opportunities for supply growth and attainability: navigating the entitlement and approval processes, as well as gaining community acceptance through engagement and participation.
A light-gauge steel structural system allows an apartment building to rise 12 stories above five parking levels in Atlanta.
Homeownership is still the American dream, but the home Americans are dreaming about does not look like yesterday’s traditional house with its formal living and dining rooms, large yard, and price that is out of reach for many people. A panel of industry experts addressed the U.S. shortage of housing during the ULI Spring Meeting, prompted by a new report, Attainable Housing: Challenges, Perceptions, and Solutions, from ULI’s Terwilliger Center for Housing and RCLCO.
ULI Los Angeles, together with the Los Angeles County Metropolitan Transportation Authority (LA Metro), engaged the UCLA Lewis Center for Regional Policy Studies and the Los Angeles Planning and Land Use Society to study seven half-mile (0.8 km) transit station areas in Los Angeles County in order to determine the positive effects that more development near transit might have on transit ridership, as well as on sustainability, economic development, health, and quality of life in Los Angeles.
A diverse group of experts presented a stark analysis of the rollout of federal Opportunity Zones during the recent ULI Housing Opportunity 2019 conference in Newport Beach, California. More than a year after the program was established, there is still confusion over regulations and implementation, they said.
Panelists at the recent ULI Housing Opportunity 2019 conference said that while the data paint a bleak picture of America’s housing affordability, the spending priorities of California’s new governor may be a sign of positive policy changes at a more local level.
Recent moves by companies like tech giant Microsoft and health care provider Kaiser Permanente to invest in housing initiatives represent a form of “enlightened self-interest,” said panelists during the recent ULI Housing Opportunity 2019 conference in Newport Beach, California.
According to a forecast by Marcus & Millichap, Minneapolis/St. Paul climbed two spots to head this year’s National Multifamily Index, as sustained apartment demand kept vacancy persistently tight, allowing for steady rent growth. San Diego also inched up two notches on solid rent growth to claim second place.
With rental rates skyrocketing in many U.S. cities, more states are exploring ways to protect tenants and address the mounting issues of affordable housing, without wading into the controversial morass of rent control, said panelists during the ULI Housing Opportunity 2019 conference.
A San Francisco developer imports Chinese steel modules to install 22 units of graduate student housing in only four days.