Attainable Housing
Even though attainable housing represents as much as 60 percent of market demand in some markets, supply constraints are driving up prices on virtually all for-sale housing, and are causing lower cost, entry-level product to all but vanish. Larger, less affordable homes represent a growing share of the market and contribute to a lack of housing supply at lower price points. This trend of bigger homes with multiple bedrooms has coincided with a trend of decreasing household sizes, creating a growing g mismatch of product to demand, the report notes. Nearly 50 percent of delivered homes are four bedrooms or more, while less than 10 percent offer one and two bedrooms. Additionally,<br/>multifamily permits have shifted from for-sale products to products for rent.
Five new case studies that meet the criteria have been selected as the Terwilliger Center’s 2025 award winners: Market Street Village in San Diego, Sendero Verde in New York City, The Aster in Salt Lake City, The Kelsey Ayer Station in San José, and The Wilder in Nashville. Each of them offers an important, in-depth look at the financing structures, development strategies, community partnerships, and public policies that make such ambitious projects viable.
Urban Land sat down with ULI Visionary Jonathan Rose during the Institute’s Fall Meeting in San Francisco to learn more about his four-decade ULI membership and the work that lies ahead.
Australia’s population is projected to grow from 27 million to 31.3 million by 2035. At the same time, the number of Australians age 75 or older will surge from 2.1 million to 3.2 million, heightening demand for age-friendly and accessible homes and neighborhoods. The 2025 ULI Australia Conference was set against this demographic backdrop.
Infrastructure Ontario’s Provincial Affordable Housing Lands Program aims to create a mix of market-rate housing and permanent, sustainable, affordable housing on surplus land in greater Toronto. For its first effort, the agency chose Dream Asset Management, Kilmer Group, and Tricon Residential to develop a mixed-use community with 2,500 apartments on a former brownfield industrial site.
Better Angels, a nonprofit tackling Los Angeles homelessness, is working to deliver dignified affordable housing in one third of the time and cost of conventional loans. Eviction-preventing microloans and tech tools empower outreach workers.
Three existing federal tax incentive programs that have been used frequently by developers received significant upgrades in this summer’s One Big Beautiful Bill Act. Low-income housing tax credits (LIHTCs) have long provided gap equity for affordable housing projects all over the country. New markets tax credits have been providing gap funding for a wide variety of economic development projects for more than 25 years. More recently, Opportunity Zones have steered investments in projects in low-income communities. The Big Beautiful Bill made improvements to each of these programs.
Within the next 50 years, Earth will become a planet of cities. From São Paulo to Shanghai, Lagos to Los Angeles, today’s cities are no longer just places where people live. They are the active ingredient shaping how humanity evolves, how we work, how we connect, and how long we may ultimately thrive as a species. Arguably, few organizations are better positioned to contend with the challenges of a fast-urbanizing world than ULI.
With society and the real estate industry significantly behind on achieving the targets set in the Paris Agreement, and worsening affordability in Europe’s housing, ULI Europe’s C Change for Housing program has launched a landmark interactive systems map and companion report to help the real estate industry identify, co-create, and scale the solutions needed to decarbonize existing and future affordable housing.
ULI’s Homeless to Housed (H2H) initiative, launched after publication of the report Homeless to Housed: The ULI Perspective in 2022, highlights the numerous real estate-driven solutions that have been undertaken in recent years to tackle the problems of affordable housing and homelessness in cities across the country.
District Galleria, the name of a redevelopment plan in White Plains, New York—the county seat of Westchester—will demolish a four-and-a-half-decade-old enclosed mall and transform it into a community-oriented, mixed-use residential and retail space.
Canada’s real estate market remains deeply challenged: Although 2026 isn’t expected to deliver a rapid rebound, there is growing recognition that the next cycle will not mirror the last. Instead, the industry is entering a generational transition that demands new strategies, partners, and capital sources, as well as a fundamental modernization of how companies operate. A record-breaking crowd of more than 500 real estate leaders heard the “balanced but cautiously optimistic” 2026 outlook at the 21st Annual “ULI Toronto Trends in Real Estate” event at the Fairmont Royal York hotel.
Multifamily buildings occupy structures with storied pasts. The rise of remote work and the continued housing shortage have led to a surge in the number of apartments being carved out of former office space—70,700 in 2025 compared to 23,100 in 2022, according to RentCafe. Developers are increasingly turning to structures with former lives—as offices or industrial or commercial buildings—to create multifamily housing that gives residents dwelling spaces that feel rooted in place and connected to the broader narrative of their communities.
The ULI Terwilliger Center for Housing has announced two winners for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award and three winners for the Center’s Award for Innovation in Attainable Housing. “ULI’s Terwilliger Center for Housing is excited to present the 2025 winners of the Kemp and Innovation awards,” said Aimee Witteman, Chief Impact Officer at ULI. “Each winner is showing the industry how to create more inclusive and affordable communities through housing production.”
A new report by the construction scheduling platform Planera shows which U.S. states are adding the most new housing in 2025.
A panel of insiders reveals what’s true—and false—about the housing crisis and how to fix it.