Attainable Housing
The number of people experiencing homelessness grew by 12 percent in 2023—but Rosanne Haggerty, president and CEO of Community Solutions, a nonprofit recognized for developing innovative solutions to end homelessness, says homelessness is a solvable problem. Haggerty believes that real estate professionals are uniquely positioned to get everyone working toward the same goal of providing basic housing and infrastructure for unhoused people. Haggerty’s organization is taking advantage of increased awareness of the problem by partnering with corporations, banking institutions, government agencies, and philanthropists to help shelter unhoused people.
After developer Bruce Etkin, a past ULI Trustee and a current member of the ULI Foundation board, sold all of his company’s properties in 2021, he channeled his energy and attention to different challenges—one of them homelessness.
Developers of middle-income projects can’t use subsidy programs such as federal low-income housing tax credits (LIHTCs) to finance their plans. Middle-income developments also often don’t earn enough in rent to support conventional construction loans or attract equity investors.
In a general session at the 2024 ULI Spring Meeting, former U.S. Secretary of State Hillary Rodham Clinton spoke with Ralph Rosenberg, a partner and global head of real estate with KKR. Clinton, who now teaches at Columbia University, focused her remarks on what she said are the three major conflicts affecting the global economy.
A member of ULI Los Angeles shares how his company is harnessing creativity and a lot of hard work to build attainable housing that is within reach of most renters.
The Urban Land Institute’s (ULI) Terwilliger Center for Housing has announced three winners for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award and four winners for the Terwilliger Center Award for Innovation in Attainable Housing.
In the context of an economic shock from the outbreak of war in Ukraine and continuing inflationary concerns, Emerging Trends in Real Estate ® Global Outlook 2022focuses on the global outlook for the real estate industry increasing pressure for finance to support the decarbonization of real estate. The industry challenges lenders and their regulators to provide debt for the retrofit of existing buildings and the scale-up of the “climate tech” needed.
With more than a half a million people experiencing homelessness on any given night, the United States needs 6.8 million more affordable housing units, according to the National Low Income Housing Coalition. Speaking on the “Affordable Housing through Alternative Strategies” panel at the 2021 ULI Fall Meeting, Bryan Esenberg, managing deputy commissioner, Department of Housing, City of Chicago, said that there is a 120,000-affordable-unit gap just in Chicago and that at the current rate you likely cannot just build your way out of it.
In a world where consumers have grown accustomed to streaming whatever movies they want on demand and having purchases delivered to their doorsteps the next day, commercial real estate needs to focus its efforts in innovation on providing better consumer experiences, panelists said at the “Innovative Trends in Commercial Real Estate” session at the 2021 ULI Fall Meeting in Chicago.
The ULI Terwilliger Center for Housing has announced 16 finalists for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Awards, which honor exemplary developments that ensure housing affordability for people with a range of incomes. The award recognizes efforts by the development community to increase the supply of housing affordable to households earning less than 120 percent of the area median income.