Affordable Housing
Roughly 10,000 people live on the streets or in temporary shelters in San José, California. This estimate, based on 2023 point-in-time calculations, sparked ULI members in the San Francisco Bay area to leverage ULI’s Homeless to Housed (H2H) grant initiative to help uncover potential housing solutions for their bayside neighbor.
“ULI members in San Antonio understand the precariousness of their city’s housing crisis,” says Javier Paredes, principal at StudioMassivo and ULI San Antonio member leader. “They [also] recognize the power of aligning housing with transit to create greater housing stability.” In response to San Antonio’s housing crisis, ULI San Antonio members and staff applied to participate in a local technical assistance grant program from ULI’s Homeless to Housed (H2H) initiative.
In Lafayette, Louisiana, homelessness and the lack of affordable housing are creating strain, prompting NIMBYism among community members and leaving civic leaders uncertain of a clear path forward. Understanding this challenge and the tension it can create throughout a city, ULI members gathered community members and leaders to dig into the difficult challenge of housing the city’s unhoused and most vulnerable residents. Supported by the ULI Homeless to Housed (H2H) grant initiative, Catholic Charities of Acadiana in Lafayette and ULI Louisiana gathered more than 300 residents for a series of community workshops to better understand the challenge and to outline pathways toward more deeply affordable housing and services for people most in need.
Estimates suggest that, on any given night, almost 800 individuals are unsheltered, and more than 3,700 are living in emergency or transitional housing in Philadelphia. Homelessness can often be connected to difficulties in finding affordable housing.
With insights and research from a ULI Technical Advisory Panel and ULI’s Terwilliger Center, the Austin Housing Conservancy fund, a revolutionary approach to preserving workforce housing, was born. Now known as the Texas Housing Conservancy, the fund became the nation’s first to combine a nonprofit investment manager, Affordable Central Texas, with an open-end private equity fund.
As we approach Election Day on November 5, issues such as the shortage of affordable housing and climate change are top of mind for many voters. When it comes to the cost of living, an unprecedented increase in home prices and surging rent are affecting both renters and homeowners. Adaptive reuse, particularly in urban areas, must be considered as a solution to mitigate these pressing matters, especially in an older city such as St. Louis, Missouri, which was founded in 1764.
A $3.6 billion commitment to create or preserve 35,000-plus affordable homes
President Biden’s administration aims to speed up historic building reviews.
The city of Baltimore has approximately 13,000 abandoned houses and 20,000 vacant lots that create health, safety, and financial hazards for nearby properties. Although it might seem simple to fix and flip these homes, the math doesn’t easily compute.
In an era when the demand for attainable housing continues to outpace supply, sustainable workforce housing is a necessary and prudent investment decision based on three key market trends. Primarily, the demand for attainable housing is growing. Workforce rental housing is increasingly sought after, particularly given dwindling affordability and growing barriers to home ownership. Last but not least, generational demand contributes to the rise of sustainable multifamily housing.
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