Affordable Housing
The much-maligned Bank of America is working “hard” on a short sale-to-lease program for distressed borrowers who don’t qualify for government-backed refinance programs, says BofA executive Ron Sturzenegger to a session on capital markets at ULI’s 2011 Fall Meeting in Los Angeles. Read more to learn the details of how the bank expects to tackle today’s huge inventory of foreclosed properties.
National and regional housing policy leaders gathered recently in the nation’s quintessential “edge city,” Tysons Corner, Virginia, to discuss why it’s so important to include workforce housing in a planned transformation of a sprawling suburban office park to a walkable, green urban center. Read what ULI members and other experts say about the need for, and ability to, include workforce housing in this particular project and nationally.
Today’s land-lease communities are nothing like the mobile home parks of the past. Given the unique characteristics and capabilities of the business model, these communities continue to enjoy a near-universal sellers’ market, even in the current recession. In today’s market, no other investment realty opportunity offers as many self-help measures by which one can increase cash flow and value.