Residential
U.S. President Donald J. Trump signed the nearly 900-page One Big Beautiful Bill Act into law on July 4. The budget reconciliation legislation extends numerous provisions included in the 2017 Tax Cuts and Jobs Act that directly affect commercial real estate, including reinstatement of bonus depreciation and extension of the Qualified Opportunity Zone Program. It also incorporates provisions aimed at incentivizing affordable housing, including a significant expansion of the Low-Income Housing Tax Credit (LIHTC) program. At the same time, the new law makes major cuts to wind and solar incentives.
Five experts from ULI’s Residential Neighborhood Development Council discuss the challenges and opportunities ahead for homebuilders; what buyers and renters want from their neighborhoods, and how they value sustainability and resilience; what state and local housing policies are effectively encouraging housing construction; and other trends.
Amblebrook, an innovative retirement community in the historic setting of Gettysburg, Pennsylvania, was specifically designed to remedy this social disease. It shatters the mold of the conventional 55-plus community.
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.
A tsunami of emptying houses of worship—up to 100,000, according to one religious source—is washing across America. Developing intelligent reuses and redevelopments for these properties will make the difference between a community flourishing and struggling. Housing advocates view underused faith properties as natural sites to develop projects that help close the great national gap on affordable housing.
ULI Asia Pacific report builds the business case.
Daryl Fairweather, chief economist for real estate brokerage Redfin, will be presenting at the upcoming 2024 ULI Housing Opportunity Conference in Austin. A classically trained economist with both a Ph.D. and a master’s degree in economics from the University of Chicago, Fairweather previously worked at Amazon and the Federal Reserve Bank of Boston.
The ULI Terwilliger Center for Housing has announced two winners for the 2023 Jack Kemp Excellence in Affordable and Workforce Housing Award and four winners for the 2023 Terwilliger Center Award for Innovation in Attainable Housing.
Developers, nonprofits, and advocates for homeless services believe that now is an ideal time to raise awareness of Title V.
Many Americans are considered severely rent-burdened, as they spend more than 50 percent of their earnings on housing. For people with disabilities and the elderly, there is a triple whammy—prices are soaring, their incomes are not keeping pace, and only a fraction of housing is built to accommodate those with limited mobility.
The Green and Resilient Retrofit Program, a new program, has made funds available from the Inflation Reduction Act to support decarbonization and resilience upgrades.
Experts discuss the growing crisis of housing attainability for lower- and middle-income households across the United States, including ways the private and public sectors could help increase housing production, preserve existing affordable housing, and give more people access to housing; strategies for encouraging communities to accept more housing construction; and other related trends.
As leaders in land use, real estate, and commercial development, ULI members can counter homelessness and advance solutions that are cost-effective and rapidly deployable. Indeed, last summer, through the support of members led by Preston and Caroline Butcher, ULI launched its Homeless to Housed (H2H) program.
Top experts share innovative programming and latest strategies to fund development.
Last year, Massachusetts passed the Multi-Family Zoning Requirement for MBTA Communities (also known as Section 3A). When fully implemented, the law will affect the 175 municipalities—half of the total in the commonwealth—that are served by the state’s mass transit system. Section 3A mandates that there must be at least one zoning district where multi-family housing is allowed “as of right.”
After another active hurricane season, Florida’s resilience continues to be a huge and growing practical and financial priority. Strategic planning focused on strength and durability is helping mitigate wind and flood damage.
Resort communities are appealing places to live year round, with stunning natural beauty and recreational opportunities in abundance. However, the same factors that make these places attractive can make them difficult for locals.
The ULI Terwilliger Center for Housing has selected government bodies in San Diego and Washington, D.C. as winners of the 2022 ULI Robert C. Larson Housing Policy Leadership Award.
The 2022 ULI Asia Pacific Home Attainability Index analyzes home attainability, both for ownership and rent, in 28 cities in five countries in the Asia Pacific region including Australia, China, Japan, Singapore, and South Korea. These countries have a combined population of approximately 1.8 billion or 21 percent of the world’s population.
To find new solutions, speakers at the 2022 ULI Europe Conference said that it is important to not only understand what’s driving housing unaffordability but also consider the mismatch between who has the power to deal with the problem and who has the mandate to deal with the problem.
Multifamily Tax Exemption Program makes housing affordable to more renters.
ULI’s Terwilliger Center for Housing is increasing its focus on work done at the district council level, Christopher Ptomey, the center’s executive director, said in introducing a panel Wednesday at the 2022 ULI Spring Meeting in San Diego. The panel, titled “Attainable Housing for All: Replicable Best Practices from Local Housing Challenges,” presented work at the district council level in Phoenix, Philadelphia, and Washington, D.C.
During the 2022 ULI Housing Opportunity Conference, a panel discussion on “Getting Residential to Net Zero” began with real estate professionals sharing profiles of net zero projects, followed by a passionate discussion on the urgency to get real estate to net zero.
ULI MEMBER–ONLY CONTENT:In the past year, while investors have been eager to pour capital into the burgeoning build-to-rent (BRT) single-family residence market, in many cases they are finding plenty of roadblocks to profit, said panelists at the 2021 ULI Fall Meeting. Development sites are harder to find, the price of new construction has soared, and builders are finding they can make more money selling homes to buyers.
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Michael Spotts, a senior visiting research fellow at ULI’s Terwiliger Center for Housing and head of Neighborhood Fundamentals, recently appeared on the Talking Headways podcast. Spotts chats with us about takeaways from the Shaw Symposium on Urban Community Issues, the definition of infrastructure, and the importance of taking a systems approach to important interconnected topics like transportation, education, and health care.
The multifamily sector is successfully weathering the pandemic and construction continues to boom, leading the commercial real estate industry’s overall recovery. But development doesn’t appear even across multifamily market segments.
A Utah developer includes townhouses to densify one block in the downtown of a new community southwest of Salt Lake City.
Located in Santa Ana, California, La Placita Cinco is an innovative $31.4 million mixed-use project and a great example of how developers can revitalize aging retail.
Developers build single-story, single-family detached housing units in multifamily communities to rent at premiums over multistory projects.
As attention turns to what real estate markets may be like once the COVID-19 pandemic has wound down, the outlook for office properties is particularly hazy. More than a year of home-based work left office spaces idle, and it remains unknown how many people will resume their daily commutes once health conditions and local regulations permit.
