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3 affordable housing projects that serve as social catalysts

BD+C

Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

Housing 111
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Cracking the code of affordable housing

BD+C

million homes that are accessible to low-income renters. Nationwide, 60% of all workers earn less than what’s required to afford a two-bedroom rental home, according to a June report by the National Low Income Housing Coalition, which also cited the shortage of affordable housing.

Housing 104
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Innovation Is Thriving In Arizona

Business Facilities

While the national average of per-capita income going to taxes is 9.9 In addition, Arizona’s taxes on property, gas and personal income remain low compared to the rest of the country. Boeing will add hundreds of additional employees to its Mesa operations as it moves some of its internal services from Seattle.

Arizona 76
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Is Urban Flight to the Burbs Golden?

Pro Builder

He added that expensive downtown apartment markets, such as the Bay Area, Seattle, and Boston, are seeing a massive flight to affordable markets. Meanwhile, low-income households and consumers just starting their careers were hurt by the Great Recession and the pandemic combo, which was evident in the drop in renter household formation.

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Housing Market Pushes Buyers to Rentals, Intensifying Demand

Pro Builder

Landlords are receiving more applications than usual, with many applicants offering larger security deposits and coming in with better credit histories, reports CNBC. One Maryland landlord said they have leased properties for 20 years and have not seen this type of applicant pool before. Some markets are seeing more demand than others.

Housing 52
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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

Respondents were particularly positive about the prospects for equity capital from foreign investors, institutional investors and private equity funds, as well as debt from insurance companies, mezzanine lenders, and issuers of commercial mortgage-backed securities. real estate advisory practice leader, PwC.

ULI 83
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Industry Focus: Global Aerospace Production Soars To New Heights

Business Facilities

The state also is home to leading manufacturers of all types of aircraft and aircraft components and one of the nation’s largest military, defense and homeland security industries. Florida is home to one of the nation’s largest defense and homeland security clusters and ranks in the top 5 states in Department of Defense contract awards.