Behavioral Innovations’ Post

Last week the Greysteel Affordable Team met up to share information during our summer learning series. Murphy Holloway led the talk on Community Housing Development Organizations (CHDOs). Many in the affordable space are familiar with property tax abatements properties receive by having a CHDO as a GP in states such as TX. This can have a huge impact on the feasibility of the deal by increasing NOI. However, we also talked about other scenarios where it can be accretive to use a CHDO. 15% of HOME funds are set aside for development entities with a CHDO as a participant. Additionally, if a CHDO is the developer, they do not have to pay sales tax on construction materials. CHDOs provide supportive services for residents such as GED training courses or bus services, which can be mandated by the LURA or local housing authority and improve the quality of life for low income tenants. In what scenarios have you seen CHDOs used in affordable housing that are accretive to the financials or the tenants?

Thinking about going back to school? If you're considering further education, but are just not sure whether you can afford it, we can help you understand your options. Like they say, an investment in knowledge pays dividends. And life is far too short to feel stuck in a job your don't love.#GetFinancial #Warrandyte #Doncaster #Donvale #Templestowe #Parkorchards #Ringwood #MortgageBrokerAustralia #MortgageBrokerMelbourne #GetFinancial #MelbourneProperty #MelbourneHomes

We’re investing $4.45 million to help school authorities offer more dual credit experiences for students in grades 10, 11 and 12 for the 2024.25 school year. In addition, to attract young Albertans to high demand careers in the health care sector, Alberta Health is investing $450,000 each year, for three years more to support health care aide dual credit grants. This initiative is vital to supporting student success by improving high school completion rates and building a qualified, educated and engaged workforce. Preparing Alberta students for careers in the province’s growing and diversifying economy is crucial to fill in-demand positions across the province.

How important is this to you, your business, your employees ? You can have your say by following the link. #adulteducation #suffolkdevolution

Over 90% of lottery applicants compete for the few lowest-income units! The data raises important questions about how affordable housing is being underwritten: whether mobile vouchers can be better integrated into new affordable housing (for instance in Inclusionary Development Policy (IDP) units and how new programs (such as Boston’s new rent subsidy program) can address this serious shortcoming of the affordable housing sector.

🏡 If you're working in affordable housing, you already know—rental property financing can feel like a puzzle. 😕 ❗ With the Rental Housing Development Finance Professional Certification™, you can connect the pieces. HAI Group is proud to offer the first course on our Online Training portal. Learners train with Grow America (formerly the National Development Council), the most experienced and comprehensive community and economic development nonprofit in the U.S. 🌟 👉 This certification covers the steps of the housing development process, the techniques used to analyze and structure financing for rental housing deals, and the problem-solving and negotiating skills needed to make complicated deals work. ✅ Topics include the rental housing development process, Historic Rehabilitation and Low-Income Housing Tax Credits, negotiating, problem-solving, deal structuring, and more. 👉 Start here: https://lnkd.in/ejWvhGqi #affordablehousing #finance #opportunity #training

Housing! It's an important topic that comes up in most every conversation I have while in the community. In the Madison metro area, on average, a person would have to work 3.7 full-time jobs making minimum wage to afford a two-bedroom apartment, according to the National Low Income Housing Coalition. Did you know - -There is a significant shortage  of rental units affordable for the lowest-income renter households in the city.  -Madison is expected to add 115,000 residents between 2020 and 2050, a 42% increase.  -Housing experts project the community will need at least 10,000 new homes every five years to keep up and the development of new housing has not kept pace with these projections.  -Madison is the 5th-most competitive small rental market in the United States, a recent study found. The problem is big, but there are things we can do to support a more healthy housing market. Read more below about our partnerships with developers! Pictured here are two incredible people on our housing team, Claire Baker and Taylor Rozman, both of whom are involved in making these partnerships successful and by advocating for the people we serve.

What would you tell your younger self about saving? We asked six people from around the country for their wise words and here’s what they had to say (Post 6/6) 💰Do your research💰 "Regularly review your providers such as electricity or Wi-Fi. Search around for savings accounts that will actually return a good interest. Set a goal amount you want to save and budget accordingly. And pay off your credit card monthly." Jill*, 59, Hampshire *To protect the privacy of certain individuals the names and identifying details have been changed, but ages are correct. These are opinions of individuals we interviewed only and their views are not representative of Teachers Building Society, nor are they making recommendations on our behalf. Your eligible deposits with TBS are protected up to £85k by the FSCS. For cover details and eligibility please visit - https://lnkd.in/ecwGw5dm Teachers Building Society, Allenview House, Hanham Road, Wimborne, Dorset BH21 1AG Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register no. 156580)

🏡 If you're working in affordable housing, you already know—rental property financing can feel like a puzzle. 😕 ❗ With the Rental Housing Development Finance Professional Certification™, you can connect the pieces. HAI Group is proud to offer the first course on our Online Training portal. Learners train with Grow America (formerly NDC), the most experienced and comprehensive community and economic development nonprofit in the U.S. 🌟 👉 This certification covers the steps of the housing development process, the techniques used to analyze and structure financing for rental housing deals, and the problem-solving and negotiating skills needed to make complicated deals work. ✅ Topics include the rental housing development process, Historic Rehabilitation and Low-Income Housing Tax Credits, negotiating, problem-solving, deal structuring, and more. 👉 Start here: https://lnkd.in/ejWvhGqi #affordablehousing #finance #opportunity #training

🏡 If you're working in affordable housing, you already know—rental property financing can feel like a puzzle. 😕 ❗ With the Rental Housing Development Finance Professional Certification™, you can connect the pieces. HAI Group is proud to offer the first course on our Online Training portal. Learners train with Grow America (formerly the National Development Council), the most experienced and comprehensive community and economic development nonprofit in the U.S. 🌟 👉 This certification covers the steps of the housing development process, the techniques used to analyze and structure financing for rental housing deals, and the problem-solving and negotiating skills needed to make complicated deals work. ✅ Topics include the rental housing development process, Historic Rehabilitation and Low-Income Housing Tax Credits, negotiating, problem-solving, deal structuring, and more. 👉 Start here: https://lnkd.in/ejWvhGqi #affordablehousing #finance #opportunity #training