Community Savings Credit Union’s Post

Access to affordable housing is an ongoing challenge for many in BC and across Canada. I was proud to see Cascadia Green Development and Community Savings Credit Union's rent-to-own program in the Vancouver Sun this past weekend as one solution making waves in North Vancouver. What makes this program remarkable? It enables program participants – prioritizing first responders in the City of North Vancouver - to put 100% of their first two years of rent towards a deposit. Where previously tenants may have been locked in a cycle of constantly paying high rents instead of saving for deposit, with this program, participants will have 10% down at the conclusion of their two-year rental period, and a guaranteed purchase price. This program is one of the many reasons we are so proud to have Cascadia Green Development as a member of Community Savings, and why I joined the board of the Cascadia Green Real Estate Investment Trust (REIT) – when developers, municipalities and financial institutions work together, we can create a program that truly benefits working people, in this case first responders on the North Shore. This is a first step that demonstrates what’s possible with collaboration and innovative thinking. If you would like to work with Community Savings on a rent-to-own program in your development, or on other innovative programs for affordable housing, please reach out. #AffordableHousing #PurposeDriven #creditunion #vancouverrealestate https://lnkd.in/gKcUk-E2

“Kilpatrick Woods will feature a Homeowners Association (HOA) and a 3,000-square-foot community center. This center will be a hub for gatherings and include a playground…” Why?!? Why does nearly every new housing development incorporate an HOA. This is unnecessary and of little actual benefit to homeowners. Instead, work with local governments to build public recreational parks that are not exclusive to one particular community. Stop creating the need for developer-controlled communities, followed up by volunteer led HOA boards. The majority of Americans do not want to serve on a board, do not want enforcement of onerous restrictions, they won’t use the common property that much, and do not want to pay HOA fees that will increase substantially within a decade. I love the concept of ownership of modular and/or manufactured homes to include the land. But ditch the HOA. #homeownersassociation #workforcehousing #homeownership #modularconstruction #manufacturedhomes

Unlock federal lands for affordable housing: 1. Prioritize non-market community housing, 2. Pivot from sales to $1 lease, 3. Ditch the idea of « surplus » land and look at mixed use

Get advice from experts on how you can gain support from your #housing plan. In this webinar recording: Learn how Americans view housing in their own communities with exclusive Polco data. Elrod Strategic Planning Consultant, Diana Elrod, explains how her company brought people together to discuss much-needed housing in the Bay Area.  And Abby Boyd Director of Housing Opportunities, Virginia Housing, discusses how the #HousingShortage has impacted her state’s communities and what they are doing about it. Read more: https://lnkd.in/ep-sxyHN

🌴 A recent article sheds light on Florida's affordability crisis, attributing it to two key factors: insufficient wages and a scarcity of suitable housing options. 📈 Monthly rents are rising faster in Miami, Orlando and Tampa than almost any other area of the country. 👨👩👧👦 Affordable housing options are crucial for ensuring equitable access to shelter and promoting community resilience. 🏘️ With multifamily complexes and manufactured home communities, we can address economic challenges while providing safe and affordable homes for all. 📄 Read the full article: https://shorturl.at/pyFQ9 #VerticalEquityPartners #FloridaHousing #RealEstateInvesting

The need for affordable housing is undeniable. Single-family rentals can be part of the solution. Designed specifically for renters, they offer families more space & stability compared to traditional apartments and provide the sense of community so many people looking for homes are in search of. This Forbes article touches upon this critical issue and points out that without collaboration between public and private sectors, it will be difficult to solve. That’s why Quinn Residences is focused on helping to build homes in thriving communities where people can feel at home. If we can be a part of the solution and provide families with a place to lay down roots then we know we’ve accomplished our goal. What are your thoughts on SFRs as a solution to the housing crisis? Drop your comments below. https://bit.ly/4aRW2Bo #sfr #btr #realestatemarket #housingmarket #rentvsbuy #affordablehousing #communityliving

With the advent of Builder's Remedy (SB 423) and other similar ballot initiatives in CA, progress on alleviating the state's housing crisis is being tracked at both the city and state levels through the Dept of Housing and Community Development's state-mandated Regional Housing Needs Allocations (RHNA). The OC Register's recent article really illuminates how far off of "goal" pacing the state currently is.  The Dept of Housing and Community Development 's 8 year goal is 2.5 million new housing units in the state (312,500/year or 78,125/quarter). Overall, total housing permits statewide in CA for Q1 2024 reached 23,187 units. This is a 2% increase from last year, a 19% decline from the 2021-2023 average, and obviously about 70% short of where the state wants them to be.  https://lnkd.in/gnbSnJsM

This is one of the best articles I've read on the housing crisis, how we got here and what can be done to solve it. The research is based in Toronto but it could have been Vancouver all the same. I highly recommend the read, thanks Richard Warnica for such an informative article. #torontostar #realestate #housingshortage

Accessible and attainable housing! Housing advocates we must change the message and communicate this better! Sessoms told the group that one of the first issues that needs to be addressed is the tone and tenor of the conversation around affordable housing. Several other members of the discussion agreed with Sessoms' assessment. Currently, he said, many people hear the term affordable housing and think of low-income or Section 8 housing. Instead, Sessoms said he prefers the term “accessible housing” – especially when it comes to the so-called “missing middle” housing, which refers to a range of housing types that fit between single-family detached homes and mid-to-high-rise apartment buildings. #attainablehousing #accessiblehousing

Exciting News for Affordable Housing in Chicago! 🏡✨ Discover how the Chicago Community Receivers Program is making a significant impact on affordable housing in our city. This initiative is transforming communities and providing much-needed housing solutions. Check out this detailed article to learn more about the program's efforts and successes! #AffordableHousing #CommunityDevelopment #Chicago #HousingInitiatives #UrbanPlanning