National Rental Home Council’s Post

New data released by BC Housing shows a record number of purpose-built rental homes were registered in BC, approximately 30% more than in 2022. The December 2023 New Homes Registry Report shows 19,064 rental homes were registered in BC in 2023, the highest annual total since BC Housing started collecting this data in 2002. Learn more at https://lnkd.in/gduzRN38 #rentalhomes #housingBC #newhomes #BC

🏠 Accessory Dwelling Units (ADUs) are emerging as a crucial solution to the US housing crisis, offering affordable housing and financial stability for homeowners. 💡 ADUs are secondary housing units on single-family residential lots, becoming increasingly popular due to the US housing shortage. Homeowners and property managers are utilizing ADUs to create additional housing and increase property value. 💡In California alone, nearly one-fifth of new housing units are ADUs. Building an ADU can significantly enhance property value and provide substantial rental income, making them a vital part of the housing future. Read the full article to explore the potential of ADUs: https://lnkd.in/eH8DWysj _ ➡️ Follow for the latest industry news and trends that can impact your business! #RealEstate #PropertyManagement #Landlords #REOAgents #HousingTrends #AffordableHousing #PropertyValue #ADUs #USHousing #ResidentialProperty

This is an excellent initiative of the ALP Minns State Government of NSW. Expect hundreds of other potential NSW Government Public Landholdings to be released soon, dampening rampant speculation in future major urban development sites across metropolitan Sydney. This move aims to provide long-term, fit-for-purpose residential-grade human-scale midrise apartments and limit the growth of the 100,000 speculative investment-grade apartments and towers currently littering the Sydney landscape, most of which are unsuitable for long-term residential accommodation. The Mayor of London's approach requires that up to 50% of all London Council surplus land sold off for residential use be allocated for affordable housing. Since its implementation, this socially responsible policy has yielded over 30,000 new affordable dwellings for the London Council. The challenge now lies in the Minns State Government developing a scalable plan to address the shortage of over 250,000 affordable and social dwelling areas in metropolitan Sydney, ideally with all future Govt sites sold off mandatory requirements and up to 50% set aside for affordable and social dwellings. A scalable, fast-market solution in advanced modular construction is needed. Conventional custom construction faces challenges due to the mass exodus of tradies from NSW, with over 20,000 leaving last year. These workers also require affordable accommodation, especially given that over 1 million rental-stressed tenants in NSW seek affordable and secure tenancies. #Sydney #advancedmodular #housingcrisis

Housing Today Homes for Scotland Here in Scotland , many Housing Associations like Grampian Housing Association have developed strategic long-term partnerships with Private developers to produce a quality standard that delivers value for money social rented homes in tenure neutral balance communities for section 75 homes (equivalent to section 106) - the quality standards have increased over the years - often as a requirement of min. grant standards - such as the installation of fire suppression systems in every home.... and yes the quality standard can be higher( e.g. room sizes) - but we work with developers to achieve our own minimum standards - delivering more homes at less risk to the Association.

The upcoming Metro Railway Service enhancements are exciting news for Metropolitan Sydney. They promise a future 4-minute peak service from Bankstown Railway station. My recent assessments, which involved walking around Bankstown for two days, revealed vast potential within a 1,200m rezoning radius of the station, showcasing an opportunity for up to 25,000 quality-inclusive mid-rise apartments. This strategic development ensures the viability of Bankstown Town Centre. It addresses the housing needs of thousands of Bankstown "Baby Boomers" seeking downsizing options within their beloved community, which is currently in a diabolical shortfall. Moreover, the underutilized State and Local Government land holdings present a significant opportunity for inclusive mid-rise apartment projects. Considering the pressing need for affordable housing, the proposal should align with the Mayor of London's policy, emphasizing the social responsibility of NSW Government and Local Governments to cater to "essential workers" housing requirements near crucial railway infrastructure. The Mayor of London requires that up to 50% of all London Council surplus land sold off suitable for residential use be set aside for affordable housing. So far, this "social responsibility policy" has yielded over 30,000 affordable dwellings. Sydney's evolving landscape holds immense potential for sustainable urban quality residential grade inclusive mid-rise apartment development and community growth. #MetropolitanSydney #RailwayInfrastructure #UrbanDevelopment #HousingOpportunities #Harropfactor #Placemaker #advancedmodular #sustainability #inclusiveness #residentialgrade #midrise #ThriveAlliance #AffordableHousing

The first region-wide study of its kind shows that a relatively new housing policy in Metro Vancouver has produced thousands of new below-market rental homes in recent years, built almost entirely by the private sector, reported The Province. "But these so-called inclusionary housing policies are applied in a patchwork fashion across the region, and could benefit from more consistency, says a report going to Metro Vancouver’s directors on Friday." "An “inclusionary housing policy” essentially lets developers to build larger residential developments than they would be otherwise be allowed. In exchange, they must provide a certain percentage of below-market rental homes. Details vary between jurisdictions, but typically require between five and 20 per cent of a project’s units be secured at below-market rates, with the rest made up of market rental or strata homes." "About 9,200 below-market homes in Metro Vancouver have been approved or completed through these policies in recent years, the report says. No one suggests that is sufficient to meet the region’s demand for affordable housing. But it seems likely the rental housing crunch would be worse today without those homes." https://lnkd.in/gJtmHWr3 #metrovancouver #residential #development

Exciting news for Victorian homeowners! Recent planning reforms make adding a granny flat or secondary dwelling more accessible for Victorian homeowners. By eliminating the previously required council planning permits, the changes allow fast-track approval for qualifying granny flats under 60 sqm on properties over 300 sqm. Implemented in December 2023, the reforms intend to boost overall housing supply. There's much more detail here https://lnkd.in/gqKtGSfT but let's summarise: What’s changed? 🏡 Planning permits no longer required for granny flats under 60sqm when built on a lot over 300sqm 🏡 Over 700,000 properties now eligible for fast-track approval 🏡 No more restrictions on use or occupancy 🏡 No requirement to remove when no longer occupied – can remain as permanent structures 🏡 Permits still required for smaller lots or hazard areas 🏡 Building codes and ResCode standards remain Benefits for Homeowners and Victorian residents The reforms open up possibilities for Victorian homeowners by removing the planning permit obstacle: 🏡 More accessible and affordable housing 🏡 Multigenerational living 🏡 Housing and care security for older Australians 🏡 Additional rental income 🏡 Increased property values 🏡 Progress toward housing targets 🏡 With rising costs, granny flats allow extra space or rental revenue. While permits are no longer needed, PreCrafted modular granny flats can further streamline the build process: 🏡 Faster completion and minimised delays 🏡 Designs that can be personalised to suit your needs, style and existing property 🏡 Quality, sustainable materials and less waste 🏡 Simpler, faster installation Don't complicate this new, simpler process. Whether you're an architect, builder, homeowner or house seeker, leveraging PreCrafted maximises these reform advantages. If you want to know more, we're here to help. #Greenspan #grannyflat #seconddwelling #councilplanning

Our Single Family Housing (SFH) report is now live! You can find it below or here: https://lnkd.in/ecwENQbn. The report examines investment volumes into the SFH sector, what it means for supply and pipeline figures, as well as an analysis of tenant profiles, and local amenity provision for existing communities. The report also includes the results of our survey of 20 leading institutional investors currently active in the market who, combined, are looking to spend £17 billion funding or acquiring SFH stock over the next five years. Here are some highlights: - Investors spent a record £1.9 billion acquiring or funding more than 6,200 SFH homes last year, up from only £388 million in 2022. - The total number of SFH units in the UK, either existing or in the pipeline, is now just above 26,500, with 11,575 operational and a further 15,000 in the pipeline. The total size of the SFH market has nearly trebled since 2018. - Nearly 50% of privately renting households in the UK live in suburban areas, equating to 2.65 million households. Current SFH supply caters for just 0.4% of that number. - Investors increasingly look for scale and diversification into the different UK regions. Current supply of completed SFH stock is heavily weighted towards the North West, which accounts for 44% of the market. However, analysis of the future pipeline suggests that 87% of the SFH developments in planning or under construction are located outside of the North West. - By 2029, 65% of investors we surveyed said they plan to have significantly increased their exposure to the SFH market in the UK. The majority of investors (75%) are targeting locations in the South East and the East Midlands, with 70% targeting the South West and 65% targeting the West Midlands. There is a clear opportunity for SFH to play a role in increasing housing supply at a time when the demand for high quality and sustainable rental housing, particularly for families, is acute. Oliver Knight Lizzie Breckner Jack Hutchinson Nick Pleydell-Bouverie David Shapland Guy Stebbings

"Detailed estimates of the numbers of rental units the government expects the program to develop were not provided, but 20 sites with the potential to provide up to 4,000 rental units have already been identified, said Eby." "BC Builds projects a concept-to-construction timeline of 12 to 18 months to build the housing, compared with the current 3- to 5-year average to complete rental projects, he said." The ministry said BC Builds developments aim to create affordable housing for families with incomes from $84,780 to $131,950 for a studio or 1-bedroom home, or $134,410 to $191,910 for a 2-bedroom home or larger. Now, considering the recommended income-to-rent ratio of 30%, we could be talking about $2100-$3200 for a studio or 1-bed apartment and $3350-$4700 for a 2-bed if they consider this 30% threshold. I wonder how "middle income/affordable" that is. 🤔 https://lnkd.in/g-3YuKuP

🏠 Grand Rapids Housing Update 🏠 Exciting news for Grand Rapids! The City Commission has approved significant changes to housing ordinances, addressing our city's housing challenges head-on. Here’s a breakdown of the key changes set to take effect on May 23: 1️⃣ Accessory Dwelling Units (ADUs): The commission has made it easier to build ADUs, small independent homes on the same property as another home. Previously restricted to single-family, owner-occupied properties, ADUs can now be permitted alongside single- or two-family homes. This change removes owner-occupancy requirements, streamlines the review process, eliminates parking requirements for ADUs, and adjusts height and setback requirements. Homeowners gain more flexibility in renting out their properties and financing ADUs. 2️⃣ Roommate Limits: The limit on unrelated roommates in a home has been increased from four to six. However, minimum area requirements ensure living spaces remain comfortable and safe. 3️⃣ Group Living: Zoning now supports small-scale single-room-occupancy homes in residential areas, expanding housing options and accessibility. 4️⃣ More Units in Buildings: Requirements for multi-unit developments have been eased for homes with two to six units, encouraging multi-family housing in traditional neighborhoods. 5️⃣ Parking: Parking requirements have been reduced for developments with six or fewer units in specific areas, aligning with citywide parking strategies. These changes reflect a proactive approach to addressing housing affordability and diversity in Grand Rapids. Stay informed and engaged as our city evolves to meet the needs of its residents! #GrandRapidsHousing #CommunityDevelopment #AffordableHousing"