Northern Architectural Systems’ Post

Did you know that until 2015, federal rules barred most residents in a community from making direct investments in a local real estate project? After regulation shifts, we're seeing community ownership projects take root across the country, including our partner East Bay Permanent Real Estate Cooperative - EB PREC in Oakland. EB PREC organizes with tenants and community groups to purchase properties, take them off of the speculative market, and create permanently affordable housing and commercial spaces for communities of color and low-wealth communities that have been historically denied access to ownership. https://lnkd.in/dXrd5yVf

Innovative homes scheme to begin

Throw back Thursday - 6 years ago (seems like a lifetime ago), I was still in Melbourne Australia, looking at affordable housing partnerships in that city and comparing it with Portland, Vancouver and Toronto. I remember how optimistic I was about the National Housing Strategy (sigh). Anyhow, worth a read if you are interested in 'big tent' housing partnerships, as I am. And you are interested in the origins of Housing Assessment Resource Tools (HART) https://lnkd.in/gDMnfEF2

Last year, the City Council approved a massive and much needed Astoria, Queens rezoning dubbed Innovation QNS. 12 Buildings, spread across 5-blocks, with 2-acres of public open space including a supermarket, retail space, a community rec center, daycare center, medical offices and a movie theater but more importantly: 3,190 Housing Units...1,436 (45% of the project) units are below market rate, including 825 units at or below 50% of AMI, for extremely or very low-income households or those exiting the shelter system (this includes supportive housing units, Section 8 & CityFHEPS rental voucher units).....ALL STILL ON HOLD. Can't build this without a 421a program. As Larry Silverstein points out: “I’m now 92 years of age. I’d like to see it happen. Honestly, at this rate, I don’t think I will.....But it is a tragedy because the city needs it, and it needs it desperately.....The problem is, we have $10 million in that thing but because of no kind of 421a program, WE CAN'T BUILD IT. I don’t know how long it is going to take to get this thing going,” Silverstein repeatedly blamed “progressive leftist thinking” for the lack of 421a and other pro-housing policies. - #commonsense? #421a #housing #affordablehousing #development #nyc

Innovative homes scheme to begin

We need to consider all models to make housing affordable

This is a bit disappointing. It's one thing to be concerned about a 75-storey tower plunked down in a residential neighbourhood, but fourplexes (with detailed guidelines and setbacks) could be a real help to the housing market without a lot of disruption to neighbourhoods. https://ow.ly/nFW350PWT1W . . #realestate #rentalproperties #higherdensity

This is a bit disappointing. It's one thing to be concerned about a 75-storey tower plunked down in a residential neighbourhood, but fourplexes (with detailed guidelines and setbacks) could be a real help to the housing market without a lot of disruption to neighbourhoods. https://ow.ly/xh1c50PWT1Y . . #realestate #rentalproperties #higherdensity

Our latest report has uncovered a significant gap between social housing tenants’ desire to retrofit their homes and the ability to make those improvements. Louise Drew spoke with PBC Today & BIM Today and shared the key findings: https://lnkd.in/ezjPy6d9   Shakespeare Martineau | #SHMAlaw | #Retrofitting | #SocialHousing | #RegisteredProviders #ukhousing

🏠 Major News for Urban Development! 🌟 Los Angeles is revolutionizing affordable housing with Mayor Karen Bass' game-changing executive order made in 2022. This innovative strategy has paved the way for hundreds of 100% affordable projects to emerge, all without relying on taxpayer dollars! Over the past year, the city's planning department has received proposals for over 16,150 affordable housing units. This figure surpasses the total number of approved affordable units in Los Angeles from 2020 to 2022 combined The key factor in this change comes from private developers who, traditionally focused on luxury properties, are now diving into the affordable housing sector. This shift not only addresses the pressing need for housing but also presents a lucrative opportunity for developers. As we see this inspiring development, I wonder: What other communities will follow suit?