Richard Ross’ Post

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

Struggling to afford your dream home? You're not alone. This blog dives into the challenges of affordable housing and explores 6 practical solutions to make "Home for All" a reality. Discover: Innovative ideas to address the housing crisis The power of community-driven solutions How YOU can make a difference Read more below and share to rewrite the narrative and build a future where everyone has a place to call home. https://lnkd.in/gzPqSWaS #affordablehousing #community #solutions #homeforall P.S. Explore Tricolour Properties' work on affordable housing solutions and share this blog with your friends and family!

Development for homeless housing is poised to become the next big Real Estate boom. Cities nationwide are urgently seeking solutions to the homeless crisis amid a significant influx of individuals from various parts of the world, with nearly every major city facing a state of emergency. This pressing issue presents not only a crisis but also an opportunity. With the current strategies falling short, LA Times revealed that LA County disbursed $850,000 for a structure that resembled a shed, raising questions of inefficiency and potential corruption in the system. Reports from LA Times indicate that the cost of low-income housing has surpassed $1 million per unit, hinting at underlying issues. The silver lining lies in repurposing existing buildings to address this critical need. The GPG team is actively exploring innovative ways to transform Zombie Malls, commercial spaces, and various asset classes to provide housing solutions. Reach out and lets get to work! Learn more about how NYC secures state funding to construct 20 unconventional apartments amidst the housing crisis: [Link to Article](https://lnkd.in/gQwZHFQ2)

Looking for affordable housing resources? 🏡 Check out our latest blog for six resources to help navigate affordable housing options. From rental assistance to down payment programs, we've got you covered. #AffordableHousing #BankingForGood

More good news for affordable living! Raleigh Housing Authority has helped to provide additional critical affordable housing units in the Raleigh area through bond financing. RHA recently closed on a $28 million bond transaction for New Bern Crossings, a 192-unit low-income, multi-family rental housing development in Southeast Raleigh. Plans call for 70 one-bedroom units, 82 two-bedroom units and 40 three-bedroom units. The new apartments will be located right off the City of Raleigh’s Wake BRT route, providing residents with access to convenient public transportation and resources. The project targets individuals and families with incomes ranging from 30% to 60% Area Median Income (AMI), helping those who may be at risk of experiencing homelessness to afford quality housing. Construction is expected to begin next week and move-ins will start in late 2025. Greystone Affordable Development Haven Design|Build & Harmony Housing Affordable Development   Key Partners: LIHTC Allocating Agency: NCHFA (North Carolina Housing Finance Agency) Bond Issuer: Raleigh Housing Authority Senior Lender: Regions Bank Subordinate Lender: Wake County Affordable Housing Development Program Subordinate Lender: City of Raleigh Municipal Government Community Rental Development Program Additional Partners: Families Together - a PLM Organization. #affordablehousing

Housing is a national conversation, but everyone knows real estate is local. Different states and municipalities have different rules and regulations when it comes to building codes and such. Certain cities have prioritized building, while others have made it exceedingly difficult over the years by adding burdensome layers of red tape. Luckily, we have evidence that building more housing makes it more affordable. More housing, slower rent growth and decreased homelessness — win, win, win.

🏙️ Struggling to find affordable housing in NYC? Check out our latest blog post for three essential tips to navigate the NYC housing market and secure your dream home. #AffordableHousing #NYC #HousingTips 🏠✨ https://lnkd.in/eRdU9T8S

Pg 11 in today's Herald Sun 🗞 The state’s public housing register is grappling with a more than 100-home reduction in the space of a year during the “worst housing crisis in living memory”. In the 2022-23 financial year, Homes Victoria had acquired 854 private properties to be used as part of their head leasing program, but from July 1, 2023 to April 2024, that number dropped to 747. Homes Victoria leases private properties, otherwise known as “head leasing”, to assist in relocating renters during redevelopment programs, provide short-term transitional housing and supplement public housing. Read more ✍ https://lnkd.in/gTAaPRJW #realestate #property #socialhousing #publichousing #Victoria Jacob Caine Sarah Toohey Maiy Azize Deborah Di Natale

With 3.8 million housing units needed, the housing affordability crisis continues to grow. Collaboration is essential, driving the preservation and creation of affordable housing. #AffordableHousing #InnovativeFinancing #CommunityDevelopment"

"Our first-of-its-kind rent-to-own affordable housing program, developed with our member Cascadia Green Development, was featured in the The Vancouver Sun this weekend.   Mike Schilling, Community Savings CEO, said in the piece: “This one program — our one credit union, one developer, one city — is not going to solve the issue of housing affordability. But what we can do is we can demonstrate that this is a program that works for everybody. And we can challenge other lenders, other cities and other developers to follow suit." #socialpurpose #housingaffordability https://lnkd.in/gAe_sWDt.