RKTB Architects, P.C.’s Post

Thank you NMHC President Sharon Wilson Geno for this spot-on response to President Biden's comments regarding housing policy in the US. I'd like to highlight this passage for emphasis. The election year rhetoric in the President’s speech implying that the nation’s housing providers are at fault for our housing affordability crisis is unfounded. Our current situation has been years in the making and the result of decades of failed government policy. Even the progressive Urban Institute in its recent article “Place the Blame Where It Belongs” states, “The only solution to the [housing] supply shortage is more supply. The U.S. needs coherent federal policy to produce this.” If you read the Urban Institute article that's referenced above, you would see that the two sentances that preceed this quote are even more direct as it relates to multi-family owners, operators and developers. It says: "The rise of the institutional single-family rental operator does not change the supply-demand balance. Developers who build high-end housing are not driving up home prices; they are creating additional units, which allows for filtering". Bravo

Can we recreate the spirit of 1986? Read  David A. Rowe's new op-ed in DC Journal to find out why the Senate must take action: https://lnkd.in/eugbcbPh The tax package, recently passed by the House of Representatives, includes critical provisions that would spur affordable housing development. #LIHTC #HousingCredit #affordablehousing

“Rustad…would redesign the approval process for home building…remove NDP taxes on housing…reform development cost charges…amend the Local Government Act to prevent any home killing red tape..." Practical solutions in real world of home building https://lnkd.in/gsX8fryq

“Rustad…would redesign the approval process for home building…remove NDP taxes on housing…reform development cost charges…amend the Local Government Act to prevent any home killing red tape..." Practical solutions in real world of home building https://lnkd.in/g-cGjU_S

With home prices and rents skyrocketing, the Harris-Walz campaign is making waves with a bold housing policy aimed at addressing the national shortage of 4-7 million units. Their plan includes constructing 3 million new homes within four years, bolstered by initiatives like strengthening the Low-Income Housing Tax Credit and introducing new tax incentives for developers. Take a look at the following article for more details on this exciting development and let us know your thoughts on the proposed policy. https://lnkd.in/ez5J5--X

In Middlesbrough, local leaders are stepping up efforts to address over 2,000 empty and derelict homes. Council chiefs are expanding their use of enforcement powers to target the most problematic properties, urging landlords to take action. In some cases, this could involve forcing sales or recovering £5.5 million in unpaid council tax. Additionally, the council is working with housing associations to purchase and refurbish neglected homes, bringing them back into use to help tackle the housing shortage. What's your thoughts on Middlesbrough's approach?

Mayor Adams' record-setting achievement in affordable housing reflects a deep understanding of urban challenges. His innovative strategies, which include converting office buildings, demonstrate a dynamic approach to urban development, setting an inspiring model for other cities facing similar issues. #AffordableHousingNYC #MayorAdamsInitiative #UrbanDevelopment #HousingInnovation #NYCHousingCrisis #SustainableCities #HousingForAll #UrbanPolicy #CityTransformation #CommunityBuilding

Some states are using the Qualified Allocation Plan (QAP) process to extend the period of required affordability for their Low Income Housing Tax Credit projects, as reported by Shelterforce. https://buff.ly/3MWUtrO #affordablehousing

Here is an informative news segment presenting an analysis of the nation's #affordablehousing shortage. We have huge shortages for both middle- and lower-income levels. -- Rather than additional anti-business regulatory measures (and fees and taxes and bureaucracy, etc) being piled on, action must be taken to help improve the housing construction supply chain! #LIHTC #AHCIA #TRAFWA2024 (Tax Relief for American Families and Workers Act of 2024) https://lnkd.in/gZbibpPa

The House of Representatives recently passed a $78 billion tax package, with significant implications for affordable housing projects. Key highlights include a reinstated 12.5% low-income housing tax credit ceiling and adjustments to state and local tax-exempt bond financing thresholds. This legislation aims to address housing affordability challenges and could potentially generate 200,000 additional rental units over the next two years. Despite bipartisan support, the bill awaits Senate review, with potential modifications. Overall, these developments signal a positive step towards addressing the pressing issue of housing affordability in the United States. #AffordableHousing #HousingForAll #TaxRelief #TaxCredits