Trey Feraco’s Post

🔔 Introducing The Ledger: June 2024 Edition 📢 As we move through 2024, the momentum behind affordable housing initiatives in Florida continues to grow, driven by the transformative Live Local Act (LLA). Leverage Live Local is excited to share the first edition of The Ledger- sharing with you the latest stories and insights we’ve put together on how LLA is reshaping the housing landscape for Florida’s workforce. 🌟 Featured Highlights This Month 🌟: 🏢 Laguna Gardens in Miami: Discover how this groundbreaking 37-story project is set to offer over 3,200 affordable residences, powered by LLA’s funding and strategic planning. 🏗️ Allora in Largo: Learn about Largo’s first workforce housing project, a collaborative effort by Belleair Development Group and Trammell Crow Residential. This initiative aims to address local housing challenges with a significant portion of units dedicated to workforce housing. 📜 Miami’s Updated LLA Guidelines: Miami leads the way with new local guidelines for LLA, providing clarity and incentives for developers. These guidelines could be a model for other Florida municipalities. 🏙️ Wynwood’s LLA Tower Challenges: Explore the community dynamics and opposition faced by the proposed 48-story LLA tower in Wynwood. The debate highlights the complexities of integrating new developments into existing neighborhoods. ⚖️ Legislative Updates: Recent enhancements to the LLA through SB 328 introduce new provisions to support mixed-income housing and offer flexibility for transit-oriented projects. 🌐 Read the Full June Edition of The Ledger on our website: https://lnkd.in/d_w_s-VT #AffordableHousing #LiveLocalAct #FloridaHousing #CommunityDevelopment #UrbanPlanning #HousingInitiatives #TheLedger #LeverageLiveLocal

Incorporating cohousing into residential or mixed-use developments offers significant advantages. This innovative model attracts a diverse range of buyers, enhances planning flexibility, and fosters a strong sense of community. In this article cohousing can differentiate development projects and anchor vibrant, engaged neighborhoods. https://lnkd.in/g7emKXgt #RealEstate #Cohousing #CommunityBuilding #SustainableLiving #UrbanPlanning #DevelopmentInnovation

Tackling housing affordability is a complex challenge that demands a comprehensive strategy. The issue is multifaceted: Factors such as- Inefficient zoning High cost of land Expensive permitting High building costs Increased interest rates and, Excessive regulatory burdens are all contributing to the problem. The City of San Diego has notably enhanced its efforts in addressing these issues and is now being acknowledged and rewarded for its progress. The City's approach emphasizes a holistic solution to the housing crisis, recognizing the importance of addressing various underlying causes. Their recent recognition reflects the positive impact of their initiatives on increasing affordability and accessibility for residents. Do you support the idea of integrating higher density in Single Family Neighborhoods as a means to improve housing affordability? Did I miss anything in my list? Share your thoughts on this approach and learn more about San Diego's efforts in the link below. [Link to San Diego's recognition for housing affordability efforts](https://lnkd.in/gHfCjnNx) John Laine Bill Davidson Sanjeet Pandit

Debate is growing in Vancouver’s Point Grey neighbourhood as a proposed high-density development sparks conversation about increasing affordable housing supply and adding child care, reported the Burnaby Now. "The site, located near the corner of 10th Avenue West and Tolmie Street, was home to a Safeway grocery store up until 2018. The lot has been used as a community garden for the last six years. Christina DeMarco, an urban planning instructor at Simon Fraser University speaking on behalf of the Friends of Point Grey Village neighbourhood association, said that residents have been waiting a long time for a new development on that lot." “This really important site could help the village. The main community focus is how can such a large, important site really enhance the village and the prosperity of businesses? We're very much for housing and especially affordable housing and, of course, we're delighted the grocery store will be replaced,” she said. “But we're finding a lot of deficiencies in the proposed development.” "One deficiency, according to DeMarco, is that the proposed development has higher density than what is mandated for areas with similar zoning, such as Fourth Avenue West, in the city’s Broadway Plan. The plan outlines development goals along the Broadway thoroughfare. On the other side of the debate is the Vancouver Area Neighbours Association, which supports the development." https://lnkd.in/gx4CdeCS #vancouver #development #mixeduse

In Austin, we are celebrating! On May 17th, Austin passed 3 pieces of legislation unlocking new home potentials: 1. Reduced residential compatibility from 540' to 75'. This alone unlocks approximately 80,000 housing units in commercial projects that could not be built previously. 2. Passed ETOD overlay - allowing up to 120' in height for commercial housing along phase 1 of our light rail, Project Connect. 3. Reduced the minimum lot size from 5,750sf to 1,800sf. (First reduction to minimum lot size in 80 years!) Despite market woes, 2024 is off to a strong start for removing housing barriers! Building makers: if you have down time between projects, please reach out to your local representatives to assist in policy reform. While the math is not mathing, we can clean up building regs so that when market fundamentals align, the code functions better to build good projects.

As our cities continue to grow, so do the housing options that come with urban expansion. Stacked townhouses are becoming an increasingly popular solution, but with that comes a lot of discussion about their impact on existing neighbourhoods . This article highlights some of the concerns London, Ontario residents have around density, infrastructure, and preserving community character. Balancing the need for more housing with the desire to maintain a community's essence is a complex challenge—but it’s one worth exploring as we look for sustainable ways to address housing shortages. What are your thoughts on stacked townhouses? Could they be the solution to our housing issues, or do they bring more challenges than benefits? https://buff.ly/47DOl1t

💡 “Putting affordable housing in high-resource zip codes has got to be a priority for developers across the country” - Donahue Peebles, III. As stated in a recent article by The Triangle Tribune Newspaper, Legacy Real Estate Development LLC, in partnership with F7 International Development led by James Montague and The Peebles Corporation, is spearheading a significant mixed-use project in Durham, North Carolina. The development will include 380 residential units, 92 of which are designated as affordable housing. These affordable units are designed to serve residents earning 30% and 60% of AMI, ensuring that more Durham residents have access to quality housing. More than 150,000 square feet of commercial and lab space, and 5,000 square feet of incubator space will be included as well. This collaboration emphasizes a commitment to community revitalization, while also advancing opportunities for minority- and women-owned businesses. The transformation of Durham’s old police headquarters focuses on both economic and cultural sustainability. This partnership is a step toward a more inclusive and equitable future for the Triangle. We are excited to see this transformative project come to life and to continue our mission of building strong, sustainable communities! #affordablehousing #realestate #sustainability #communitydevelopment https://lnkd.in/eXEyz_rw

In times where affordable #housing seems far less achievable, a transformative trend is winning attention. Integrating affordable residential development with community-centric amenities can help redefine the housing playbook. These projects address #housing needs and reshape the narrative by showcasing how housing can be a hub for social connections and collaboration. Backed by innovative designs and supported by federal subsidies, they create new pathways for affordable #housing and enhance multifunctional spaces, demonstrating that challenges can be overcome even under difficult economic conditions. Embrace change with Global Urban Strategies, Inc, and let us be part of the journey to transform your community. City of Azusa California Department of Housing & Community Development BELL GARDENS, CITY OF City of Huntington Park City of Los Angeles #HousingInnovation #CommunityBuilding #AffordableLivingRevolution #CommunityDrivenHousing

The most important aspect of any real estate development is reducing time until a project is done. As CalMatters profiles here, the 1, 2 punch of time restricting Los Angeles City Planning responses + incentives around “density bonuses” is quite successful in achieving more plans for affordable housing than ever before (~ 16,150 in the past year alone). Planning departments, developers, and communities must all work together to provide high quality affordable housing for all. Glad to see City of Los Angeles taking progressive steps to this end https://lnkd.in/g5pXZYJe #housingforall #affordablehousing #planning #realestatedevelopment #density

Modernized affordable housing is crucial to ensuring vibrant diversified communities. This article in Metropolis Magazine by Sam Lubell captures the importance of the redevelopment of Jordan Downs in Watts.