Cincinnati Development Fund’s Post

The City of Toronto wants to become a public builder if it can secure federal/provincial funding to lower financing costs for development partners. Good idea, but many will be skeptical government can pull off a project of this scale given the Eglinton Crosstown mess and the Toronto Zoo cost overruns.    I spoke with Storeys Zakiya K. about why the timing is right for this kind of action — Toronto is ready for more density and developers need to get building. At the same time, the City needs leadership with a long-term vision that gets the economics. It might be worth revisiting the MURB program, or perhaps a revenue spilt with developers. Otherwise, if this housing is to remain affordable under their proposed definition, they have to acknowledge they'll be building at a massive loss given today's costs.   https://lnkd.in/ggdCX6Jr  

A super interesting article on co-living by Dan Whelan where he talks how it fits into the housing market landscape. Some really interesting points: "𝑻𝒉𝒆 𝒊𝒅𝒆𝒂 𝒐𝒇 𝒔𝒉𝒂𝒓𝒆𝒅 𝒍𝒊𝒗𝒊𝒏𝒈 𝒊𝒔 𝒏𝒐𝒕 𝒏𝒆𝒘. 𝑷𝒆𝒐𝒑𝒍𝒆 𝒉𝒂𝒗𝒆 𝒍𝒊𝒗𝒆𝒅 𝒕𝒐𝒈𝒆𝒕𝒉𝒆𝒓 𝒇𝒐𝒓 𝒐𝒗𝒆𝒓 200 𝒚𝒆𝒂𝒓𝒔, 𝒃𝒖𝒕 𝒄𝒐-𝒍𝒊𝒗𝒊𝒏𝒈 𝒊𝒔 𝒕𝒉𝒆 𝒏𝒆𝒘 𝒈𝒆𝒏𝒆𝒓𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒊𝒕." It really isn't anything new! In many societies and in some cultures, co-living is the norm. It doesn't just apply to student accomodation. "𝑪𝒐-𝒍𝒊𝒗𝒊𝒏𝒈 𝒉𝒂𝒔 𝒘𝒆𝒍𝒍𝒃𝒆𝒊𝒏𝒈 𝒃𝒆𝒏𝒆𝒇𝒊𝒕𝒔, 𝒆𝒔𝒑𝒆𝒄𝒊𝒂𝒍𝒍𝒚 𝒘𝒉𝒆𝒏 𝒊𝒕 𝒄𝒐𝒎𝒆𝒔 𝒕𝒐 𝒄𝒐𝒎𝒃𝒂𝒕𝒕𝒊𝒏𝒈 𝒍𝒐𝒏𝒆𝒍𝒊𝒏𝒆𝒔𝒔" according to Damien Sharkey At Co-Living Legends Dubai our tenants tell us this time and time again. Moving to Dubai as a single, working professional can be incredibly lonely and daunting. "𝑪𝒐𝒖𝒏𝒄𝒊𝒍𝒔 𝒅𝒐 𝒏𝒐𝒕 𝒉𝒂𝒗𝒆 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒑𝒍𝒂𝒏𝒏𝒊𝒏𝒈 𝒑𝒐𝒍𝒊𝒄𝒊𝒆𝒔 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒎𝒐𝒅𝒆𝒍." This is a challenge for many Co-living operators worldwide. I am working to change the perception of co-living in the GCC region. Bass Ackermann is a fantastic example of how co-living can be developed from the ground up. Check out HIVE Coliv Dubai.

This is a great reflection from my former Catapult colleague. As in so many areas of life, the key barrier to change is cultural rather than technical or legislative. Digitalised spatial planning tools like Blocktype can support the delivery of #housing and #infrastructure by improving the quality of public conversations about development options, improving the #productivity of planners, and ultimately delivering more agile, responsible #planning decisions. More than 100 planning authorities across the UK are now embracing #PlanTech tools and #DigitalLand with the help of other former Catapult colleagues Matt Wood-Hill, Stefan Webb and Natalie Record. It's exciting to see how pioneering work on the #FutureOfPlanning is now impacting service delivery - but as Euan says, more needs to happen if we are to achieve the new Government's ambitious housing delivery mission. At Connected Places Catapult we continue to support #digital #innovation in the #BuiltEnvironment, with projects like the Digital Twin Hub, the Climate Resilience Demonstrator, and advocacy for common #data standards through the Global BIM Network. We are actively exploring how to shape our strategy over the next five years, so if you have thoughts on what more #ConnectedPlaces Catapult could do to accelerate the development and adoption of digital planning and wider digital built environment solutions, please share your thoughts below 👇 Gavin Summerson, Rachna LEVEQUE, Justin Anderson, Chris Jones, Alex Cousins, James Cushing, Raghav R., Dr Wolfgang S.

Yes, bringing back housing targets, but don’t expect them to be waived through by local communities. Abstract housing targets lack nuance, and this scares people. Mention ‘1,000 homes’ to most people, and they’ll conjure up images of huge swathes of the countryside built over with low-density, sprawling suburbs, which would alarm most people. It doesn’t have to be like this. A housing need of 1,000 homes could mean many different things, from two super high-density 63-storey towers on less than a hectare of land, to over 30 hectares of land with detached houses and on-plot parking. How we build is just as important as how much. Instead of bandying around large abstract numbers, we need to talk about the types of neighbourhoods we want to create. The challenge is that for us to talk in more specific terms, we need to get a better understanding of them ourselves. We need to move away from abstract spreadsheets and densities and towards a more spatial understanding of development. This is why we’re making Blocktype available to Local Authorities. You can create a sketch layout in minutes for each of your sites, and even get an idea of its viability.

A marquee affordable housing property proves to be less than perfect, but still successful, and highlights the importance of a holistic approach that includes additional services and support. As the article points out, there’s only so much “a housing development on its own could do.” https://lnkd.in/d7ym58Ew #affordablehousing #affordablehousingfinance #communityimpact

The 5|5|5 Initiative We live in a time when reasonably-priced housing is becoming increasingly scarce, particularly for the middle-income segment of our population. Families, young professionals, and hardworking individuals struggle to find quality living spaces that fit their budgets, forcing them to make difficult compromises or endure lengthy commutes. Today, RSK Real Estate Partners announces an ambitious initiative to address this challenge head-on - The 5|5|5 Initiative. 5000 new middle-income residential units across 5 cities in 5 years. Our target cities – Houston, Dallas, San Antonio, Raleigh, and Jacksonville – have been carefully selected for their robust economies, growing job markets, and increasing demand for middle-income housing. We'll be delivering a diverse range of housing options, including duplexes, townhomes, and single-family homes, tailored to meet the needs of middle-income families and individuals. These builds will be in vibrant, sustainable communities for people to thrive. Our developments prioritize quality construction, stylish aesthetics, energy efficiency, and community-centric design, ensuring that residents enjoy a high standard of living without breaking the bank. The demand for this is almost limitless. We've been building out our team and partnering with vendors and capital providers that share our vision. If you are an individual or firm that is involved in development or construction, and want to do well while doing good, reach out - we'd love to chat. By combining our expertise, resources, and unwavering determination, this initiative will have a meaningful impact on filling the vacuum of reasonably-priced housing, and will leave a lasting legacy – one that provides countless families with the opportunity to call a place their own. The 5|5|5 Initiative - 5000 builds 5 cities 5 years

Developers are your PARTNERS, not the enemy! Check out our latest blog post to start unpacking the housing supply and affordability challenges many communities are experiencing. #iedc #strongtowns #icma #economicdevelopment #communitydevelopment #housinf

Five principles for cities/states serious about adding more affordable housing: 1) Do everything in your power to ensure it's CHEAPER (or at least not more costly) to build affordable housing than market-rate "luxury" housing. 2) Do everything in your power to ensure it's FASTER (or at least just as fast) to build affordable housing than market-rate "luxury" housing. 3) Give affordable housing developers the SAME playing rules (or even more favorable rules?) as market-rate luxury developers. The obsession with adding "strings attached" to affordable housing is absolutely undermining the cause in places like CA and NY. 4) Push back against the silliness of cynics who argue incentives to build affordable housing only benefit "profit-seeking" developers. Some of these voices are more passionate about punishing developers than they are about helping low-income renters. It's silly. Call them out. 5) Remember that developers have options. Too many policymakers see their cities/states in a vacuum and forget that developers will build where it makes the most sense to build. You are competing for development dollars with other cities and states. So be competitive. (Jay Parsons)

Title: Navigating the Challenges of Housing Development in San Francisco As a real estate industry expert, I've been closely following the challenges faced by developers in San Francisco. A recent article featuring Bora Ozturk, CEO of March Capital, highlights the significant hurdles developers must overcome to build housing projects in the city. San Francisco's lengthy approval processes, high construction costs, and difficulty securing capital have led developers like March Capital to explore opportunities in other cities such as Houston, Salt Lake City, Austin, and Boise. This shift in focus underscores the pressing need for a more supportive environment for housing development in San Francisco. The article mentions that San Francisco has been "red-lined" by lenders, making it challenging for developers to secure the necessary financing for their projects. Furthermore, the entitlement process can take up to seven years, compared to just two years in other cities. This significant opportunity cost is a major deterrent for developers considering projects in San Francisco. Despite these challenges, March Capital is proceeding with the conversion of the historic Lane Medical building into 24 housing units. However, this project has faced legal challenges and delays, further highlighting the difficulties developers face in the city. As industry professionals, it is crucial that we engage in discussions about how to create a more favorable environment for housing development in San Francisco. We must work together with city officials, community leaders, and other stakeholders to streamline approval processes, reduce construction costs, and improve access to capital. I believe that by addressing these challenges head-on, we can unlock the potential for more housing development in San Francisco, ultimately benefiting the community and the industry as a whole. I'd love to hear your thoughts on this topic. How can we collaborate to create a more supportive environment for housing development in San Francisco? What strategies have you seen work in other cities facing similar challenges? Let's continue this important conversation and work towards solutions that will help us meet the growing demand for housing in San Francisco and beyond. #SanFranciscoRealEstate #HousingDevelopment #IndustryCollaboration #RealEstateTrends

New blog 📢 'Building Affordable Housing in Canmore—Without Sacrificing Quality' Building affordable housing is at the top of Canmore’s to-do list. It can be challenging to keep building costs down, but with a little planning and innovation--and the right team—it can be done. Read our latest blog for five factors to consider if you’re thinking of buying, developing, or investing in affordable housing in Canmore. “ACS understood the timeline on this project and knew the subsurface conditions, because they're building homes literally next door and across the street. They’ve been great about being open about who's involved, and who's doing what. They’re also proactive—and I quite like working with people like that. These factors really helped us decide who to build with.” Kristopher Mathieu, Canmore Community Housing Corporation Read the blog article to learn more 👇 https://lnkd.in/ggZhdm6w #BowValley #Canmore #AlbertaConstruction #AffordableHousing #ABConstruction