Province West’s Post

Two affordable housing initiatives are under discussion for North San Diego County! 🌴 1️⃣Del Mar is discussing developing affordable housing on the current Del Mar Fairgrounds site. The goal is to provide at least 61 affordable housing units on one to two acres, fulfilling part of Del Mar's commitment to adding 113 affordable units to the community. 2️⃣Encinitas is also addressing its own affordable housing challenges by considering a project that would develop 15 homes and up to 30 accessory dwelling units on a Quail Gardens Drive city-owned site. This initiative represents a step towards meeting Encinitas' need for 838 lower-income units. What do you think of these two proposals? Let us know in the comments ⬇️ 📞 (760) 458-2575 🌐 SilvaRealtors.com Berkshire Hathaway HomeServices California Properties DRE #01388576

Excited to see the progress of our master planned community NorthShore, located along the St. Mary’s River in Camden County, Coastal Georgia. This 629-home community at build out includes a market-leading, resort-style amenity package including a 3,400 sqft clubhouse, boat launch, floating dock, observation deck, playground, and passive recreational/sports fields.   NorthShore is a classic Drapac investment play: we identified a prime asset in an undervalued growth market, acquired it for a fraction of the infrastructure value, and added significant value during the hold period by undertaking thoughtful and strategic initiatives to restore and improve the community.   A critical piece of our investment strategy has been to bring in multiple homebuilding partners including 1) Century Communities (NYSE: CCS), 2) Maronda Homes, and 3) Smith Family Homes. This approach has resulted in tremendous success for both the builders and overall community; builders are seeing strong absorption and price growth, and the community is appealing to a wider audience with a range of products and price points.   Camden County is experiencing significant growth due to shifting demographic factors (+8% population and +26% household income growth over the last 5 years) and the expansion of regional economic drivers, which has translated directly to increased demand and home sale prices (+64% over the last 5 years). https://lnkd.in/dKTubEn9

Yesterday we hosted our CIE Community Quarterly convening and learned a lot about the state of housing in Colorado along with the historical inequities and disparities that still impede us today. Thank you, Peter LiFari, for a wonderful presentation. Your insights and advocacy of affordable housing being something each citizen should enjoy. A couple key statements from Peter that really resonated were... 💡 “The future of housing is in the sky.“ (Based on density, environmental, social and community needs.) 💡 "Do we want MORE homeless or MORE housing?” 🤔   Housing values were a key takeaway from our discussion. Below are some things to consider: 🏠 Housing stability is national security 🏠 Housing is Civil Rights 🏠 Everyone needs a home to thrive 🏠 Housing abundance drives housing affordability 🏠 Housing is a continuum 🏠 Homebuilders are not the enemy 🏠 Filtering is real 🏠 The Market will not produce homes < 60%AMI without subsidy 🏠 Inclusionary Zoning alone will not solve your affordability challenges 🏠 Rent Control is a False Idol #inclusiveeconomy

Important to reiterate this part of his post: "An under-appreciated part of this success: the 2016 Zoning Update that made it so much easier to expand housing choices, in large part through significant reductions (or in Downtown, elimination) of parking requirements." You can either build housing for cars or housing for people. You can't efficiently or affordably accomplish both.

🏠 Preserving Affordable Housing in Utah 🏠 A recent KSL article highlights a concerning trend: Utah is at risk of losing hundreds of affordable housing units in the coming years. This potential loss underscores the urgent need for proactive measures to preserve and expand affordable housing options. Affordable housing is crucial for maintaining vibrant, diverse communities and ensuring that all residents have access to affordable housing. As we face this challenge, it's imperative for policymakers, developers, and community members to collaborate on sustainable solutions. Let's prioritize affordable housing to support the well-being of our communities and prevent displacement. Read more about the situation and what can be done: https://lnkd.in/d9X8vTfD Claudia O'Grady Steve Waldrip Francisca B. Sarah Saadian David Damschen #AffordableHousing #UtahHousingCrisis #CommunitySupport #HousingPolicy #HousingMarket #BoomerangKids #LIHTC

Tune in today (Wednesday) at noon to this important discussion of hardship and housing!

Here is the Newsday TV coverage of the Town of Hempstead's decision to scale back the Inwood and Lawrence TOD zoning. Vision's Director was quoted but only a portion of what he said was included so in essence the message is: We see the pushback to multifamily and TOD zoning due to heavy pressure from NYC and NYS interests to overrule local zoning. This pushback is not only in the Town of Hempstead but in a number of places since mandates were proposed over the last 4 years. Essentially a top down regional strategy employed over these last 4 years to push housing is not successful and we need to get back to Planning Locally which produced over 17,000 units of mostly rental housing approved in nearly 50 communities across Long Island. Before the NYS and regional mandates were proposed 4 out of 5 (80%) project hearings for TOD's had more community supporters than opponents . During and after the mandates that number is now 50%. What is needed is investment in very hyper local planning, community outreach, and real trust building. NYS can stay out of zoning but assist in other ways by getting us our fair share of infrastructure dollars, planning and subsidies for affordable housing. The good news is that even with the repeal the Town of Hempstead still has an opportunity to allow for growth project by project in Inwood and Lawrence. https://lnkd.in/eSHZUe7r

📢🏠 Spotlight on Richmond’s housing crisis: As co-director of the Wilder School RVA Eviction Lab at Virginia Commonwealth University, Dr. Ben Teresa's research reveals that our city has one of the highest eviction rates in the nation. In 2023, Richmond landlords filed 12,816 eviction cases, executing 2,849 — a 22% execution rate. The RVA Eviction Lab analyzes eviction data and advocates for tenant protections through projects like the Virginia Evictors Catalog. It provides critical insights to help shape fair housing policies and support vulnerable renters. With Richmond's long-declared housing crisis, Dr. Teresa’s data-driven approach demonstrates the need for local investment in affordable housing and stronger renter protections. Via Richmond Times-Dispatch: https://lnkd.in/epAkAkFN #Richmond #HousingCrisis #Evictions #VCU

Someone in the comments stated the Villa at Titusville is already beginning to show signs of decay and destruction. Birmingham Housing Authority just like City of Birmingham provides housing for the least likely to excel beyond government dependency to becoming productive and sustainable citizens. Both BHA and the City of Birmingham the two entities support young women with dependent children instead of citizens who are working towards earning a higher education, entrepreneurs, and middle age to older people. The Birmingham Housing Authority and the City of Birmingham place the wrong type of people in new housing, and the citizens who take pride and care of their housing and homes are displaced and put on the back of waiting lists for housing and emergency rental assistance. Therefore, the new new communities built and in the blueprint phase will in five to ten years decay and begin to look like yesterday’s government housing projects. In retrospect, what do I know about housing, placement and displacement? https://lnkd.in/eFHnjPkc

The Dallas Morning News reports that the average home in the DFW region costs 4.4 times the region's median household income. Area residents need to make more than $116,000 to buy a home, according to a June study from Harvard University’s Joint Center for Housing Studies, and the average rent for a D-FW apartment at the end of June was $1,472. These housing costs are out of reach for many, increasing the demand for affordable housing options at a breakneck pace. That’s why we remain committed to forging partnerships with private developers to construct new affordable housing and mixed income developments, such as The Oaks senior living community. This community, developed in partnership with Volunteers of America National Services (VOANS), celebrated its grand opening in November of 2023. DHA redeveloped the former Brooks Manor site in Dallas into a 260-unit, mixed-income community. If you are interested in working with us in innovative ways to add more affordable housing options to our community, connect with our Capital Programs team:  https://lnkd.in/ghTbEKZq https://lnkd.in/gvhjDQKP