Province West’s Post

"The housing solution ‘hidden in plain sight’ that Maryland and Mississippi are embracing: When you think of a manufactured home, you might picture an outdated trailer park. That’s no longer the reality." Newer manufactured homes are designed to look more like traditional stick-built housing. They can be constructed to high standards. Though residents often had to lease land for the homes in the past—putting them at risk of rent spikes—increasingly, the homes are being built on foundations and sold with land when zoning allows. And they can be a way for communities to add small, more affordable homes that otherwise wouldn’t be economical to build. https://lnkd.in/eq4YYb-2

The latest building permits data for Virginia shows that eight out of nine Virginia metro areas saw a higher number of building permits in April 2024 compared to a year ago. Most of the MSAs saw an increase for detached single-family units. Charlottesville, Lynchburg, and Northern Virginia MSAs saw an uptick in building permits for multifamily structures with five units or more compared to April 2023. bit.ly/3yt30ie #VirginiaREALTORS

BC Builds: Is It a Real Solution for Affordable Housing or Just Another Pipe Dream? Affordable housing is the buzzword these days, and BC Builds is offering a new opportunity for developers and housing operators to jump on board. But before we dive headfirst into this seemingly promising partnership, let's take a step back and examine the fine print. Key Questions: Transparency in Funding The promise of funding and financing sounds great on paper, but how transparent will this process be? Developers should be aware of any hidden conditions that could affect profitability. Competitive Financing Rates Rates for interim construction and take-out financing are outlined, but are they truly competitive compared to market alternatives? Developers need to scrutinize these carefully. Realistic Timelines Speeding up development timelines is the goal, but how realistic are these expectations? Accelerating project timelines often leads to cutting corners, impacting quality and safety. Breaking Down the Opportunities: Elkford: 421 Boivin Rd Kamloops: 377 Tranquille Rd Kelowna: 1428 St Paul St North Cowichan: 9800 Willow St Sooke: 6671 Wadams Way Township of Langley: 20230 72B Ave, 27200 Block of Fraser Hwy, 7883 199 St #affordablehousing #bchousing #supportivehousing

🏡 Big news in the housing sector! Rayner has just announced a bold new target of 370,000 homes as part of her plan to amend the National Planning Policy Framework (NPPF). These changes aim to streamline processes and accelerate housing development across the UK, which is fantastic news for everyone in the residential construction industry, if they can even get close to this figure that's been set. What do you think about this new target? We've heard it all before. Will it be met? Share your thoughts in the comments below. ✔️ #ConstructionJobs ✔️ #Housebuilding ✔️ #UKHousing

Check out how you can build affordable housing.

#MissingMiddle. A leading national homebuilder Century Communities, Inc. (NYSE:CCS) created a separate brand identity to develop more affordable housing for young families. They are doing some GREAT things in Georgia and some other states to offer smaller, more affordable homes. https://lnkd.in/e9ezy3d7

Real Estate Investors currently in South Chicago or looking to get into South Chicago neighborhoods, will the red line expansion be a help or a hinderance? The 5.6 - mile Red Line Extension (RLE) will include four new stations near 103rd Street, 111th Street, Michigan Avenue, and 130th Street providing up to 30-minute time savings to riders traveling to and from the Loop. No doubt this will eventually increase house prices in areas such as Roseland, West Pullman and Altgeld Gardens, as well as surrounding areas. But buy during construction and this might proove challenging to get tenants or to sell or buy before it's confirmed and risk the project not going ahead. https://lnkd.in/gUrPTXcq

Very pleased to have worked with Welbeck Land Limited and Damon Turner for this site which should never ended up at an appeal. The appeal was for 46 new homes, 35% of which will be affordable. First couple of iterations of the scheme chopped off units. Key points about the site: The site was a draft allocation, an extension to an existing development. It has only taken 5 years to get consent. No statutory objections for the latest iteration. This third application was refused at committee in June 2023 despite an officers recommendation to approve and again, no statutory objections. A one day hearing took place last month and permission as attached. Astonishing really that the planning system as know it can hold up such scheme for such a significant amount of time. Lovely to work closely at the appeal with Paul Carnell and vanessa ross and others. Pleased we got the right answer in the end. #strategicland #planning #planningpermission #housingcrisis #housing #newhomes #aplacetocallhome #development #housing #strategiclandandplanning #strategicplanning #endingthehousingcrisis

Mississauga marks National Housing Day with new housing incentives and initiatives Contact me to discuss the latest scoop in real estate! #torontostagers