A weekly digest of current trends in housing and community development. The discussion examines topics from infrastructure to community fabric.
RECAP: Last March, the Newport News Redevelopment and Housing Authority temporarily moved Oyster Point residents as it began a 13-month renovation of every unit under a pilot program by the Department of Housing and Urban Development. They had also planned out a full renovation of units at Cypress Terrace and Brighton. The program, called Rental Assistance Demonstration, gives public housing authorities the ability to do what they usually can't: use private funding sources, including equity that comes from federal low-income housing tax-credit programs, to fix up housing. The housing authority set up a portfolio of properties that it wanted to renovate, including a rough plan of how everything would be financed. HUD gave its blessing.
Creative Financing Allows Renovation at Aging Newport News Housing Projects
Affordable Housing Podcast
RECAP: The Affordable Housing Podcast, brought to you by Eden Housing of California, explores the issues and challenges being faced in affordable housing today. From the impact of the sub-prime crisis to green building, host Joanne Greene offers compelling conversation with industry insiders. Topics include regional and national trends, inclusionary housing, government funding, and the role of private developers in helping to provide workforce housing.
There Doesn’t Go the Neighborhood: Low-Income Housing Has No Impact on Nearby Home Values
RECAP: Some of the nation’s least affordable markets are also ground zero for the fight against building affordable housing – which opponents say, among other things, depreciates nearby home values. Resistance to affordable housing development has surfaced in tight housing markets across the country such as San Francisco, New York, and Seattle. Given low inventory and high prices in these tight markets, we set out to uncover how much homeowners really have to fear. Using Trulia home value data, we examined changes in nearby home values before and after a low-income housing project are completed. Based on the location of low-income housing projects and completion dates, we determined whether or not these projects impact home values.
3D Printed Homes a Perfect Fit for Dubai
RECAP: 3D printing will decrease construction costs and shorten delivery timelines. "In the future, 3D printing will allow developers to better cater to the affordable housing segment's demand; additionally, it could decrease the risk of delayed delivery. Considering the high living costs in Dubai, this type of product will make a lot of economic sense," said David Godchaux, CEO of Core Savills. "The application of 3D printing and other additive manufacturing technologies to construction opens up possibilities such as the reduction in the amount of raw materials required, allowing increasingly for 'just-in-time' manufacture and dramatically narrowing the range of trades involved in construction.