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The Frederick at Courthouse, a multifamily development and headquarters for nonprofit developer AHC Inc.
News

AHC To Hand Over Management Of 35 Properties, Citing 'Pandemic Challenges,' Labor Shortage

... and upheaval in its C-suite, nonprofit affordable housing developer AHC Inc. announced Tuesday it would hand ... itself announced it would be investing $2B toward affordable housing across areas where it housed significant operations, including Northern ...

Dec 07, 2021
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Harley Ellis Devereaux Principal Daniel Gehman, Avanath CEO Daryl Carter, Key Bank SVP Matthew Haas, Langdon Park Capital CEO Malcom Johnson and Highridge CEO Michael Costa at Bisnow's BMAC West event in November 2021
News

Developers Scrambling To Fill California's Desperate Need For Housing

... of institution, private groups, family offices … there’s no shortage of buyers.” Costa pointed to Gov. Gavin Newsom’s $100B ... in September and includes $22B for affordable and homeless housing solutions, as an unprecedented sign of government support to ...

Nov 03, 2021
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Single-family developments in Ashburn
News

Wealthy Loudoun Needs Denser, Cheaper Housing As Market Pressure Builds

... on the panel for creating more space for customers. "Without housing, retail cannot survive, because we need bodies," Bourgeois said. ... "Seeing this attainable housing in particular come into Loudoun County is just going to ...

Oct 12, 2021
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Affordable Housing Assets Are Less Affordable As The Market Surges
News

Affordable Housing Assets Are Less Affordable As The Market Surges

... Managing Director for Affordable Housing Arthanais Williams told NAREIT in August.  The nation has a shortage of 6.8 ... Finigan, senior acquisitions manager at the Preservation of Affordable Housing. Inflation is also going to hurt multifamily developers ...

Nov 09, 2021
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If You’re Going to San Francisco … Be Sure To Check Out Bisnow’s Multifamily Housing Event On Nov. 4
News

If You’re Going to San Francisco … Be Sure To Check Out Bisnow’s Multifamily Housing Event On Nov. 4

... the region continues to grapple with a continuing shortage of affordable housing as one of the most expensive metro areas ... CEO of Strategic Urban Development Alliance. Candice Gonzalez, chief housing officer and managing director of Sand Hill Property. Cory ...

Sep 14, 2021
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midtown
News

N.Y. Senate Advances Bill To Help Fund Conversions Of Distressed Offices And Hotels To Affordable Housing

... use is not currently permitted under applicable zoning and housing codes," Kramer Levin Land Use partner Elise Wagner ... properties into mixed-income housing developments by private developers." Prolonged closures and a shortage of tourists have meant ...

Jun 10, 2021
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Grosvenor CEO On S.F.'s Path To Overcoming Labor Shortage, NIMBYism
News

Grosvenor CEO On S.F.'s Path To Overcoming Labor Shortage, NIMBYism

... supply." While also a national issue, the construction labor shortage is at a critical level in the Bay Area, as ... instance, Seattle, which has decisively outdone S.F. in housing production during this cycle, has also incentivized developers and landlords ...

Oct 16, 2019
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The U.S. Desperately Needs More Affordable Housing. What’s Standing In Its Way?
News

The U.S. Desperately Needs More Affordable Housing. What’s Standing In Its Way?

... fill the shortage in the capital stack needed to build and convert existing assets into affordable housing.  Finally, ... support projects that renovate the existing affordable and workforce housing stock while keeping it affordable.  Too often, developers ...

Oct 19, 2020
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Big City Restaurants Offering Yoga, Child Care To Lure Housing-Squeezed Workers
News

Big City Restaurants Offering Yoga, Child Care To Lure Housing-Squeezed Workers

... restaurant operators in the city go well beyond a labor shortage, including burdens like high rents and often inhospitable street ... consumer preference than a labor shortage, but that the latter factor looms as a result of the housing crisis. “A lot of ...

Mar 04, 2020
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Affordable Housing In Houston Is Growing, But Developers And City Officials Still Face Challenges
News

Affordable Housing In Houston Is Growing, But Developers And City Officials Still Face Challenges

... an affordable housing crisis. The city ranks fifth in the nation and first in Texas for having the most severe shortage. There ... are only 19 affordable housing units for every 100 households in need ...

Sep 17, 2020
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