The Newport Group - Executive Recruiters’ Post

Decade-Long Saga of a 49-Unit Affordable Housing Project in Los Angeles Reveals State's Crisis #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate

Interesting and insightful article, perhaps? The main point resonates deeply. However, affordable housing developers need to embrace a more comprehensive approach beyond transactional programming as well. Investing in resident services departments or forming robust partnerships with social service agencies is key. It's about recognizing that individuals in supportive housing require more than just shelter—they need healing services to sustain their housing and navigate societal norms. As we delve into the conversation around permanent supportive housing (PSH), it's crucial to underscore the importance of creating pathways for individuals to graduate out of PSH into homes that are less service-intensive. While PSH is a proven solution, it should also be a stepping stone towards empowering individuals to achieve greater independence. Successful PSH initiatives, such as the ones highlighted in the article, demonstrate the positive impact of thoughtful and responsible development. However, it's equally essential to focus on strategies that enable residents to transition into housing that meets their evolving needs, reducing the reliance on intensive support. Let's continue advocating for a holistic approach that not only provides immediate shelter and support but also fosters a journey toward self-sufficiency. Together, we can ensure that supportive housing serves as a transformative platform, guiding individuals towards long-term stability and independent living. #PermanentSupportiveHousing #AffordableHousing #CommunityDevelopment #SocialImpact #GraduatingOutOfSupportiveHousing

Watch this NBC5 story to learn how building Missing Middle homes will help ease Vermont’s housing crunch: https://lnkd.in/eq4DtrHq

ANGELENOS: THIS is good news; and as always, I appreciate the balance and thoughtfulness of decision-making that’s moving towards a 360-degree approach to CHANGE, IMPROVEMENT, and PROGRESS! Sometime treated as “underground” and “illegitimate” — yet extremely valuable to long-term community impact and transformation, are the “mom and pop” homeless housing providers (long-standing BIPOC providers) that are NOT “officially” recognized or supported by the power-structure (LAHSA, etc) because 50, 100, 300 housing units (beds) wouldn’t seem to put a dent into the gargantuan housing needs in Los Angeles.. Let’s UPDATE THE NARRATIVE, and make sure that these invaluable homeless housing providers that are not only CULTURALLY COMPETENT, COMMUNITY-CENTRIC, and COMMITTED LONG TERM don’t continue to be marganilized with “pennie grant-making”, “political placating”, and “passive bureaucratic placemaking” that continues to REWARD “corporate providers” WITHOUT true roots or connections to the VULNERABLE POPULATIONS that need to come off the streets; by continuing to polarize and isolate BIPOC Homeless Housing Providers that CANNOT SURVIVE without REAL MONEY (multi-millions) being redirected and recirculated into our most vulnerable communities for LASTING TRANSFORMATION and CHANGE! WS-3

"A Sacramento Bee analysis of more than a dozen affordable housing communities recently opened, under construction or in advanced planning stages found that it almost always costs at least $500,000 to build a single unit of affordable housing in Sacramento. More recently, that price tag has frequently eclipsed $650,000 on substantial projects. In contrast, developers of market rate housing told The Bee they are often able to build projects in Sacramento for around $300,000 per unit. Those developers typically do not receive direct financial subsidies from the public and face far fewer regulatory and financial obstacles." #housing #sacramento #housingcrisis #residentialdevelopment #affordablehousing https://lnkd.in/g9uP-2-g

Great to read Tia Boatman Patterson, Esq. at California Community Reinvestment Corporation perspective on a housing crisis in CA and how to address the "missing middle" and middle-income housing access with widening gap of available units #missingmiddle #housingcrisis #affordablehousing #attainablehousing -

This article highlights ICCF's land trust model: "Many #Michigan communities are looking internally for unique solutions to the staggering #housing shortage problem — a housing gap with nearly 35,000 units needed by 2027. One of these unique solutions lies in the idea of the community #landtrust." https://lnkd.in/gCwisVfP

This is an excellent article. Interesting to think about alongside the fact that construction is one of a few industries that has seen declines in productivity over the last few decades. At least one facet of that problem is the public contract model. It has gotten so complex that both builders and agencies are forced to spend onerous amounts of time trying to follow and interpret procedures that are mainly bureaucratic in nature and not meaningfully related to completing the project. Ironically, it is likely that those procedures increase project risk (at least to the schedule) rather than reduce it.

As Shared Ownership specialists, it's fair to say that affordable housing is a topic close to our hearts. We agree that afforable homes can work harder for everyone. And if done right, they can be a win-win for everyone. A very worthwhile read: https://lnkd.in/eYJCA7Sm #afforablehousing #sharedownership #sharedownershipspecialists

This is a very good read from Ms Boatman. But readers should not confuse "middle income" housing with "missing middle" housing. The former is about incomes served while the latter is about housing product type/design. The two issues are linked. However, a discussion of middle-income housing (which she defines as households up to140% AMI) somewhat obscures the underlying problem of housing undersupply. Her comments validate three points I often make about how we do affordable housing and why its not working. 1. Nationwide, our financing approach is essentially taxpayer funded grants of equity to developers that does not recycle nor result in public ownership 2. We finance single family homes and multifamily apartments, but very little of the housing product in between (Missing Middle) much of which we have made regulatorily infeasible to develop 3. We are income exclusive in approach (we income target housing development to 80% AMI and below) rather than an income inclusive, housing for all approach (middle income up to 140% AMI) There is not enough housing product of the appropriate design for middle-income earners. Irrespective of how you tinker with LIHTC, that tool only finances multifamily apartment housing product. You cannot build anything else with it. We need missing middle housing to provide the range of housing product types (duplexes, fourplexes, townhomes, live/work, courtyards) that is both attractive to modern day households and is affordable. It is pervasive housing undersupply that is the core issue for middle-income families. We do not have a demand issue, we have a supply issue.