Category Archives: Housing

Housing Charlotte Framework

The Housing Charlotte Framework was approved by the City Council on August 27th. A copy of the Framework can be found here.

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Market-Rate Affordable Apartment Bus Tour

To help raise greater awareness and understanding of this issue, the Greater Charlotte Apartment Association is organizing a tour of market-rate affordable apartment communities (such as the one shown above) to be held on the afternoon of October 10th. There, the GCAA will educate our membership, elected officials, housing advocates, and the media in addressing the question: “What does $800-$900 a month for a 2BR apartment get you in Charlotte these days?” Many observers know about new apartment developments, communities going through rehabilitation, and ones with public subsidy components – … Read More

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Exploring Three Models for More Affordable Homes in U.S. Cities

Changes to design, construction, and zoning policies could increase the supply of affordably priced housing, said panelists at an event hosted by the Harvard Joint Center for Housing Studies (JCHS). “It is the cost of the construction, the cost of land, and the cost of regulation that we have to address,” said Chris Herbert, managing director of the JCHS. The cost of housing has grown more quickly than the incomes of many who need a place to live, especially renters. “Renter cost burdens have doubled since 1960, with a substantial … Read More

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ULI Forecast Calls for Positive Outlook through 2018, Slowing in 2019

The latest ULI Real Estate Economic Forecast is taking a more bullish view on the U.S. economy—at least for the remainder of this year. As compared with the fall survey, key indicators such as gross domestic product (GDP) growth, jobs, and the Consumer Property Price Index (CPPI) all trended higher. But that boost may be short lived with growth tapering in 2019 and 2020. “The outlook for the U.S. going into 2018 and probably into 2019 is extremely strong. There is quite a lot of geopolitical noise, but I don’t expect that … Read More

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Envisioning Walkable, Denser Suburbs with Reduced Parking Needs

A panel of experts speaking at a ULI Washington event said that thriving suburbs will continue to become more walkable and dense where appropriate, with fewer big-box stores surrounded by parking lots. Larry Hentz is a business development specialist with the Prince George’s County Economic Development Corporation (EDC). He noted that the county has selected five areas around five Metro stops in the county to densify—a plan that has been in the works for years but one which seems to finally be moving forward. Hentz added that he is hoping to see more … Read More

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Outlook for U.S. Growth Has Improved over Last Six Months; Industrial to Outperform

Real estate economists boosted their outlook for economic growth in March’s ULI semi-annual survey, compared with the survey of six months ago. The passage of the Tax Cuts and Jobs Act in December 2017 may have positively affected their forecast; this same group had shown a tempering of their expectations in the previous survey. The expectation for stronger economic growth is accompanied by the potential for higher inflation and interest rates. The higher rates, however, are not projected to be detrimental to real estate returns: Forecasts for industrial returns are … Read More

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What Detroit Tells Us about Conventional Financing and Economics of Revitalization

The continuing revitalization of downtown Detroit is an international story. It is hard to believe that the General Motors bankruptcy was less than a decade ago and the city’s bankruptcy was less than five years ago. The region that once served as a prime example of a Rust Belt manufacturing economy subject to heights of the late-2000s recession is now in the midst of an urban renaissance that has not only transformed the Motor City’s skyline, but also completely changed the way people think about Detroit. The city is now … Read More

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Six Complex Projects Reshaping the Skylines of the Carolinas

“Real estate development is a high-stakes gamble,” said Michael Maher of the WestEdge Foundation. Maher and his company have spent the last 15 years planning for and working on a large and complicated project in Charleston, South Carolina. Maher joned five other developers in discussing their current projects at the ULI Carolinas Meeting in Greenville, South Carolina. Besides Maher, the panelists were Tom Finnegan, co-owner of Spartanburg LLC; Jessica Brock, managing director, Longfellow Real Estate Partners; Tommy Mann, development director of ATCO; Kenneth Bowers, deputy planning director, city of Raleigh, … Read More

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RECAP:  Assembling a Toolbox for Affordable Housing

On October 10, 2017, ULI Charlotte gathered a panel to discuss practical tools for Affordable Housing.  Moderated by Dionne Nelson of Laurel Street Residential with panelists David Steinwedell of Affordable Central Texas, Chris Kizzie of Enterprise Partners, and Dick Taft of Rocky Mountain Communities.  Below are several take-aways shared by attendees: We need bold local leadership, both public and private, to champion affordable/workforce housing policies and strategies in Charlotte, realizing there are political limitations in North Carolina.  Denver and Austin had that leadership. ULI and its members can play a … Read More

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Trends in Real Estate

Presenting the annual real estate trends and forecast meeting, featuring insights from leading experts both nationally and locally. The event will again feature a presentation on the Emerging Trends in Real Estate 2018 report – a publication from PwC and ULI – as well as a session on the outlook for Charlotte area real estate, including a panel of local experts. Emerging Trends in Real Estate is a trends and forecast publication with a 38-year history, and is the most highly-regarded and widely-read forecast report in the real estate industry. Emerging Trends in Real … Read More

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