Tags: Residential

Bay Area’s Housing Crisis Could Chase Facebook, Others Away

Bay Area’s Housing Crisis Could Chase Facebook, Others Away

High housing costs in Silicon Valley have at least one major tech company threatening to move elsewhere. Facebook Vice President of Communications and Policy Officer Elliot Schrage told investors during the company’s annual shareholders meeting that Bay Area housing costs need to be addressed if tech firms, such as Facebook, want to remain in Silicon Valley, Realty… READ MORE

City Hall promises to scale back price of affordable housing

City Hall promises to scale back price of affordable housing

“We cannot provide affordable homes for our families if we cannot afford to build these homes to begin with,” says mayor Soon to be outgoing Mayor of San Francisco Mark Farrell announced ambitions this week to combat the rising cost of affordable housing construction in San Francisco. Via a Tuesday press release, the mayor’s office… READ MORE

Faith Organizations Partner with Private Developers to Build Affordable Housing

Faith Organizations Partner with Private Developers to Build Affordable Housing

Increasingly, faith-based institutions are partnering with private developers to develop vacant or underutilized parcels—more specifically, to help bridge the affordable housing divide. Since the 1970s, St. John’s Global Ministries of the Kingdom, a 93-year-old Baptist church in Queens, has sought to build a new church and develop an unused lot. Now, with the help of the… READ MORE

3D-Printed Buildings — A Fad Or A Viable Cost-Saving Solution For Developers?

3D-Printed Buildings — A Fad Or A Viable Cost-Saving Solution For Developers?

In the past decade, the ability to 3D-print buildings has become one of the latest, though still controversial, technological advancements in the construction industry. In the past decade, the ability to 3D-print buildings has become one of the latest, though still controversial, technological advancements in the construction industry. Developers across the globe are experimenting with the cutting-edge technology, using massive 3D… READ MORE

Congress Helps Affordable Housing Developers

Congress Helps Affordable Housing Developers

The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program. Affordable housing developers got a nice surprise when Congress passed its federal budget for 2019, which became law in March 2018. “The recently enacted omnibus contains some welcome increases that will help affordable housing production,” says Scott Hoekman,… READ MORE

Modular Construction Going Mainstream?

Modular Construction Going Mainstream?

Multifamily developers may finally be about to embrace modular construction. “Something of a perfect storm may be forming that changes the equation for modular construction,” says Rick Haughey, vice president of industry technology initiatives for the National Multifamily Housing Council (NMHC). For years, modular construction has only been used to build a fraction of the… READ MORE

Developers Break Ground On Long-Awaited Affordable Housing Project Near Fruitvale BART

Developers Break Ground On Long-Awaited Affordable Housing Project Near Fruitvale BART

Construction is underway for an affordable housing project over a decade in the making near the Fruitvale Bay Area Rapid Transit station in Oakland. Developers Unity Council and the East Bay Asian Local Development Corp. will build a 94-unit affordable housing complex on a BART surface parking lot, the San Francisco Chronicle reports. Casa Arabella… READ MORE

Giants’ Development Slated for Approval sans Anchor

Giants’ Development Slated for Approval sans Anchor

San Francisco Giants move forward with massive redevelopment of AT&T Park In the works for over a decade, the official development agreement and approvals necessary for the San Francisco Giants to move forward with their massive (yes, massive) redevelopment of A&T Park’s Parking Lot A into “Mission Rock,” the plans for which include over 1.4… READ MORE

Housing: Mountain View hopes more residents will jump on the granny flat bandwagon

Housing: Mountain View hopes more residents will jump on the granny flat bandwagon

With house prices and rents continuing to soar, and thousands of new homes not expected to be built for years, Mountain View is trying to make it easier for residents to build granny flats. As a panelist for a Jan. 12 workshop titled “Backyard Rental Units as a Means to Address the Housing Shortage” in… READ MORE

How Major Real Estate Developers Are Experimenting With Co-Living

How Major Real Estate Developers Are Experimenting With Co-Living

In the last decade, coworking has proven itself to be more than just a trend. It has dramatically changed the way many of us work today and reframed notions of how an office should look. And then came co-living. Co-living, a style of shared urban residence, typically involves furnished apartments with communal kitchens and common… READ MORE