Northeast Projects has successfully completed the La Mora Senior Apartments in Yonkers, New York, a 60-unit affordable housing development that sets a new standard for energy efficiency and sustainable design. The project, praised by Governor Kathy Hochul and industry experts, is a testament to the possibilities of combining affordability with environmental stewardship.
Housing Partnership Network (HPN) has appointed Noel Andrés Poyo as Executive Vice President of Peer Exchange, Policy, and Programs. Poyo brings extensive experience in community development, affordable housing, and impact investing, having served in leadership roles at the U.S. Department of Treasury and the National Association for Latino Community Assets Builders (NALCAB). His expertise will be invaluable to HPN’s efforts to support its members in creating affordable and sustainable communities.
Vice President Kamala Harris has proposed legislation to ban landlords from using algorithms that critics claim are used to coordinate rent increases and create artificial price hikes. The proposed bill targets RealPage, a technology company accused of using its algorithm to inflate rents above market value, and aims to prevent large-scale investors from buying up homes. While some experts praise the effort to address the housing affordability crisis, others caution against excessive regulation that could stifle investment in new housing.
Edinburgh’s newly implemented Tourist Tax, or Visitor Levy, aims to generate revenue to address the city’s financial challenges, particularly in housing and infrastructure. While the tax is designed to be minimal, it raises questions about its impact on tourism and the housing market, reflecting a broader trend in popular tourist destinations.
The 2100 Memorial Senior-Living Community in Houston has reopened after being completely rebuilt following Hurricane Harvey’s devastation. This marks a major milestone for many seniors who were displaced by the storm and now have the opportunity to return to their homes. The new building features modern amenities, senior-friendly design, and resilience features to protect against future flooding.
Century Communities, a leading homebuilder, is now selling new homes through its Century Complete brand in Jackson, Georgia. The community, Garden Walk, offers a range of floor plans with up to five bedrooms, starting from the mid $200s. Residents enjoy small-town charm with easy access to big-city amenities.
Turnstone Development and North Arrow Development have joined forces with WNC & Associates to construct Flax Meadow Townhomes II in Highland, Illinois. This project will provide 32 affordable housing units, consisting of one-, two-, and three-bedroom apartments, with various amenities and financial assistance programs available for residents.
Amidst soaring home prices, The Estates of Texas Grand Ranch offers an affordable and strategic solution. Buy land now and build your dream home later in this nature-inspired community surrounded by protected forest land, ensuring long-term value and peace of mind.
Sage Homes, a joint venture between Blackstone and Regis Group, has sold a significant portfolio of shared ownership homes to Universities Superannuation Scheme Limited (USSL). The £405 million transaction, the largest of its kind since 1990, highlights the growing interest from institutional investors in the UK’s affordable housing market.
Vice President Kamala Harris has proposed limiting rent increases to 5% for two years for landlords with over 50 units. While this bold move aims to provide relief for renters facing affordability issues, economists warn of potential downsides like lower housing quality and reduced construction. The proposal highlights the complex challenges surrounding the housing crisis and the need for a multifaceted approach.
