Deadly South African building fire blamed on lack of affordable housing https://t.co/ohsVKiOfMF ...

RT Darth Powell (@VladTheInflator)The world needs to know why young hard working people can't afford homes https://t.co/va7CKzKIS0 ...

海南省住房和城乡建设厅发布进一步优化调整有关调控政策的通知，其中提到，结合本地区实际需求，稳妥有序推进收购存量商品房用作保障性住房、城中村和危旧房改造安置房。收购存量商品房用作保障性租赁住房的，可适当放宽收购面积标准。对商品住房去化期高的市县，鼓励优先采用“以购代建”方式安置。 ...

From increased possibilities for an interest rate cut to the best areas for affordable housing, here is some news that could impact your wallet this week, and how you can prepare your finances for the week ahead. https://t.co/0MltOGWnWU ...

Investment Strategy & Performance - Infrastructure asset class achieved double-digit returns this year [1] - A $5 billion secondary sale in the private equity portfolio recognized some losses but strengthens future returns [2] - Public equities have driven strong returns in the last three years, so a dramatic change isn't expected [5] - Over five, seven, or ten years, private markets have shown strong performance [6] Pension Fund Allocation - New York raised the limit for public pensions in alternatives from 25% to 35%, currently below 30% [3] - The city's pension and benefits account for as much as $21 billion of the budget [11] - 103% returns, beating the 7% benchmark, will save $22 billion that can be reinvested into the budget [11] New York City Budget & Efficiency - New York City's budget is around $115 billion with 327,000 employees [7] - The city paid out over $2 billion in claims last year [8] - Congestion pricing is ahead of schedule, delivering $15 billion for transit enhancements [12] Policy & Future Plans - There will be challenges with cuts coming from the federal budget [9] - Universal child care for every two and three-year-old will require raising revenue in Albany [20][21]

Core Insights - The Golden Gate Village housing development in Marin County has secured funding for renovations, marking the start of a revitalization project scheduled for early 2026 [4][5][10] Funding and Project Details - The project has received tax credits and bonds from the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee, enabling the commencement of phase 1 of the revitalization [4][6] - Phase 1 will focus on upgrading kitchens and bathrooms in the historic mid-century low-rise buildings, improving safety, energy efficiency, and adding new outdoor spaces [6][7] Community Involvement and Impact - The revitalization project reflects years of collaboration among the Marin Housing Authority, residents, and Burbank Housing, emphasizing community input and engagement [7][10] - Residents have expressed their hopes for the community, and the project aims to ensure modern, comfortable apartments for current residents while preserving the community's history [5][8][9] Historical Significance - Golden Gate Village, designed by Frank Lloyd Wright protégé Aaron Green and built in 1961, is a historic site that provides homes for nearly 300 low-income families and is listed on the National Register of Historic Places [3][9][11]

Core Viewpoint - Freddie Mac expands its CHOICEHome financing options to include modern single-section factory-built homes, aiming to increase the availability of affordable housing and provide innovative financing solutions for lenders [1][2][3]. Group 1: Financing Expansion - The CHOICEHome mortgages will now cover modern factory-built single-section homes, effective August 6, 2025, encouraging more buyers and builders to consider these homes [2][3]. - The mean price of the newly accepted single-section home is approximately $200,000, while traditional single-family site-built homes average over $500,000, highlighting the affordability of the new financing option [3]. Group 2: Industry Impact - Freddie Mac's initiative is expected to enhance affordable homeownership and increase the housing supply, particularly benefiting first-time homebuyers [3][4]. - The inclusion of single-section homes in the CHOICEHome program is celebrated by industry leaders, indicating a collective effort to provide attainable and energy-efficient homeownership [3][4]. Group 3: Construction Standards - CHOICEHome financed manufactured homes must meet specific construction standards, including features like permanent foundations and energy-efficient designs, facilitating integration with existing neighborhoods [5].

Market Overview & Challenges - The affordable housing crisis is worsening in both for-sale and rental markets [1] - Real estate faces challenges from higher interest rates, construction costs, and building department requirements [2] - There's a shortage of approximately 10 million units of affordable housing in the United States [4] Low Income Housing Tax Credit (LIHTC) - The Low Income Housing Tax Credit (LIHTC) has been dramatically expanded, serving as a primary tool for building and renovating affordable housing [3] - The expansion of LIHTC has received bipartisan support for about a decade [3] Development & Investment Strategies - Developers are committed to building well-designed, green buildings to overcome community opposition to affordable housing [7] - Green building initiatives aim for a five-year payback or better, equating to a 20% return on investment [14][15] - Existing affordable housing investment funds offer a way for investors to participate, though the market is complex and highly regulated [17][18] Rental Market Dynamics - Rent affordability is defined as costing no more than 30% of someone's income for those earning less than 60% (or sometimes 80%) of an area median income [9] - Affordable rents can range from $800-$1200 per month for a studio, $1500-$1800 for a one-bedroom, and around $2200 for a two-bedroom, varying by location [10] - There's a growing interest in renting due to the difficulty of homeownership and the recognition that renting can be more cost-effective [25][26] New York City Market - New York City has a pipeline of about 300 affordable housing projects ready to go, needing subsidies and support [29] - There is a need to expand resources for affordable housing preservation in New York, focusing on renovating older projects [30][31] Investment Returns - Investment funds offer investors a 9-12% IRR net on their investments over a 10-year hold, potentially doubling their investment [32]

Group 1 - Safehold Inc. has closed a ground lease for an Affordable Housing community in Mission Valley, San Diego, which will provide 227 units by 2028 [1][2] - The project is part of Safehold's strategy to invest in the Low-Income Housing Tax Credit (LIHTC) sector, which is seen as a crucial area for delivering affordable housing [2] - To date, Safehold has closed on eight ground leases for LIHTC developments in California, totaling over 1,600 units [2] Group 2 - Safehold Inc. is a leader in the modern ground lease industry, having created it in 2017, and aims to enhance real estate ownership by unlocking land value [3] - The company operates as a real estate investment trust (REIT) and focuses on providing safe, growing income and long-term capital appreciation to shareholders [3]

The problem is, and I I think that's true of this election in New York. We call it an affordability election. It was a housing election.I think it's true of our election. Donald Trump was elected because we had an inflation problem. That was a housing problem. Our inflation problem was a housing problem the last few years.And so, this is a problem that is driving elections. I would even argue it's the number one issue, housing affordability in America. And then you take Manhattan.There's no solution to affo ...