It's a complicated issue, and we do complicated issues on is show. Joining me now is a guest with 25 years of experience in housing policy. Jenny Schutz is the vice president of Infrastructure for Housing at Arnold Ventures, where she oversees efforts to identify and enact policies that can successfully expand housing supply and make it easier to build more and different types of housing.She also served as the principal economist for the Board of Governors of the Federal Reserve System. She's the author of ...

an economy that is increasingly not working for working Americans in a country that is run by a real estate developer who's populated his cabinet with billionaires. I want to zoom in specifically on the housing crisis in this country because its causes are complex and its consequences are dire. Last week, you'll remember, I told you the story of Jackson Hole, Wyoming, a vast open landscape nestled beneath towering mountains founded and built by working people who were driven by grit, ambition, and an entrep ...

What does this snowy patch of land tell us about America's housing shortage. This 3.8% acre plot will provide 120 new homes for people on low and middle incomes. Here in the swing state of Bethlehem, Pennsylvania, it's the first largecale affordable housing development in more than 10 years.Since the 2008 global financial crisis, too few homes have been built in the US, and that's true here in Bethlehem, too. At the same time, prices have surged, outstripping rises in people's wages. The affordability crisi ...

RT Rising serpent 🇺🇸 (@rising_serpent)I can't repeat this often enough:"Affordable housing" is a Trojan horse to transforming quiet, peaceful and prosperous high trust societies into crime infested Democrat stronghold urban ghettos.It's a one-way street to demographic replacement and third worldism that can never be undone. ...

Hey, we're Drew and Jonathan Scott, Property Brothers. We have lots of answers to questions. I hope we have answers.>> What is one thing that you two disagree on most when you're remodeling. >> Well, what do we dis disagree on. >> So many things.No, I think my biggest disagreement with Drew would be the cashmere sweaters that he wears during demolition. It just >> You got to look good. >> The sawdust.>> You got to look good. You know, I I think maybe just watching how much you're spending. Like for me, I'm ...

I am curious if you've seen any sort of movement in maybe a a sort of a future where you have real starter homes, real affordable starter homes for people in some of these markets. >> There's definitely been a lot of movement. Unfortunately, it's in the wrong direction.We have, you know, about a 4 million short house shortage of healthy inventory right now. And the challenge is people don't seem to understand that we need affordable housing. Any successful city in the world that has embraced affordable hous ...

Affordable housing is good for the city. We need it. >> There was a house, a tiny house that just sold for $330,000.>> Wish people would take it more seriously because every time we're talking about affordability, we're talking about the housing shortage. And then a year later, the stats have gotten worse. And so, people need to start figuring out at the government level, we need to figure out financing programs that incentivize people to build affordable housing. And then at everyday level, people need to ...

Core Insights - The construction of a new 37-unit affordable housing community in South Los Angeles has begun, aimed at providing long-term housing stability for low-income households [1] - The project is fully funded through private financing and a $550K investment from Health Net, making it a 100% affordable development [1] - The initiative is part of a broader effort to address the housing crisis in Los Angeles, with a focus on creating sustainable and stable living conditions for families in need [2] Group 1: Project Details - The new housing community is located at 5637 S. Broadway and is designed to be entirely income-restricted for low-income households [1] - The project received entitlements and permits in just nine months, showcasing the effectiveness of the City’s streamlined approval process under Mayor Karen Bass' Executive Directive 1 [1] - Eleos will serve as both the developer and operator of the community, with over 1,300 housing units in various stages across Los Angeles [1] Group 2: Partnerships and Funding - Health Net's $550K investment was crucial in closing the funding gap for the project, which is part of a larger commitment of $93 million to housing and homelessness initiatives in California since 2020 [1] - The partnership between Eleos and Health Net exemplifies the potential of public-private collaborations to enhance housing stability and health outcomes for communities [1] - Health Net emphasizes that safe and stable housing significantly improves health, job stability, and overall well-being for families [1]

M A R C H 2 0 2 6 Investor Presentation (1) Incentives is a component of rental revenue and represents any suite specific rental discount offered or initial direct costs incurred in negotiating and arranging an operating lease amortized over the term of the operating lease. Average incentive is shown per suite that has incentives. (2) Occupied rent is a component of rental revenue and is calculated for occupied suites as of the first day of each month as the average rental revenue, adjusted for other rental ...

Financial Data and Key Metrics Changes - Normalized FFO for Q4 2025 was $0.24 per share, unchanged from the prior year, while for the full year, it increased by 2% to $0.95 per share compared to $0.93 in 2024 [6][16] - Gross Normalized FFO increased by 7% for the quarter and 15% for the year [7] - Total revenue, including home sales, reached $261.8 million for the year, a 9% increase over the previous year [10] Business Line Data and Key Metrics Changes - Rental and related income grew to $226.7 million for the year, representing a 10% increase from $207 million in 2024 [9][17] - Same-property revenue growth was 8.2% for the year, with same-property NOI growth of 9% [10][18] - Home sales generated gross revenue of $36.4 million for the year, a 9% increase from $33.5 million in 2024 [12] Market Data and Key Metrics Changes - The company added 717 new rental homes, bringing total rental home inventory to approximately 11,000 units with a 93.8% occupancy rate [11] - The average occupancy in newly acquired communities was 78% at acquisition, providing immediate upside potential [13] Company Strategy and Development Direction - The company aims to continue growing through acquisitions, community development, and enhancing the profitability of its sales operations [28][30] - Investments in communities have improved living conditions and generated strong demand, resulting in waiting lists for rental homes [29] - The company is exploring the expansion of communities and other uses for its vacant land, which holds substantial value [30] Management's Comments on Operating Environment and Future Outlook - The affordable housing crisis is a national concern, and the company positions factory-built homes as a solution [6] - Management anticipates strong growth prospects for 2026, supported by positive industry fundamentals and high demand for affordable housing [31][32] - The company expects to achieve normalized FFO guidance of $0.97 to $1.05 per share for 2026, reflecting a 2%-10% increase [8][27] Other Important Information - The company ended the year with $72 million in cash and cash equivalents and $260 million available on its credit facility [19] - Total debt at year-end was approximately $761 million, with 99% being fixed rate [20][21] - The company repurchased 320,000 shares of common stock at an average price of $15.06 per share, reflecting confidence in its undervaluation [24] Q&A Session Summary Question: What is the strategy between rental and home sales? - Management emphasizes the importance of rentals for short-term housing needs, which helps convert renters into buyers [36] Question: What is the expected same-store NOI growth without weather-related expenses? - Management indicated that without elevated snow removal costs, same-store NOI growth would have approached 10% [42][43] Question: What are the dynamics affecting home prices and supply chain issues? - Management noted that prices for homes remain stable, with no significant delays in obtaining homes [44][45] Question: What is the outlook for rental homes and acquisition opportunities? - Management expects rental home growth to be weighted towards the spring and summer months, with ongoing competitive acquisition opportunities [56][59]