Affordable housing shows no impact on real estate values in Colorado Springs neighborhoods, study shows | Homeless

As Colorado Springs City Council members on Tuesday consider approving the spending plan for incoming federal Housing and Urban Development funding, a new map shows property values have not decreased in any city neighborhood because of affordable housing projects. 

The information refutes what’s often the leading cause of neighborhood opposition to such development.

“According to the data we have, there is not a single place in the city of Colorado Springs where a low-income project has brought down property values in the last five years,” said Steve Posey, HUD program manager.

That’s also not the case in other states, said Daryn Murphy, vice president of development for Wisconsin-based Commonwealth Development Corp.

“We hear that argument quite often, but we haven’t seen where it actually plays out,” he said.

At least six sections of the city where tax-credited affordable-housing projects have been built are among the neighborhoods that have seen property values increase the most in recent years, Posey noted.

City officials expect to receive an estimated $5 million in HUD funding to address priorities for affordable housing, homelessness prevention, economic development, nonprofit assistance and improvements in low-income neighborhoods. The funding starts April 1 and covers the second year of a

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The struggle to make Toronto real estate affordable

Brokers and urban planners debate how a home vacancy tax and other efforts to make housing affordable will play out in 2021

2020 has been a very fascinating year when it comes to Toronto real estate. Our housing market reacted in unexpected ways to a global pandemic that hit the economy hard.

Just when you think Toronto house prices couldn’t get any higher, they keep getting higher. There are so many condo units sitting vacant and more being built. All the while, the need for affordable housing gets more urgent.

Time will tell if the vacancy tax the City of Toronto plans to introduce will shake things up in a positive way, and whether immigration will resume, fuelling a post-pandemic housing rush.

One thing is for certain: Demand for housing remains high, but the city needs a greater diversity of housing options while taking environmental concerns into account.

To discuss these issues, we gathered a panel of Toronto real estate experts: two brokers, Odeen Eccleston from WE Realty and Meray Mansour from RE/MAX Hallmark, and two urban planners, Paul Demczak from Batory and Cheryll Case from CP Planning.

Our experts discuss what’s in store for Toronto real estate

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Incentivize homeownership and affordable housing

a close up of a cell phone: There is also an urgent need to further streamline the Goods and Services Tax, which is applicable at 1{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} for affordable homes and 5{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} for other segments.

© Provided by The Financial Express
There is also an urgent need to further streamline the Goods and Services Tax, which is applicable at 1{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} for affordable homes and 5{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} for other segments.

Indian Union Budget 2021-22: It won’t be an overstatement to say that the real estate industry forms one of the key pillars of the Indian economy. Estimated to be worth more than $180 billion at present, the sector is projected to reach a market size of $1 trillion by 2030 and contribute around 13{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} to the national GDP. Over the past few years, however, real estate in India has had to deal with several large-scale policy changes-such as demonetization, the GST implementation, and the RERA Act-that have impacted its growth. The sector was only beginning to bounce back from the impact when the COVID-19 pandemic hit in 2020, completely disrupting the demand and supply value chain.

Almost an year on from that defining moment and 12 months of significant disruptions, uncertainty, and innovation, green shoots of recovery have started to emerge in the Indian real estate industry. The sector posted its best performance in Q3 2020 on the back of the surge in demand for residential real

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10 Unique And Affordable Valentine’s Day Date Ideas

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With Valentine’s Day around the corner, your mind might be racing to come up with ways you can show you care without overspending (because let’s be real, who isn’t broke after the holidays?). While a day of lounging on a yacht or a night eating at a fancy restaurant may seem appealing, there are plenty of budget-friendly options that are just as imaginative and memorable. For dates that won’t break the bank, just think outside the box.

Creativity goes a long way in making an impression that will truly wow your significant other on Valentine’s Day. From going for a bike ride and sightseeing at your lover’s favorite locations to creating an at-home spa experience, inexpensive date ideas don’t have to feel thrown together. You can volunteer or visit an animal shelter to give back together (which is an unforgettable philanthropic bonding experience), or even share your dreams and start manifesting with a vision board party for two.

Just think of your partner’s personality, lifestyle, and what they like to do for fun, and we’re certain you can come up with a budget-friendly date that checks all their boxes. The creativity is sure to earn you extra

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Greystone Brown Real Estate Advisors Closes $31.7 Million Sale of Affordable Housing Property …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

NEW YORK, Jan. 26, 2021 (GLOBE NEWSWIRE) — Greystone Brown Real Estate Advisors announced it has closed the $31.7 million sale of a 257-unit affordable housing property in Marietta, Georgia. Greystone Brown represented buyer, Fillmore Capital Partners, with the seller of the property, Olive Tree Holdings, being a previous client of the firm’s. The transaction was handled by Taylor Brown, Chandler Brown, Cory Caroline Sams, Barden Brown, and Bo Brown of Greystone Brown Real Estate Advisors.

The Life at Windy Hill comprises one-, two-, and three-bedroom apartments averaging 1,379 square feet. The complex is currently a low-income housing tax credit (LIHTC) property and 40{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of the units are restricted by income. Residents of the community enjoy amenities such as a clubhouse and fitness and business center, laundry facility, as well as outdoor recreational facilities such as a swimming pool and soccer field. The property is conveniently located in the submarket of Cobb County and is just 30 minutes from Downtown Atlanta.

“We’re passionate about working quickly and creatively to achieve results for our clients, and in this case were able

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Donahue Peebles III talks affordable housing and gentrification

  • Donahue Peebles III has worked for his father’s real-estate firm, Peebles Corporation, since high school.
  • He’s passionate about gentrification, telling Insider that lack of affordable housing is “a failure of American society.”
  • Peebles talked to Insider about affordable housing, gentrification, and what he expects under a Biden presidency.
  • Visit Business Insider’s homepage for more stories.

In real estate, there are NIMBYs and YIMBYs, and Donahue Peebles III knows where he stands.

For decades, “NIMBY,” which stands for “not in my backyard,” referred to homeowners who oppose nearby development. The “YIMBY,” naturally, says yes to the same proposition. To hear Donahue Peebles III tell it, more development won’t just be good for his family’s company — he’s a real-estate development heir — but also a key to civil-rights progress in the Biden era.

“As developers, we have such an outsized effect on the world in which everyday folks live, far more than an options trader would or your Wall Street executive,” Peebles told Insider. “Everybody, every day, interfaces with real estate, multiple times a day.”

Peebles works at Peebles Corporation, which was founded by his father, Donald Peebles II, in 1983 and has grown into of the nation’s

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5 Affordable Decor Pieces To Give Your Home A Trendy 2021 Makeover

2020 brought out the best and the worst in us. As many discovered their cooking talents, others found routes to spend money online. Spending on home decor has thus become a newfound obsession. Thanks to some really popular decor items that Instagram keeps rubbing in our faces, we are convinced they can give our homes a much needed makeover in 2021. Here are five such pieces that are perfect if you want a trendy space straight out of Instagram.

1. Round Mirrors 

a room with a large mirror: Image Credit: Getty Images

© Provided by iDiva
Image Credit: Getty Images

A mirror can give the illusion of space and therefore, they work exceptionally well for small spaces. If positioned right, they can also instantly illuminate any room with their light-reflecting properties. These round mirrors are functional as well as aesthetically pleasing. 

Buy It here 

2. Donut Vases 

Image Credit: Instagram/belle_nest

© Provided by iDiva
Image Credit: Instagram/belle_nest

This unconventionally shaped vase is all the rage on Instagram, courtesy influencers’ homes. With beige and white being trendy colours in decor, this piece will fit perfectly well on any shelf of the house, be it in the washroom or your dressing room. To complete your Insta-worthy look, place some pampas grass inside the vase. 


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