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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CF Real Estate Services Hires Heather Sizemore as Senior Vice President to Lead Growing Student Housing Division


CF Real Estate Services (CF) has hired Heather Sizemore as senior vice president of its student housing division, Campus First. In her new role, she will oversee the day-to-day management and operations of the student assets as well as head up the business development efforts of the expanding portfolio.

This press release features multimedia. View the full release here:

Heather Sizemore, Senior Vice President, Campus First (Photo: Business Wire)

Sizemore comes most recently from Michaels Student Living (MSL), where she launched the company’s student housing management platform as vice president of operations, before transitioning to the on-campus business development team. During her tenure at MSL, she participated in the management and development of more than 15,000 beds. “As a 20-year veteran in the student living space, we are excited for the wealth of knowledge and experience Heather brings to this position,” states Kevin Owens, executive vice president, CF Real Estate Services.

Campus First has recently added several student housing assets to its management portfolio increasing its presence further in both Texas and South Carolina. As a well-known and respected industry leader, Heather will be a key component of the continued success of this growing

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Housing, retail complex OK’d in downtown Sunnyvale

SUNNYVALE — City officials have approved plans for a new mixed-use residential and retail tower in downtown Sunnyvale that would become part of the successful CityLine Sunnyvale neighborhood.

Developers have proposed a new downtown Sunnyvale tower that would be 12 stories high and include homes and ground-floor retail and be adjacent to a town square expected to become a kind of “living room” for the neighborhood.

CityLine Sunnyvale is a new neighborhood of offices, shops, restaurants, homes, and open spaces that will effectively create a new downtown for the South Bay city.

The neighborhood is a project being built in phases by a joint venture of two major developers: Sares Regis Group of Northern California and Hunter Storm.

The Sunnyvale Planning Commission Monday night approved the two-building housing and retail tower.

“The approval of this project signals the continuing forward momentum for CityLine Sunnyvale following the opening of AMC Theaters and Whole Foods Market last year,” said Travis Duncan, an assistant vice president at Sares Regis Group of Northern California.

AMC DINE-IN Sunnyvale 12 movie complex and Whole Foods, which leased space in the same building, have effectively become the anchor tenants of the new downtown Sunnyvale.

Whole Foods occupies

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Blackstone to Buy Interior Logic for $1.6 Billion in Housing Bet

(Bloomberg) — Blackstone Group Inc. is buying Interior Logic Group Inc. for about $1.6 billion including debt, preempting the company’s initial public offering and bolstering a bet on single-family housing.

a bedroom with a view of a living room

© Photographer: Ty Wright/Bloomberg

Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker “ILG.”


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Interior Logic also provides supply-chain and installation-management services to homebuilders. The Irvine, California-based company operates in 37 states. Blackstone hopes to expand the company’s geographic reach and enhance its technology, said Seth Meisel, a senior managing director with the firm.

“ILG’s technology, relationships and purpose position it exceptionally well in the single-family real estate value chain,” Vikram Suresh, a managing director at Blackstone, said in the statement. The investment is being done through the firm’s private equity business.

Blackstone, one of the world’s largest real estate investors, is getting in on the rebound in single-family housing in the U.S. fueled by low borrowing costs and the need for larger living spaces during the pandemic. U.S. home construction starts climbed in December to

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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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HUL, Axis Bank, Kotak Mahindra Bank, PNB Housing, L&T, UCO Bank, Indiabulls Real Estate

a man sitting at a desk in front of a computer: Upcoming Union Budget 2021, corporate earnings, oil prices, rupee movement and other global cues will sway the market sentiment today. Image: Reuters

© Provided by The Financial Express
Upcoming Union Budget 2021, corporate earnings, oil prices, rupee movement and other global cues will sway the market sentiment today. Image: Reuters

Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a gap-up start on Wednesday, as suggested by the trends on SGX Nifty in early trade. Nifty futures were trading 80.50 points or 0.57 per cent up at 14,161.50 on Singaporean Exchange. Domestic equity stock markets were closed on Tuesday on account of Republic Day. Market participants will react to the IMF projection of 11.5 per cent growth rate for India in 2021. It said that this makes India the only major economy of the world to register double-digit growth in 2021. Besides, upcoming Union Budget 2021, corporate earnings, oil prices, rupee movement and other global cues will sway the market sentiment today.

Stocks in focus today-

HUL, Axis Bank: A total of 50 companies including Hindustan Unilever Ltd, Axis Bank, ICICI Prudential Life, Marico, United Spirits, Bank of Baroda, Canara Bank, Emami, Nalco, Quess Corp, PNB Housing, Nippon LIfe Asset Management and India Cements, among others are scheduled to announce their October- December quarter results on Wednesday.

Kotak Mahindra

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Housing Vouchers for Homeless People Routinely Denied

It’s been more than a year since Rebeka and her family lost their apartment in Queens. Since January 2020, they have been living in a hotel — a hotel operating as a homeless shelter for families.

“This whole year has been different,” Rebeka explains. “Christmas, New Year’s, Thanksgiving, everything is just different.”

What You Need To Know

  • Thousands of people experiencing homelessness  are given housing vouchers by the city to find housing
  • An exclusive NY1 investigation has found those vouchers are routinely denied by landlords and realtors, which is an illegal source of income discrimination 
  • In the first 10 months of 2019, on average every month, only a tiny slice of those with vouchers were able to find apartments 

She has two children and worked for the city until the pandemic hit the five boroughs. NY1 has changed her name to protect her family’s privacy.

When we met on a cold day in December, Rebeka was carrying a large stack of papers. On it was the names and phone numbers of management companies and realtors.

“This is a prospective list that I was given by my shelter,” she said. “And this is what I have been doing, making calls. I

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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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Govt needs to relax tax provisions in FY22 Budget to give fillip to housing

a tall building in a city: Given the liquidity issues in the sector, landowners have been entering in collaboration agreements.

© Provided by The Financial Express
Given the liquidity issues in the sector, landowners have been entering in collaboration agreements.

By Gaurav Karnik

As the pandemic engulfed the Indian economy in the early part of 2020, there was a severe impact on the housing sector. Since the lifting of the lockdown, there have been few green shoots in the residential segment. These have been facilitated by cuts in stamp duty rates by states, such as Maharashtra, and interest rates for housing being at historic lows. Keeping the government’s stated objective of Housing for All by 2022, a sub-segment that has and will need attention in the forthcoming budget is affordable housing. In this connection, it is suggested that the last date for availing the Pradhan Mantri Awas Yojana (PMAY) Credit-Linked Subsidy Scheme (CLSS) both for the MIG-I and MIG-II categories be extended to March 31, 2022, as is the case with the scheme for LIG/ EWS category.

The period for availing the additional deduction of up to Rs 1.5 lakh for interest paid on loans borrowed for the purchase of an affordable house valued up to Rs 45 lakh, should be extended to March 31, 2022, and, at the same

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