| Affordable Housing Efforts Target Private Employers |
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Adding testament to the growing severity of the nation’s
rental housing affordability problem, HUD released its biannual Worst
Case Housing Needs report this week. The number of renter
households with worst case needs grew to 8.30 million in 2015, nearing record
highs.
“It’s time we take a more holistic look at how government at
every level, working with the private market and others, can ease the pressure
being felt by too many unassisted renters,” said
HUD Secretary Ben Carson.
While many apartment and development firms participate in
public-private partnerships, more efforts are underway to involve the greater
business community, as many employers find the scarcity of affordably priced
rental housing for their employees a hindrance to growth.
In Denver this week, Mayor Michael Hancock revealed that Chipolte
Mexican Grill could be the city’s first employer partner to participate in a
pilot program that would buy down rents on up to 400 market-rate apartments.
Read
more |
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DEALS
Blackstone, Starwood to Merge Single-Family Rental Businesses
In a sign that investors are betting that a growing number of U.S. families will rent, two of
the country’s largest single-family rental businesses have agreed to merge,
creating a combined portfolio of roughly 82,000 homes in 17 metro areas. |
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POLICY
Three Key Considerations for Housing Finance Reform
As housing finance reform makes a possible comeback on Capitol Hill, one housing advocate encourages legislators
to take into account changing demographics, the need for a government backstop
to provide market stability and the complementary nature of the relationship
between renting and owning. |
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BUSINESS
How the Apartment Boom Is Taking Laundromats to the Cleaners
In today’s sharing and gig economies, many urban dwellers are renters with extra cash who desire—no,
expect—amenities like a washer and dryer to be included in their apartment.
As a result, laundromats have been rapidly losing business. |
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LAND USE
Multifamily Developers Try to Solve the Parking Challenge
Multifamily developers are fighting for the right to build fewer parking spaces at new apartment properties in downtown areas.
“There is a growing awareness among housing officials that the required parking
ratios are out of whack with reality,” says NMHC’s Doug Bibby. |
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TECHNOLOGY
Chatbots, Multifamily & Millennials
For many multifamily companies, the furthest they’ve waded into anything close to
artificial intelligence is voice-activated assistance on phone calls. But
millennial demand and new tech innovation could soon make AI an integral part
of apartment search. Enter the multifamily chatbot. |
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SUSTAINABILITY
Investments in Innovative Technology Improve Property Performance
In this video, Corporate Sustainability Strategies’ Brenna Walraven
leads a discussion on investment in innovative sustainability initiatives, from
clean and renewable energy to wellness design, with Equity Residential’s Louis
Schotsky, Black Bear Energy’s Drew Torbin and National Real Estate Advisors’
Kevin Verdi. |
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September 25 - 27, 2017 at the Tampa Marriott Waterside Hotel & Marina, Tampa, FL
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| A must-read for top apartment industry professionals, Apartment Wire is a timely review of emerging trends in apartment finance, development, management and technology and more, featuring both exclusive content from NMHC's staff of experts and provocative articles from across the web. |
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