The demand for new housing products right now is strong, but aside from traditional financing challenges, there’s a factor stopping developers—and that is rising construction costs. As a developer, you need to take advantage of every opportunity to make a project profitable—LIHTC might be that opportunity. Read on! LIHTC stands for Low Income Housing Tax Credits. It provides […]
Tag Archives: IHG
Developers | Is HUD Financing A Good Option?
You want to start a new project; however, the current economic situation is making you rethink which direction to go. Financing could be a solution, but which type? Today we talk about HUD financing. When you hear of a ‘HUD PROJECT,’ this typically means the HUD Section 221 (D4) Program is being used. HUD is an acronym […]
Developers: How to Tackle The High Cost of Housing
We are currently facing an imbalance between supply and demand. Rising building materials costs and low inventory have caused the price of an average, new single-family home to increase by $62,300 since April of last year. Skyrocketing prices mean people cannot afford to buy homes, driving down the pace of recent home sales. Will this alarming trend continue? Read on? According […]
Developers | Trending Amenities For Horizontal Apartments
If you are thinking of developing a Horizontal Apartment, you have probably thought about which community amenities to include for the overall project. It’s the era of change in multifamily housing design, and a few updates to the standard multifamily formula could drive up rent, increase occupancy, and lease-up, and ultimately get you the best return on investment (ROI). A […]
Developers | 2020 Changes That Are Here to Stay
For the past year, developers have innovated to stay afloat during the economic standstill and pandemic-related production challenges. 2020 accelerated the need for the AEC sector to make better use of available technology. Now that we are coming out of crisis mode, which of these revenue-boosting Tech Trends should you keep in your toolbox? Two […]
Developers: Rental Rates are on the rise!
Much has changed in the multifamily market due to COVID-19, including apartment sizes, amenities, and moving trends, but how do rental rates continue to change? Now four months into 2021, we notice the fluctuation of rental rates even within the same city. Apartments experienced an unprecedented bifurcation of rental rates over the past year, showing extreme differences among […]
Developers: Increase ROI with Opportunity Zones
Keeping up with trends and updates of 2021, today I talk about a term used in development—Opportunity Zones. Not sure what it is and how you can benefit from it—read on! What is an Opportunity Zone? An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities […]
With Skyrocketing Lumber Prices—Consider Steel
Material shortages are a widespread concern for all U.S. industries—the multifamily building industry being one. According to the National Association of Home Builders (NAHB), the rise in lumber prices in the past year has added $35,872 to the price of an average new single-family home and $12,966 to the market value of an average new multifamily home. […]
Developers: Good signs for the hotel sector
Lately, we’ve talked a lot about multifamily products–this is where most of our work has been in the last year. We see an interesting trend popping up–over the last 4 weeks: a dramatic increase in the number of hotel projects moving again! It was certainly a rough 12 months for hotel development, but we see some great signs […]
Developers: Robots can build your next project
As you already know, we are engaged in the 4th Industrial Revolution, and it’s hard to keep up with the many innovations in the construction industry. We know you can’t afford to fall behind on this—that is why this week, I give you a brief overview of robotics and how you can leverage automated modular methods to […]