Monadnock Development’s Post

We partner with our investors to think through their projects. Even if it falls outside of normal lending guidelines, if the vision aligns with the asset and numbers, we find ways to make it happen! Foundationally different...#fixandflip #dscr #realestateinvesting #foundationcref

I interview Peter Southwick, a Trustee of the Bridge Housing Trust in the Waikato, on their land trust model for affordable home ownership. We discuss how this model works, could be replicated around the country, as well as what levers need to be pulled to make it happen. Bridge Housing Trust has replicated the successful “Secure Home” model from the Queenstown Lakes Community Housing Trust (QLCHT) where the cost of the house to buy does not include buying the land. Instead, the Trust holds the land for the wider community to always be able to offer affordable housing in perpetuity.  What is different about Bridge Housing Trust is that, unlike QLCHT which was initiated by the District government, it was kicked off by a philanthropist who wanted to make his land available for affordable housing and so formed a Trust to be able to hold ownership of that land.I asked Peter what he believes are the leverage points and what he would do for housing if he had a magic wand. Actually, what we realised is that it doesn’t take magic to create better housing outcomes but it does take the more powerful role players of central and local government, financial institutions, big industry employers, and land-owning philanthropists to be bold, proactive, collaborative and then invest in and enable these tried-and-tested housing models. For more information on Bridge Housing Trust and to see images and more stories, visit their website at: https://lnkd.in/eUV7tPmb Zola Rose is a consultant with Common Ground, supporting local councils, communities and stakeholders to enable affordable, connected and resilient communities To get regular inspiration, resources, and updates on the topics of affordable, connected, resilient, and community engagement for regenerative housing communities, keep in touch: Visit the Common Ground website, sign up for our newsletter, get the many resources we offer there, book a meeting with me, engage our services for your project, and more…: https://lnkd.in/giGyFJD7 If you’d like to be a guest or sponsor of the show, go to this link: https://lnkd.in/gkyG5_VY Follow us on our Common Ground Facebook page.  Our Instagram is commongroundaotearoanz. 

Westside Future Fund's work to transform the historic Westside is well underway. Once plagued by remnants of urban decay set in motion by a mass residential exodus in the latter half of the 20th century due to systemic disinvestment in the community, we've revitalized entire blocks through the construction of high-quality, affordable housing and blight removal. But we continue to face tremendous challenges from absentee landlords who won’t reinvest in their uninhabitable dwellings, nor sell them for a reasonable price. Learn more in Atlanta Business Chronicle's Westside Market Report: https://lnkd.in/exs44_qZ

Westside Future Fund project aims to blend commercial vitality with affordable housing

Construction work has commenced on Livv Homes’ first affordable housing scheme in Warrington, Cheshire. The £5.2m Parkside Place development on Wilderspool Causeway is set to support local people onto the property ladder with 29 apartments for Rent to Buy. The five-storey apartment block will feature 21 one-bedroom apartments and eight two-bedroom apartments. Livv Homes, which is part of Livv Housing Group, has secured grant funding from Homes England to support the delivery of the scheme and PGS PROJECTS LTD has been appointed as principal contractor. The scheme will utilise Modern Methods of Construction, such as structural insulated panels (SIPS). Yvonne Westhead-Fyles, Director of Development, Growth and Sales at Livv Housing Group, says: "Parkside Place will bring high quality and affordable new homes to meet local housing need, enhancing the sustainability of the neighbourhood and community, whilst providing a pathway to home ownership through Rent to Buy. "We’re aiming to provide 1,000 new homes over the next three years across the Liverpool City Region, Warrington and West Lancashire. We’re building in places where we can make the greatest impact and Parkside Place will contribute to creating a thriving community, whilst establishing our presence in Warrington. We’re delighted to be here." Tom Hawley, Head of Affordable Housing Growth (North) at Homes England, adds: "These Rent to Buy apartments are a great option for people and families who want somewhere to call home with the opportunity to buy in several years when they are ready to access a mortgage. A big thank you to Livv for having the expertise to bring this site forward for construction and the ambition to build significantly more new affordable homes across the region." https://lnkd.in/giicybPX #construction #housebuilding #affordablehomes #affordablehousing #renttobuy #development #housingassociation #contractor #councils #grantfunding #affordablehomesprogramme #homeownership

Sharestates recently funded this Multifamily property in the Bronx, NY. The Bronx has a fascinating history and an appeal that resonates with both residents and visitors alike. Originally settled in the 17th century, the Bronx has evolved into a vibrant borough of New York City with a rich cultural heritage. Its real estate offerings encompass a wide spectrum, from picturesque single-family homes in Riverdale and Pelham Bay to modern apartments and lofts in emerging neighborhoods like Mott Haven and Port Morris. The Bronx's appeal lies in its diverse communities, each with its own unique character and traditions, creating a tapestry of cultures that enriches the borough's identity. The Bronx is renowned for its cultural institutions, such as the Bronx Museum, celebrating its contributions to art and music. The borough's extensive park system, including the iconic Bronx Zoo and the New York Botanical Garden, provides residents with a connection to nature and recreational opportunities. Moreover, the Bronx's convenient location and public transportation options offer easy access to Manhattan and other parts of the city. With its deep-rooted history, diverse culture, and ongoing revitalization efforts, the Bronx's real estate market presents an inviting opportunity for those looking to be part of a thriving and evolving borough in the heart of New York City. Need DSCR financing? Click Here: https://okt.to/KmwDNr #mortgagebroker #bridgeloans #brrrr #rentalloans #dscr #buyrealestate #capitalinvestment #constructionlending #rehabinvestor #investmentproperty #tablefunding #privatemoneyloans #hardmoney

Wondering how the Housing Accelerator Fund impacts our housing market? 👇 Experts Tony Irwin and Robert Byers say it’s a good start but needs improvement. The fund aims to boost housing supply by funding municipalities that streamline permitting and zoning. However, accountability issues and ensuring funds go to pressing projects are concerns. In Ontario, homeownership has dropped, with prices nearing $900K. ‼️ Despite purpose-built rentals being a solution, there were fewer than 14,000 rental starts in 2022. Organizations like Namerind Housing face municipal barriers, delaying essential projects like a 96-unit affordable housing development in Regina. Better federal oversight and stronger municipal responsibility are crucial to ensure the fund addresses urgent housing needs. As a realtor, I can help you navigate how these policies affect your home buying and renting decisions. Contact me today for expert advice! #HousingMarket #RealEstate #AffordableHousing #HomeBuying #Renting #ExpertAdvice

In the multifamily space, there can be few subjects gaining more attention—or, in many instances, generating more controversy—than affordable housing. And whether it’s related to rezoning, rent caps or inclusionary mandates, government involvement arguably plays a greater role in the affordable space than in any other class of development. To help multifamily owners, investors, and developers sort out the risks and rewards, Berkadia has scheduled a webinar titled, “The Politics of Housing Affordability.” Sharon Wilson Geno, Mary Ann King #cre #multifamily

In the multifamily space, there can be few subjects gaining more attention—or, in many instances, generating more controversy—than affordable housing. And whether it’s related to rezoning, rent caps or inclusionary mandates, government involvement arguably plays a greater role in the affordable space than in any other class of development. To help multifamily owners, investors, and developers sort out the risks and rewards, Berkadia has scheduled a webinar titled, “The Politics of Housing Affordability.” Sharon Wilson Geno, Mary Ann King #cre #multifamily