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Commercial Real Estate

Advocates call for vacant commercial space to be converted into affordable housing

By Mike Wheatley | April 18, 2021
With those of commercial buildings sitting empty due to the coronavirus pandemic, some are looking to repurpose those spaces for affordable housing. The onset of COVID-19 and the need for social distancing has resulted in hundreds of hotels sitting empty, while offices remain vacant as people work from home instead. The sudden availability of all […]
US Real Estate

Affordable Housing Crunch Continues Growing - Are Hotels a Partial Answer?

By Brian Kline | February 16, 2021
The affordable housing crunch doesn’t affect only first time homebuyers. It also affects renters and ultimately the entire economy. The affordability problem was bad in 2019 and became worse in 2020, substantially due to COVID-19. Harvard University’s State of the Nation’s Housing 2020 report (sponsored by Habitat for Humanity), defines “housing cost burdened” as spending […]
US Real Estate

Hospitals do their bit to tackle homelessness in the U.S.

By Mike Wheatley | January 6, 2020
Hospitals are increasingly buying up real estate as part of an effort to help alleviate the homeless crisis that’s affecting many parts of the U.S. The problem for hospitals is that some patients, after receiving treatment, have nowhere to go once they’re discharged. Insurance companies generally refuse to pay for patients once they’re immediate problem […]
Press Release

2019 NHP Foundation Symposium exceeds Sponsorship Goals

By Press Release | October 24, 2019
NHPF (The NHP Foundation), a national not-for-profit leader in providing quality affordable housing to low to middle income Americans in need, today announced that its 3rd Symposium event, ““Affordable Housing Investment: Impactful Returns Realized” held October 16th at Union Station in Washington, D.C. surpassed each of the previous two Symposia drawing 95 corporate sponsors and […]
Featured News, US Real Estate

Facebook pledges $1 billion to combat Bay Area housing crisis

By Mike Wheatley | October 23, 2019
Facebook is the latest big tech company to pledge money to address the shortage of affordable housing affecting the communities its workers live in. The company says it’s committing $1 billion towards a variety of initiatives meant to tackle the problem, following similar pledges by Google and Microsoft. The initiatives come at a time when […]
Home Buying, US Real Estate

Arizona encourages home buyers to chip in on affordable housing

By Mike Wheatley | October 7, 2019
Real estate agents and home builders in Arizona are being asked to encourage new buyers to donate $25 upon closing to a new fund that’s been setup to combat homelessness in the state. The Arizona Housing Fund is the brainchild of one Howard Epstein, a board member of nonprofit group Arizona Housing Inc. “Too many […]
US Real Estate

Seattle considers tax on Uber and Lyft to fund affordable housing

By Mike Wheatley | September 25, 2019
Lawmakers in Seattle are considering imposing a 51-cent tax on ride-sharing companies such as Uber and Lyft, which would be used to finance new affordable housing and transportation projects. The proposed new tax, which still needs to be approved by the City Council, would come into effect next July, the Seattle Times reported. Seattle Mayor […]
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