Coastal Credit Union Community Impact & Foundation’s Post

December has been a productive month, with three more SoLa projects receiving their Certificate of Occupancies (COO). Thank you City of Los Angeles Department of Building and Safety (LADBS), Los Angeles Department of Water and Power (LADWP), and Mayor Karen Bass for helping prioritize 100% affordable projects via ED-1. The policy changes are working!   Project Firth – SoLa Impact's 9th affordable housing development to receive (COO) – was indicative of the challenges housing developers face across the board. Sometimes, our LinkedIn posts read like Instagram stories -- highlighting only “shiny” vignettes of success. But at Firth, there were a lot of stumbles, mistakes, and obstacles before we got to the end. Firth’s 39-unit construction began during COVID, which caused the project to be nine months behind schedule. Our contractors struggled with significant increases in material costs and supply chain issues, which led to cost and time overruns.  We even had to work through a hurricane in California mid-August!  When we take “the picture” at the end (see video below), it all looks great.  And fortunately, the building was leased in four weeks with long tenant waitlists for units at better than pro forma rents. Firth stands as a symbol of SoLa’s grit and determination in persevering to complete tough projects. Scalably building high-quality, affordable and workforce housing is never easy – especially in California and particularly when you have to watch the “nickels and dimes” as a private developer.  But California desperately needs affordable housing and we have to find ways to deliver units faster, cheaper, and better – so SoLa will continue to work tirelessly to deliver on the remaining 30 projects and 3,000 units we have in our pipeline, and then continue to build more.  #AffordableHomes #SoLaImpact #FirthLiving #RealEstateDevelopment #CommunityBuilding #SustainableHomes #LAHousing

**Did you know? 🔍** When it comes to residential subdivision developments, there are numerous hidden costs that developers absorb to ensure the community's safety and infrastructure needs are met. One such example is the recent installation of fire hydrants at our McQueen Farms project in Hoke County, NC. At Sandhills Real Estate Holdings, we are committed to providing safe and well-equipped neighborhoods. To that end, we were asked by the fire marshal (as a development condition) to install two fire hydrants at our latest development in Hoke County, NC. This crucial expense is just one of many that developers often bear without much public awareness. Fire hydrants play a vital role in ensuring that fire services can effectively protect homes and families, enhancing the overall safety of our community. However, these necessary installations are not always covered by public funds, and can significantly impact the overall development costs. By shedding light on these hidden expenses, we aim to foster a greater understanding and appreciation of the complexities involved in creating thriving residential communities. Next time you see a new neighborhood sprouting up, remember the unseen investments that contribute to making it a safe and pleasant place to live. *** McQueen Farms is a joint venture development between Ben Stout Construction and Sandhills Real Estate Holdings. #RealEstateDevelopment #HiddenCosts #CommunitySafety #McQueenFarms #HokeCountyNC #SandhillsRealEstateHoldings

**Did you know? 🔍** When it comes to residential subdivision developments, there are numerous hidden costs that developers absorb to ensure the community's safety and infrastructure needs are met. One such example is the recent installation of fire hydrants at our McQueen Farms project in Hoke County, NC. At Sandhills Real Estate Holdings, we are committed to providing safe and well-equipped neighborhoods. To that end, we were asked by the fire marshal (as a development condition) to install two fire hydrants at our latest development in Hoke County, NC. This crucial expense is just one of many that developers often bear without much public awareness. Fire hydrants play a vital role in ensuring that fire services can effectively protect homes and families, enhancing the overall safety of our community. However, these necessary installations are not always covered by public funds, and can significantly impact the overall development costs. By shedding light on these hidden expenses, we aim to foster a greater understanding and appreciation of the complexities involved in creating thriving residential communities. Next time you see a new neighborhood sprouting up, remember the unseen investments that contribute to making it a safe and pleasant place to live. *** McQueen Farms is a joint venture development between Ben Stout Construction and Sandhills Real Estate Holdings. #RealEstateDevelopment #HiddenCosts #CommunitySafety #McQueenFarms #HokeCountyNC #SandhillsRealEstateHoldings

The City of Santa Fe, New Mexico has contracted with SAFEbuilt to provide this service which is intended to reduce the review time of building permit approvals and to help ensure timely project starts. Tom Graham, AIA, Assistant Land Use Director for Santa Fe, who has managed the project to fruition, said: "Integrating SAFEbuilt's remote plan review services will significantly enhance our operational efficiencies and enable better coordination is system not only expedites our review processes but also increases transparency for all stakeholders involved, aligning perfectly with our commitment to public service and accountability." If you jurisdiction is facing a backlog of plans needing a thorough review for building code compliance, SAFEbuilt's remote plan review services can turn those plans into permits. Connect with us here: https://lnkd.in/gui9KwKf.

**Did you know? 🔍** When it comes to residential subdivision developments, there are numerous hidden costs that developers absorb to ensure the community's safety and infrastructure needs are met. One such example is the recent installation of fire hydrants at our McQueen Farms project in Hoke County, NC. At Sandhills Real Estate Holdings, we are committed to providing safe and well-equipped neighborhoods. To that end, we were asked by the fire marshal (as a development condition) to install two fire hydrants at our latest development in Hoke County, NC. This crucial expense is just one of many that developers often bear without much public awareness. Fire hydrants play a vital role in ensuring that fire services can effectively protect homes and families, enhancing the overall safety of our community. However, these necessary installations are not always covered by public funds, and can significantly impact the overall development costs. By shedding light on these hidden expenses, we aim to foster a greater understanding and appreciation of the complexities involved in creating thriving residential communities. Next time you see a new neighborhood sprouting up, remember the unseen investments that contribute to making it a safe and pleasant place to live. *** McQueen Farms is a joint venture development between Ben Stout Construction and Sandhills Real Estate Holdings. #RealEstateDevelopment #HiddenCosts #CommunitySafety #McQueenFarms #HokeCountyNC #SandhillsRealEstateHoldings

If you’re a homeowner who is part of a strata community (and therefore an owners’ corporation), you know how important it is to keep your space fresh and fabulous. 🏡 But before you unleash your inner DIY powers and start on minor renovations (or decide to grab that sledgehammer), let’s talk about a crucial part of renovations: strata approval. Trust us; you don’t want your renovation dreams to turn into a financial nightmare or, worse, end up undoing all your hard work. And just because something doesn’t need council approval, it still may need strata approval. So, let’s find out what you need strata approval for when doing minor renovations or major renovations and how to get the approval you need. To read more about this, you can read the full blog here👉 https://bit.ly/4bqfRRl written by our very own Alexander Pratt #HappierAtHome . . . #jamesonsstratamanagement #renovations #nswrenovations #stratansw #communityliving

How to solve Tampa Bay’s housing crisis? Start with these four ideas Contact me to discuss the latest scoop in real estate! #apollobeachrealtor #realestate #realtor #apollobeach #waterset #watersetcharterschool #brandon #brandonrealestate #brandonrealestateagent #riverview

New home construction is back in Walton County, Georgia … and so is the NSP Homebuilder Directional Sign Program! 😍🏠🍑 During its last housing boom, Walton County adopted our program to curb temporary home builder signs. When the county’s growth leveled off in the 2010s, we removed our sign plazas. With construction back on the rise, we’ve installed 21 new sign plazas to help the county to … ➡️ Eliminate chaotic signage without alienating builders. ➡️ Generate revenue – at no cost to local taxpayers. ➡️ Greet visitors with signage bearing their county's brand. ➡️ Simplify enforcement of temporary signage codes. Walton joins Cherokee, Douglas, and Cobb counties and numerous municipalities as adoptees of the NSP Homebuilder Directional Sign Program in metro Atlanta. It's an ideal solution for high-growth, pro-growth communities in Georgia and beyond! #urbanplanning #cityplanning #housing #zoning #codeenforcement

Housing markets in western Florida are cooling faster than anywhere else in the country as natural disasters intensify, new construction soars and the pandemic-era homebuying demand boom fades further into the rearview mirror.  North Port’s housing market is cooling fastest, followed by Tampa and Cape Coral. There are three other Florida metros on the list of 10 housing markets cooling quickest: Orlando, FL comes next, followed by Denver, Houston, Minneapolis, Jacksonville, FL, Lakeland, FL and Dallas. https://lnkd.in/eKQcYmC7

🌐 Big News in Sacramento Land Development! 🏡 The City Council just approved a game-changing upzoning proposal to boost housing in single-family neighborhoods and near transit. 👏🏽 This move replaces restrictive zoning, allowing more units based on overall building size. Kudos to #Sacramento for a forward-thinking approach to address the housing crisis! #LandDevelopment #HousingCrisis #UrbanPlanning