Mile High CRE’s Post

Gayle Collicutt, our Housing Support Coordinator, sat down with Global this morning to discuss July’s Sleeping Rough Survey, the consequences of renovictions and fixed-term leases, who primarily suffers these consequences, and how we can move forward. The survey, conducted in collaboration with Welcome Housing, Adsum for Women and Children, North End Community Health Centre, Shelter Nova Scotia, Sackville Warming Centre, Brunswick Street Mission, Phoenix for Youth, Halifax Regional Municipality, and the Department of Community Services, was spearheaded by Gayle. She explained that the persistence of renovictions and fixed-term leases are key contributors to the high, quickly growing, number of homeless individuals in the HRM, reflected by one-fifth of the 178 survey respondents attributing their loss of housing to a renoviction or fixed-term lease.  “The fixed-term lease practice needs to be abolished, especially when it comes to private market rentals because it’s just a tool now for landlords to bypass the rent cap”, said Gayle. One-third of respondents were involved with child protective services as a child or youth. These individuals aged out of care without necessary safety nets, “setting them up for failure”. To address this crisis of care, Gayle suggested “… we need the government, especially provincially, to look at better ways to support youth when they are transitioning out of the foster care system, because this is a very alarming but not shocking number”.  To watch the interview and read the full article, please go to: https://lnkd.in/e4JEzaKD

Monday Insights: Housing Edition Did you know that only 37% of low-income families in Chicago have access to affordable housing? This statistic from the Illinois Housing Development Authority (IHDA) highlights a significant challenge facing our community. At Of Color Inc., we are dedicated to bridging this gap through sustainable housing initiatives. By working closely with local partners and community resources, we aim to create lasting solutions for families in need. Click the link to learn more: https://lnkd.in/grBhG4n4

Hi everyone, We at FNX Development wanted to share with you an insightful article that we came across recently. It's about the absence of affordable housing and the rise of homelessness in Los Angeles, one of the most populous and diverse cities in the US. The article, published by Stanford Economic Review, analyzes the root causes of the housing crisis, such as zoning regulations, rent control, and NIMBYism (not in my backyard ism). It also discusses the social and economic impacts of homelessness, such as increased crime, health risks, and reduced productivity. Finally, it proposes some possible solutions, such as expanding public housing, providing more supportive services, and reforming land use policies. This article is relevant for our real-estate investment company because it shows us the challenges and opportunities that exist in the LA market. It also helps us understand the needs and preferences of our potential tenants and customers. By being aware of the current situation and the future trends, we can make better decisions and create more value for our stakeholders. If you are interested in reading the article, you can find it here: https://lnkd.in/ew4CmJQM . We hope you find it informative and useful. Feel free to share your thoughts and comments below and check out our website https://lnkd.in/dDu6M3VX sign up for our newsletter and follow our vision, project progression here on LinkedIn. #losangeles #affordablehousing #lahousingcrisis

The growing need for senior housing and services, and how AHEPA Senior Living is addressing it: https://lnkd.in/ez4uhQB8 #olderadults #community #PeaceofMind #affordablehousing

Conversations about the “dark side” of development often center around displacement caused by rising rents, but there’s a problem far more pervasive plaguing Pittsburgh neighborhoods, one that often gets overlooked even though it’s right under our noses. Kendall Pelling, executive director of the community development nonprofit Rising Tide Partners, calls it “rotrification”—what happens when decay and blight causes neighborhoods to rot away and become uninhabitable. As he told PublicSource, “Displacement doesn’t just happen because there’s a hot market, and the evil developers come in and buy things up and raise the rents.” Instead, he estimates that more neighborhoods are suffering from neglect than gentrification. Data from Pittsburgh’s Housing Needs Assessment backs this up. The report found that neighborhoods with worsening neighborhood conditions and high vacancy—like Homewood, Larimer, Lincoln-Lemington, and many others—are seeing large losses in low-income populations. In our latest blog post, we explore this phenomenon and what's driving it: https://lnkd.in/eWCtyct9 #displacement #pittsburgh #pittsburghrealestate #cdc #development

Communities are built on the unique factors that bring us together and thriving communities are ones where residents feel safe, secure and connected to one another. The strength and vibrancy of a community are directly tied to the wellbeing of its residents. It’s because of that security and connection that one of the most critical components at the foundation of a thriving community is the access to attainable housing. Housing isn't just about providing shelter; it serves as the very cornerstone of community development, progress and wellbeing. Without it, people can lose a sense of purpose and connection to their community. It matters from the municipality perspective too, because a lack of attainable housing can lead a city to experience population loss, decreased tax revenues, and less demand for community goods and services among many other things. Midland County has a significant deficit of “missing middle” housing, attainable for households earning between 80-120% of area median income. Missing Middle housing development spans across various units attainable for different ages, home sizes, typologies and income levels. Over time and left unchecked, this can lead to decreased political representation or withdrawal of community employers in search of bigger talent pools. Simply put, attainable housing is part of the foundation for community wellbeing, vibrancy and growth.

The current #HousingCrisis puts millions of Americans at risk, especially those facing mental and physical health challenges. To tackle the rising cost of living and economic crises, there is one proven solution: #PermanentSupportiveHousing. 🌟 #SupportiveHousing, combined with workforce development, is an evidence-based model that helps vulnerable residents recover. Numerous studies show that the care and security provided are essential to addressing chronic #homelessness. 🌍 There is a shortage of 7.3 million affordable rental homes, a result of restrictive land use policies. This affects the most vulnerable, diverting resources away from critical areas like #HealthCare and #education. 🏡 Supportive housing, combining affordability with onsite services, is the key to reducing chronic homelessness. It provides a robust care model, connecting residents with physical and mental healthcare resources to thrive. This housing approach also counters systemic discrimination and racism in zoning systems, promoting economic mobility and development in communities. 💼 Economic investment follows housing development. Affordable housing generates jobs and economic spending during construction and after completion. Over time, the economic impact pays for itself, connecting tenants with affordable rents. Workforce development programs for tenants extend the economic impact, providing an on-ramp to financial empowerment. 👏 Concern Housing has seen the positive impact firsthand, like Surf Vets Place on Coney Island. Affordable and supportive housing units, paired with projects like Cyclone Bagels, uplift residents and contribute value to the entire community. "Expanding Permanent Supportive Housing is Essential to Robust Social Safety Net" By Ralph Fasano Executive Director Concern Housing Read the article: https://lnkd.in/db_RSZmH

Millions are at risk for #homelessness because of challenges like #housing shortages and discrimination. #PermanentSupportiveHousing stabilizes #HousingInsecurity and positively impacts healthcare & economic growth. Read the article by Ralph Fasano at Concern Housing: https://lnkd.in/dc4kX7VF

Learn more about Zak's story here!

🔐 Unlocking Solutions: Addressing the Senior Affordable Housing Crisis with JPMorgan Chase Commercial Banking!🌟 - The number of adults aged 65 and older increased by 34% from 2012 to 2022, signaling a growing need for affordable senior housing. - Vincent Toye of JPMorgan Chase & Co. highlights the challenges seniors face in finding affordable housing, sharing his personal experience with his mother's two-year wait for a senior living apartment. - Vince emphasizes the urgency of addressing the senior affordable housing crisis, noting that seniors are the fastest-growing segment of America's homeless population. - JPMorgan Chase is actively involved in financing affordable housing projects for seniors, such as Pilgrim Village in Buffalo and Casa Di Francesco in Hillsborough County. - The firm also engages in research and advocacy efforts to raise awareness and find long-term solutions to the issue. - Collaboration between public and private sectors is essential in addressing the affordable housing crisis for seniors. https://lnkd.in/gg7th4jp #communitydevelopment #CRE