NYC Department of Housing Preservation & Development’s Post

The Housing and Productivity Charge (HPC) is locked and loaded, and in my mind it is a good thing, but there are some things need to be thought through. One thing that has been on my mind... under the previous SIC there was a concise list and costing of projects that were identified for funding through the Contributions Plan. Under a HPC there would seemingly be no list of projects. These would primarily be roads projects, but in my experience there are sometimes misaligned views on road classification and/or if a road should be funded by Council under a local contributions plan or the State via a SIC/HPC. To avoid this, we'll need a clear set of rules for infrastructure classification so that everybody knows up front the extent & scope of infrastructure projects to be funded by the HPC and those that would be expected to be delivered by Councils. This will ensure Council's aren't left holding the can for roads that they weren't expecting to delivery and set expectations to industry on WIK opportunities. Also... if there is a lack of clarity on the actual projects, then it would follow that there could also be issues with the timing and prioritisation of these projects by the various agencies. This makes a robust, evidence-based Urban Development Program (UDP) imperative.

Kick Start Information: Construction You'll regularly notice construction and maintenance projects around campus–they keep BCIT's buildings, grounds and utilities running smoothly. Please visit our campus notices page for major construction updates and upcoming closures or construction. https://lnkd.in/gZqPZuWh #BCIT #BCITCPF #BCITkickstart

MMC POLICY ASKS: With the General Election only a few weeks away, our director Trina Chakravarti has set out 4 key steps she wants the next Government to take around modern methods of construction (MMC):   👉🏾Publish high level MMC targets linked to quantity and quality outcomes. 👉🏾Recommit to a central body dedicated to research, training and promotion of MMC. 👉🏾Where appropriate, underwrite the risk of MMC contracts to inject confidence. 👉🏾Ensure MMC is a critical component of any new towns and settlements.   Read about the Government support we believe social housing providers need so they can build on their growing confidence in using MMC 👉🏾 Trina’s piece in Housing Today is here https://lnkd.in/eVTcpN7A   ❓And let us know your thoughts - what would your 4 asks of the next Government be around MMC?   💡 And if you want to find out more about the work Building Better and our procurement partner, Procurement for Housing are doing to support housing associations & local authorities to use MMC, you can find out more here: https://lnkd.in/eBBesPwV #MMC #offsite #offsiteconstruction #modernmethodsofconstruction #socialhousing #ukhousing #ukconstruction

The Government should spearhead the adoption of Modern Methods of Construction (MMC) or off-site construction through its direct build social housing programme, says Tasc and the Chartered Institute of Building in a new study. Read More: https://bit.ly/42mUqMY #ConstructionIreland #ConstructionIndustry #ModularHousing #MMC

From the CommSec report Oct 2023, VIC is in the lead! Economic activity in Victoria in the June quarter was 7.7 per cent above its four-year average level of output and equipment investment was at record highs, up 19.7 per cent on the decade average. Victoria remained in the top spot for construction work done, up 19.7 per cent above its decade average

This week the CMS CWR (click link here : https://lnkd.in/e-WPHsCf ) covers the following really interesting developments : 1. announcement of a £1.2bn bid for the House of Parliament; 2. £164bn planned infrastructure investment for the UK; 3. Surveys start for Brazil’s $1.8bn bridge; 4. New Super Bowl stadium design released; 5. World’s tallest 3D-printed tower set to be built in Swiss Alps; and 6. CMS comment on Government updates affecting ancient woodland

A lack of pipeline was given as reason to close several of the MMC manufacturers. A pipeline of 6,000 homes a year was a requirement I believe did one of the producers. Across the UK there are 1.5m substandard prefab or unconventionally built homes. They cost in maintenance an average of £4500 each year. Housing associations state. No strategy has put in place to remove those substandard homes. Those costs will continue to rise. With a strategic exit for the funds required to remove and rebuild those 1.5m homes, it not only removes those liabilities to maintain. It brings that pipeline. It brings about a substantial uplift in asset value. This much increased value comes back to the funders with profits goibg back to the original owners, that they can then invest into new modern sustainable social housing. A virtuous circle. #housing #mmc #landg #institutionalinvestors #esg #impactinvesting #growth #goodgrowth #positiveimpact

More government support needed for industry to meet MMC housing targets, expert tells peers. **** I fundamentally disagree! **** The link below is to the latest instalment in the Parliamentary Built Environment Committee – MMC: What’s gone wrong? (in housing) Tuesday 14 November 2023 Meeting started at 10.46am, ended 11.55am https://lnkd.in/dBJ4CZDv Building Magazine have highlighted this key question from the 1hr 10 min session. The reason I disagree that Gov needs to do ‘more’ is that we live in a capitalist society, not a communist society (well, supposedly). We already have 25% of social housing requirement, we have already lost £69m of taxes on investment (that we know off) and Gove already has a £1.5bn pot he couldn’t spend. Sufficient measures are already in place. Having a business case built on ‘if you build it, they will come’ or ‘if we build it, we will demand that government support us irrespective of increased costs, lack or architectural integrity or demand’ is just plain foolishness. I do not believe MMC housing should be in a standalone nanny state bubble, and neither can we compare the investment in sectors like steel where 100,000 people are employed. MMC volumetric housing is niche and at maximum in the next 5 yrs will not be worth more than £2bn per annum.    Going back to the presumption in favour of MMC, the following text in the presumption is ‘where it represents value for money’. If Volumetric suppliers are not able to provide value through equal or better for the same or less cost, then there is no reason for major housebuilders to buy the product. There is your business case! I do believe MMC housing will rise from the ashes its currently in driven by its value offer. But insisting that its tax payer funded is not value for the public purse. It’s worth watching the whole mtg, a timeline is as below: 10:51 Gov to champion 10:56 Deep Pockets 10:58 Value Chain – finally the right question has been asked, working with suppliers and developers I calculate the actual cost of the house is between 25% and 35% of the total cost of development. 11:02 Labour constraints 11:04 Business models – what went wrong at Ilka? 11:07 Social housing 11:10 Should we demand Cat 1 housing? 11:11 HE £69m loss with Ilka – where was the due diligence to protect public funds? 11:13 Warranty and Insurance 11:19 Regulatory control 11:27 MMC imports 11:30 Current industry not meeting standard and not enthusiastic about MMC 11:32 Force tighter energy performance requirements on developers 11:34 Is there need for Gov intervention. 11:38 Gov involvement in ‘Push Marketing’ and forced living. 11:46 MMC vs Trad housing design 11:47 Is it done better in Europe? (All views my own) https://lnkd.in/d-6m3maz

The general update is that the commercial construction industry will moderately do well. Overall the forecast looks good based on the FMI CIRT Sentiment Index report for the first quarter of 2024 and beyond. What is CIRT? "The Construction Industry Round Table (CIRT) is composed exclusively of approximately 115-120 CEOs from the leading architectural, engineering and construction firms doing business in the United States." (FMI CIRT Sentiment Index Report) #CommercialConstruction #EllipsisConstruction #FMI

📊 New research shows planning permission continues to plummet 🏡 The latest Housing Pipeline Report, produced by Glenigan in partnership with HBF, finds planning permissions for sites in 2023… 📉 Decreased 16% from 2022. 📉 Decreased 23% from 2021. 📉 Sit at a level half that of the annual permissions granted between 2015 and 2019. 📉 Dropped to the lowest level for any 12-month period since 2014. The year-on-year level of sites granted permission for 2023 is the fewest number of sites approved since records began in 2006. 🚫🏠 Take a look at the report's findings 👇 https://lnkd.in/gDqUj8Xa