Sherman Associates’ Post

Shortened summary of some exciting studies, research and pilot programs of the awardees announced today by HUD: -Pilot programs on off-site construction. -Research of the impact of ADU legalization in California on rents and land values. -Research on the impact of state-level reforms on ADU development and fair housing. -Analysis of local zoning reforms' effects on housing costs and segregation. -Clarification of how building codes affect new supply and affordability. -Life-cycle cost analysis of disaster-resilient affordable housing. -Identifying Barriers to manufactured home placement. -Analysis of modular mass timber hybrid construction for sustainable housing. -Industrialized off-site construction financing. -Survey of ADU ordinances for best practices in implementation. -Study office to residential conversions in six cities, focusing on financial feasibility, policies, incentives, and creating an online guide for policymakers.

"Funds will fill critical knowledge gaps, help local leaders leverage off-site construction, land use and zoning reforms, and office-to-residential conversions to meet their housing needs." Hopeful this data will allow us to increase support to cities and towns for more infill and creative rehab or renovation to meet housing needs where utilities, transportation and services exist! #housingcrisis

👉 Change in the housing industry is not only possible – it's happening. Take a leaf out of the Fading West's book where modular construction is helping address the housing crisis in Buena Vista, Colorado. Are we looking at the future with modular homes? Share your thoughts!🔑🏘️ https://bit.ly/4bPdebD #HousingCrisis #ModularConstruction #CollaborateForChange

The U.S. housing crisis continues on, despite high rates of new, multifamily construction, reads a recent report from the Harvard Joint Center for Housing Studies. While multifamily housing construction has reached a 50-year high, the majority of units constructed remain unaffordable. As reported at Vice by Roshan Abraham, this increased supply should, theoretically, ease the pressure of rent growth, but preserving affordability remains complex based on local and regional challenges, resulting in a nation-wide decrease in affordable rental units. And though rent growth has slowed since its pandemic jumps, the number of affordable unit losses has yet to be replaced. Harvard Joint Center for Housing Studies #eviction #evictionprevention #Harvard #theapartmentlady #housing

Very specific tips on building affordable housing for Gen Z !!

Non-standardized and sometimes incomprehensible zoning restrictions have proven to be a formidable barrier for manufactured housing as we work to provide more people with affordable housing options. This is in stark contrast to the traction we've gained over the last few years, moving away from the “Not In My Backyard” (NIMBY) attitude of the early 2000’s to the “Yes In My Backyard” (YIMBY) legislation working its way through appropriate legal channels starting in 2020. Before we head to DC for the Innovative Housing Showcase next week, we wanted to help get everyone up-to-speed with the work the current administration is doing related to affordable housing and zoning regulations. As we see cities moving toward a wider acceptance of duplexes, triplexes and quadplexes on lots previously restricted to “single-family housing,” we’re also seeing a rise in manufactured housing being discussed as a solution to general affordability in urban areas. This article below breaks down the details of how manufactured housing can match demand for affordable housing with a supply that’s reliable, efficient and ready to go. #2024innovativehousingshowcase #affordablehousing #manufacturedhousing

Latest on Showhome: Tilia Homes provides new homes in Devon The housebuilder Tilia Homes Western has commenced work on a new development in Exeter which will bring 182 homes to Devon, a county that is facing growing issues over housing supply and affordability. A new Housing Commission was formed in the region earlier this year to look at the shortage of appropriate housing, with Devon County Council declaring that the county is facing a serious housing crisis. Brook Manor, situated in the quiet suburb of Alphington, will deliver a range of one to four-bedroom homes, with 30% of the development designated as affordable housing. Tilia Homes takes a fabric-first approach to the construction of its developments, putting energy efficiency at the heart of its properties, which will potentially be cheaper to run. Simon Perks, Regional Managing Director for Tilia Homes Western, said: “We place great emphasis on building the right homes in the right place in response to the needs of the local area. Therefore, we’re very much looking forward to seeing the works progress at Brook Manor. We recognise that Devon has specific housing needs, and are committed to constructing high quality homes that align with the preferences of prospective buyers, producing a development which has practicality, functionality and affordability in mind.” Read more here: https://lnkd.in/dqJw87fx #NewHomes #NewBuild #Housing #Property #Construction 

The Biden Administration's push for zoning reforms and embracing modular housing offers a significant opportunity for the real estate and AEC industry to address the affordable housing crisis. Modular housing, touted for its cost-effectiveness and quality, stands to revolutionize construction methods. As the administration aims to streamline regulations and incentivize smaller home sizes, companies like Aro Homes and Inherent Homes are poised to thrive, catering to diverse housing needs. The implications extend beyond housing availability, impacting workforce stability, regional economies, and urban development strategies. As the industry adapts to meet evolving demands, collaboration between policymakers, developers, and manufacturers will be crucial for sustainable growth. #AffordableHousing #ZoningReform #ModularConstruction #RealEstate #AECIndustry #ConstructionTechnology

Interesting…how will the international building code industry be impacted and what is their involvement in the structural review process. Will the structural integrity of the manufactured homes be in compliance with the INTERNATIONAL BUILDING CODE Standards m? I would like to see more information about this affordable housing strategy.

Over the past year, we've witnessed a remarkable shift in our industry. Many clients in the Multi-Family Construction sector are redirecting their focus from luxury apartments to Affordable Housing/Low-Income Housing Units. 🏘 A prime example of this trend is the recent grand opening of "Kapuso at Upper Yard," a $119 million Mixed-Use development in San Francisco's Outer Mission area. This project includes 131 units designed to serve low-to-moderate-income families. It's a testament to the growing demand for more inclusive housing solutions. We anticipate that projects like "The Kapuso" will become the new norm in the Bay Area and beyond. It's a fascinating shift, and it will be even more interesting to see how Multi-Family contractors adapt to this increased demand. Follow: Ryan DeSmith Follow: Tiello #buildingteamsfortomorrow #affordablehousing #multifamilyconstruction https://lnkd.in/gw6zMqnr