Affordable Housing

H.J. Russell & Co.

Imagine that you’ve enjoyed your home for decades: your kids’ growth charts are on a doorframe in the kitchen, you know your neighbors, and your favorite restaurants all know you by name and order. The neighborhood isn’t what it used to be, but it’s your home. Within a matter of years, a wave of new […]

07 / 10 / 20

Affordable housing

affordable housing Jersey City

Mixed-Income Housing

As the demand for affordable housing continues to rise, local governments form unique partnerships to fill the need with efficiency and quality. Three Jersey City governmental agencies and two Yardi clients have joined forces to execute Bayfront Redevelopment Plan which includes the largest mixed-income housing development in the Tri-State region. A clean slate The significance […]

07 / 08 / 20

Affordable housing

creating economic stability using mixed-income housing

Building Economic Resilience

Is it possible to shorten the fallout of an economic crisis? Researchers at the University of Maryland believe it’s possible. Preventative measures can mitigate the impact of economic downturns by creating neighborhoods that are naturally resilient to variances in economic performance. Diverse neighborhoods, researchers propose, can decrease the rate of foreclosures and sales before and […]

07 / 03 / 20

Affordable housing

Creating Comunidad

Even before the COVID-19 pandemic, Antonio Marquez’ Comunidad Partners’ properties in Sunbelt markets throughout the U.S. were standouts in the affordable housing sector. Not only did they offer safe and affordable residences for families, but residents of the portfolio’s approximately 10,000 units could take advantage of after school programs, health and wellness classes, financial literacy […]

06 / 28 / 20

Affordable housing

Compliance While Distant

The uncertainty caused by the COVID-19 pandemic affects affordable housing providers in many ways. Missed rental income, difficulty documenting residents’ eligibility and ensuring compliance with a suddenly remote team are just three of the challenges faced by the industry. Thankfully, there are assistance resources that can help alleviate the discomfort of change and uncertainty. Yardi […]

05 / 15 / 20

Affordable housing

Improve Value

By now, you’ve heard about low income housing tax credits (LIHTC). LIHTC can boost revenues up to 9% and offset up to 80% of project costs. But the program brings its own fair share of risks, headaches and complicated paperwork. If you’re considering this funding option for your next project, there are 4 things you […]

03 / 19 / 20

Affordable housing

Answering the Call

Yardi client CommonBond Communities entered 2020 with good news. The St. Paul-based developer reported that four transactions will create 267 affordable homes and renovate of 101 units. These additions brought the 2019 total to a record-breaking 925 housing units at an average cost of $191,000. The cost will include renovation and new construction. With the […]

03 / 04 / 20

Affordable housing

Avoiding Coliving Pitfalls

As a junior, I lived in the Creative Writing Theme House at Agnes Scott College. A beautiful five-bedroom house just outside of campus gave students an opportunity to live and work with like-minded peers. I loved the experience: group meals and activities, weekly poetry readings, and the ability to workshop my short stories with people […]

02 / 05 / 20

Affordable housing

Making History

Dorothy Day Place, owned and operated by Catholic Charities of St. Paul and Minneapolis, has made history. With 370 permanent supportive homes and 356 emergency and medical respite beds, it’s one of the largest affordable housing projects in the state. The project is also the largest public-private partnership involving housing in Minnesota history. Dorothy Day […]

01 / 14 / 20

Affordable housing

RightSource Compliance

Yardi announced this week the acquisition of RightSource Compliance, a Minneapolis-based software consultant and developer that improves the technology experience for affordable housing providers and provides standout compliance solutions. RightSource has developed a successful software solution to assist clients with meeting complex federal and state affordable housing regulations. RightSource software serves affordable housing providers in […]

01 / 08 / 20

Affordable housing

Yardi Matrix

Affordable housing advocates hail New York state’s Housing Stability and Tenant Protection Act of 2019 as a life raft for renters in more than 1 million apartments in New York City alone. Other observers, however, regard it as a minefield that will eliminate incentives for building upkeep, remove housing stock from the market, and drive […]

08 / 01 / 19

Affordable housing

sidewalk labs toronto

Chic. Cozy. Smart.

Sidewalk Labs, the urban innovation organization of Alphabet, Google’s parent company, has plans for a new neighbourhood in Toronto. The 800-acre site, Quayside, will be the first of its kind. The Neighbourhood Hip innovation and practicality combine on the streets of Quayside. “Torontonians want more affordable housing, faster ways to get around the city, safer streets […]

07 / 23 / 19

Affordable housing

Scalable Growth

During the recent Yardi Forum for senior living and affordable housing, we sat down with Brandon Carter, director of information technology at Wallick Communities. Brandon has a wealth of knowledge about products from the Yardi Senior Living and Yardi Voyager Affordable Housing suites, and we were thrilled to speak with him in person. Wallick owns […]

05 / 29 / 19

Affordable housing

Project HOME

If you’ve ever heard of rocker Jon Bon Jovi’s philanthropy on behalf of a Philadelphia non-profit that creates permanent housing and support resources for the city’s homeless population, that was Project HOME. The HOME stands for Housing, Opportunities, Medical and Education. It makes sense that Housing is first in the list, because many homeless advocates […]

05 / 26 / 19

Affordable housing

HUD Holidays

Who doesn’t enjoy back-to-back holidays, even if they are unknown outside of those who work on affordable housing? The Yardi PHA and Affordable Housing teams in Santa Barbara are furthering the trend of personalized holidays this week. The subject of their celebration? HUD forms 50058 and 50059. Forms 50058 and 50059 are often abbreviated to […]

05 / 10 / 19

Affordable housing

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