article thumbnail

Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Real Estate Investment Trusts (REITs) are owners, operators, and financers of income-generating real estate properties. The primary purpose of a REIT is to generate income for its investors through rental income, capital gains, or both. As such, it may lead to higher rental income and property values.

Income 216
article thumbnail

Affordable Housing That LEEDs in Being Green and Sustainable

Pro Builder

Affordable Housing That LEEDs in Being Green and Sustainable. Construction of the project was financed with Affordable Housing Tax Credits , which require use of healthy materials and finishes. The project was developed and designed by Norstar Development USA and Sustainable Comfort. All photos: Sustainable Comfort). . .

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. The developer may also be responsible for arranging to finance the project, which can consist of a combination of equity and debt.

article thumbnail

What's next for affordable housing in 2024?

BD+C

We’re seeing affordable housing in a variety of scales and types, with increasing emphasis on sustainable design—from Passive House design to sustainably sourced material selection. This is part of what it means to build a sustainable, resilient, and equitable community. And how are people responding?”

Housing 105
article thumbnail

How Detroit’s New Land Value Tax Plan Could Serve as a Model for the Nation

Pro Builder

Unlike income, property, and sales tax, a land value tax supports sustainable economic growth. Detroit may be the most extreme example of a city that has been unable to sustain economic growth, so if a land value tax works in Detroit, more cities will likely follow suit.

Detroit 52
article thumbnail

Model Sustainability and Green Building Initiatives for a More Verdant City and Town

Green Building Law Update

A package of local government bills introduced on January 29th aim to ensure that Montgomery County, Maryland remains at the sustainability forefront. Bill 6-14 would create an Office of Sustainability. County Green LEED Local Government Sustainability building v4' The County Council in all Democrat and very Blue.

Green 136
article thumbnail

Zillow Predicts Affordability Issues for Renters by End of 2021

Pro Builder

If current rent and income growth trends continue, Zillow says some of the most affordable metros will become the least affordable and many renters will become newly housing-cost burdened by the end of the year. The threshold for which a resident is deemed “housing-cost burdened” is if they pay more than 30% of their monthly income.

Income 52