Let’s talk about the concept of mixed-income development. Sometimes mixed-income projects are viewed as the first step toward displacement or gentrification. And to be honest, these fears are not entirely unfounded. The introduction of mixed-income developments was the first step in many rapidly gentrifying areas, followed by luxury housing and upmarket conversions that lifted … [Read more...] about The poverty trap.
Community
Revitalization strategist to barista.
"Nobody should have to move out of their neighborhood to live in a better one." Majora Carter is an American urban revitalization strategist and broadcast producer/host from the South Bronx in New York. Her career has spanned environment, economy, social mobility, and real estate development. Her work has won major awards in each sector including a MacArthur 'genius' … [Read more...] about Revitalization strategist to barista.
Crushing urban innovation.
Institutional lenders have their place when it comes to commercial real estate finance. They are the primary source of loans for real estate projects and they offer a wide array of business and development-oriented services as well, all of which are definitely needed. But traditional lenders are not particularly well-suited to solving development challenges in a rapidly … [Read more...] about Crushing urban innovation.
Closing loopholes for better neighborhoods.
Unfortunately, loopholes are far too easy to find in the real estate development industry. They are hiding in plain sight in lots of places. Taxation, zoning, affordable housing programs or even government incentives jointly provide an abundance of loopholes and unscrupulous developers will find a way to take advantage of them. For many years, unethical, or at the very least … [Read more...] about Closing loopholes for better neighborhoods.
Greenfields are boring.
Adrian G. Washington is the founder and CEO of Neighborhood Development Company (NDC). Their mission is to develop exciting residential and commercial properties that cultivate vibrant communities. What does that mean? And how does a developer do that? Well, that's what Adrian and I talk about so listen in. Adrian has over 30 years of experience in urban real estate … [Read more...] about Greenfields are boring.