6 Reasons Why the Real Estate Industry Needs to Start Embracing Modern Technology
Like many older industries, there is a lot of resistance in real estate to adopting and utilizing new technologies. This attitude not only hurts the industry's growth potential but also negatively affects property owners and renters, who are the real estate industry's biggest clients. With the advancements in AI, the CRE industry is due for an upgrade. Take a look at what this could mean.
Entrepreneur • May 01, 2023
Build in the Suburbs, Solve the Housing Crisis
Many in New York hoped that the final version of the state’s $229 billion budget would include provisions to prevent cities and towns from limiting themselves exclusively to the construction of single-family homes. However, the Governor's Housing Compact plan was abandoned when it proved too controversial to keep budget negotiations with the Legislature moving along. Read about what this missed opportunity could cost the state.
The New York Times • May 12, 2023
HUD announces more than $837 million to improve housing quality and reduce energy costs for underserved communities
The U.S. Department of Housing and Urban Development (HUD) announced the availability of new funding through the Green and Resilient Retrofit Program (GRRP) to reduce greenhouse gas emissions and improve the energy and water efficiency and climate resilience of HUD-assisted multifamily properties serving low-income residents. Take a look at the full press release below.
HUD Press Release • May 11, 2023
WA governor signs series of bills to address housing issues
On May 8th, Washington state Gov. Jay Inslee (D) signed a series of bills into law that are designed to address the state’s housing issues, relating particularly to supply and housing affordability. Included in the package is a bill that lifts the zoning restrictions on certain types of multifamily properties, called “middle housing,” in areas zoned for single-family housing. Another allows for easier accessory dwelling unit (ADU) permitting and construction within the state
HousingWire • May 09, 2023