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Community Development Digest

Housing

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New Residential Sales for March 2015

Sales of new single-family houses in March 2015 were at a seasonally adjusted annual rate of 481,000, according to the latest estimates released jointly by the Department of Housing & Urban Development (HUD) and the Census Bureau.

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Next-Generation Seniors Community Breaks Ground

Celebration Village is a state-of-the-art, next generation community created to provide older adults an upbeat lifestyle promoting a culture of growth and successful aging. The community includes 114 Independent, 44 Concierge, 55 Assisted Living and 31 Memory Care Apartments on location.

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HUD Offers Trust Fund Implementation Guidance

This is a new affordable housing production program that will complement existing federal, state and local efforts to increase and preserve the supply of decent, safe, and clean affordable housing for extremely low- and very low-income households, including homeless families.

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Grandbridge Facilitates $21.2M Seniors Housing Acquisition

Located in the Phoenix MSA, the community will provide for aging in place with a mix of independent living, assisted living and memory care and will offer residents numerous amenities that include an on-site salon, spa with massage services, library, fitness classes, private dining room and additional common room amenities.

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Billions More Paid In Rent In 2014

Americans paid $20.6 billion more in rent in 2012 compared to 2013 as average rents in cities escalated during the year.

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New Residential Sales for November

Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate of 438,000, according to the estimates released jointly by the Department of Housing & Urban Development and the U.S. Census Bureau.

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Residential Construction Activity for November

The Department of Housing & Urban Development (HUD) and the U.S. Census Bureau announce the following new residential construction statistics for November 2014:

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City Nixes Low-Income Housing Plan

Officials in Amherst, NY reject a plan by a Cleveland, OH-based developer to buy and rehabilitate a low-income apartment complex in the Buffalo suburb with low-income housing tax credits.

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New Residential Construction Stats for September 2014

The Department of Housing & Urban Development (HUD) and the Census Bureau announce new residential construction statistics for September 2014:

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Nationís Apartment Market Earns Healthy 4.0% for 3Q

There's good news for multi-family housing developers. The nationís apartment market continued to gain strength in the third quarter of 2014.

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