Community Development Digest

Trends

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U.S. Leads the World in Attracting Foreign Direct Investments

The amount of foreign direct investment (FDI) attracted by the United States is outperforming the global average by more than 13 times, according to a new study by UHY, an international accounting and consultancy network.

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Brookings Analyst Skeptical about Census Bureau’s Numbers

Arguably, the most significant number in the Census Bureau's new report is a surge in median household income, which increased $2,800 (or 5.2 percent) between 2014 and 2015. Median income fell in six out of the previous seven years, so last year’s big gain was a striking contrast to a lengthy string of gloomy reports. But Brookings Institution Senior Fellow Gary Burtless suspects the reported income gain in 2015 may be a little too good to be true.

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Aging in Place Made Possible via Home Modifications

Aging Baby Boomers are fueling the residential remodeling industry by choosing to age in place. Many elderly people are making home modifications to make aging in place possible.

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U.S., Switzerland Ink Agreement on Organic Products

The United States and Switzerland have entered into an agreement that allows organic products certified in either country to be sold as organic in either country. The organic equivalency arrangement between the two nations is intended to streamline organic trade, strengthen organic agriculture and support jobs and businesses on a global scale, say officials at the Department of Agriculture (USDA).

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Multi-Housing Development Continues Upward

The number of apartments in the portfolios of the NMHC Top 50 managers rose to an all-time high, just short of 3 million. Notably, all five of the biggest NMHC Top 50 owners specialize in affordable housing.

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Civic Group Offers DYI Toolkit to Enhance 'Walkability'

Walk Your City, a group promoting more "livable" cities, is field testing a new online toolkit designed to help localities develop strategies aimed at encouraging people to exercise by walking in their cities.

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Florida Subsidized Housing Rescue Mapped

The Florida Community Loan Fund (FCLF) unveils plans to rescue multifamily rental housing at risk of being converted to market rate rents, which would force out low-income residents.

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Philly-Based Developer Honored for Multifamily Housing

Pennrose Properties LLC, a Philadelphia-based multifamily and mixed-use developer, has received two separate awards in one of the nation’s most prestigious competitions.

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Apartment Market Continues Strong Growth

The U.S. apartment market continues its amazingly strong year in July, as effective rent growth increased once again, occupancy remained steady and fewer concessions were offered.

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Housing Starts, Building Permits on Upswing

A dramatic increase in housing starts coupled with a hike in building permits and builder confidence numbers provide positive signs that the overall housing market is on a continued upswing however slowly and despite occasional glitches.

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