Housing & Development

Housing & Development
ABC National

Construction Backlog Surges, Sets Record in Third Quarter, ABC Says

Providing more evidence of a strengthening economy, Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the third quarter of 2017, up 9.8 percent from the second quarter to the longest backlog reading in the eight-year history of the series. CBI is up by 0.8 months, or 9.2 percent, on a year-over-year basis.
NIBS

Three Years Later, OSCC Is Asking How Industry Uses Off-Site Construction Today

The National Institute of Building Sciences Off-Site Construction Council (OSCC) is conducting a new survey to gain an understanding of how the U.S. building industry has changed its use of off-site construction methods in the past three years.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel — House...

The House Financial Services Committee will vote next week on a bill – introduced by Congressman French Hill (R-AR) – that includes a provision to hold hostage the national Housing Trust Fund, a program that helps America’s lowest income seniors, people with disabilities, families with children, and veterans afford to keep a roof over their heads, until Congress passes legislation to reform Fannie Mae and Freddie Mac. While NLIHC looks forward to working with Congress to enact bipartisan housing finance reform legislation that ensures housing access and affordability for American families, it strongly opposes using critically needed housing resources for struggling families as a bargaining chip

Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son...

U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before U.S. District Judge Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, Cowart’s son and daughter in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of government funds which carries a maximum penalty of one year in prison and a $100,000 fine.
EPA

EPA backs Colorado’s plan to improve water quality with $24.9 million in water infrastructure...

The U.S. Environmental Protection Agency has awarded approximately $10.6 million in clean water infrastructure and $14.3 million in drinking water state revolving loan funding (SRF) to the state of Colorado to support key water infrastructure projects, including new and upgraded wastewater and drinking water plants to ensure clean drinking and surface water, better serve residents, increase efficiency and reduce pollution
ABC National

Buoyed by Healthy Economy, ABC Index Finds Contractors Upbeat

The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018.
NeighborWorks America

More than 2,000 community development professionals are expected to attend NeighborWorks Training Institute; inject...

An estimated $4.2 million boost is coming to the Washington, DC economy when more than 2,000 community-development professionals from around the country convene in the city for the NeighborWorks Training Institute Dec. 11-15.
Financial Services Committee

Subcommittee Meets to Continue Assessment of Sustainable Housing Finance

The Housing and Insurance Subcommittee held a hearing today to continue assessing views and perspectives on comprehensive housing finance reform. “Today was an important step towards reforming our housing finance system, credit enhancement, and credit risk transfers,” said Subcommittee Chairman Sean Duffy (R-WI).
Kennedy Wilson

Kennedy Wilson Represents Landlord in One of This Year’s Largest Restaurant Leases in DTLA...

Wilson, a global real estate investment and services firm, announced today that it has represented the landlord in one of the largest restaurant leases in Downtown Los Angeles this year, bringing the ground-floor retail space at mixed-use development 1000 Grand by Windsor to 100 percent occupancy.
EPA

EPA Continues to Collect Hazardous Household Materials in the U.S. Virgin Islands; Announces Upcoming...

The U.S Environmental Protection Agency is working with local governments and residents in St. Croix, St. Thomas, St. John, and Water Island, U.S. Virgin Islands to keep hazardous materials out of the environment and minimize the amount of waste going to landfills through household hazardous waste collection events
SEIA

Solar Industry Rallies Against Tariffs, For America First Plan at U.S. Trade Representative Hearing

Today in Washington, President Trump’s top trade adviser held a public hearing on the Section 201 solar trade case. The Solar Energy Industries Association (SEIA), solar companies, utilities and many others showed the Office of the U.S. Trade Representative (USTR) and the Trade Policy Staff Committee that tariffs on solar imports would deal a deep, self-inflicted wound to the American economy and help two foreign-based companies and their hedge fund investors.
HUD - U.S. Department of Housing and Urban Development

HOMELESSNESS DECLINES IN MOST COMMUNITIES OF THE U.S. WITH INCREASES REPORTED IN HIGH-COST AREAS

Homelessness crept up in the U.S., especially among individuals with long-term disabling conditions according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2017 Annual Homeless Assessment Report to Congress found that 553,742 persons experienced homelessness on a single night in 2017, an increase of .7 percent since last year.
HUD - U.S. Department of Housing and Urban Development

Project saves taxpayers $35 million – Shaves 18 months off construction time

U.S. Department of Housing and Urban Development Deputy Secretary, Pamela Hughes Patenaude will visit Puerto Rico this week to get a closer look at the island’s recovery from Hurricane Maria. Patenaude will be joined by members of HUD’s Disaster Recovery and Long-Term Housing Team.
AGC

SENATE TAX REFORM MEASURE HAS IMPROVED SUBSTANTIALLY BUT LACK OF INFRASTRUCTURE INVESTMENTS, TEMPORARY NATURE...

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in connection with the proposed Senate tax reform measure
DOI

Under Budget & Ahead of Schedule: Secretary Zinke Announces Full Funding to Repair Arlington...

U.S. Secretary of the Interior Ryan Zinke announced a $227 million project to rehabilitate Arlington Memorial Bridge, a historic and critical transportation link in the nation’s capital. As awarded, the project will save American taxpayers $35 million and 1.5 years of estimated construction time

Business Real Estate Press Releases

OldTownWindsor-HotHoodz

zavvie Reveals Colorado’s Hottest Neighborhoods with ‘Hot Hoodz’

What are Colorado’s hottest neighborhoods? Denver’s West Colfax and Chaffee Park are on the list, as are Old Town in Windsor, Downtown in Colorado Springs, and Keewaydin in Boulder. That’s according to December’s “Hot Hoodz,” released by zavvie, a national HyperLocal and social media real estate marketing startup based in Boulder.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

Committee Advances 13 Bills

This week, the Financial Services Committee approved 13 billson a range of subjects from economic growth, to consumer protection, to Native American housing and human trafficking. This week’s markup follows a very productive year for the Committee, which has held 54 subcommittee hearings