October 22, 2015
- The Cornerstone Partnership has developed the Inclusionary Calculator, which “allows users to model a real or hypothetical housing development and then add affordable housing requirements in combination with different development incentives.” The Antlantic Citilab has argued that this tool shows that affordable housing is not only feasible but also profitable, almost anywhere. This fact, they argue, makes the decision on whether or not to develop real estate in an inclusionary fashion a moral choice and not an economic one.
- Congratulations to the Empire Community Loan Fund, one of the largest not-for-profit loan funds and Community Development Financial Institution (CDFI), which has been selected for inclusion in the Impact Assets 50 (IA50). The IA 50 is an annual showcase of Impact Investment Fund Managers. The Empire Community Loan Fund issues debt instruments to support affordable housing development, among other things.
- Harvard’s Joint Center for Housing Studies’ Remodeling Futures Program has released it’s Lead Indicator of Remodeling Activity (LIRA) for the Third Quarter of 2015 in which it predicts annual spending growth for home improvements will accelerate from 2.4% last quarter to 6.8% in the second quarter of 2016. The next LIRA release date is January 21, 2016.