Thrive Communities’ Post

BlockChange Louisville had a minor setback as one of our properties in West Louisville fell out of contract due to an appraisal short fall. We are disappointed for the first-time home buyer whose home ownership journey just got deterred. It is frustrating to see the linger effects of redlining continue to hinder redevelopment in West Louisville. We are trying to promote home ownership one property at a time with intentional community-based redevelopment plans. I plead with Louisville Metro Government to get serious about the blighted properties in West Louisville which are holding back community redevelopment. Craig Greenberg and Pat Mulloy this problem is not going to solve itself without some real energy and emphasis on the vacant and abandoned homes issue. It is nice to see affordable housing projects get funded but West Louisville also needs Home Ownership which will spur additional investment in the community. The time to act is now. I plan to spotlight this issue until there is meaningful action by City officials. I welcome others to support this effort. #BlockchangeLouisville #WestLousiville #Community #Homeownership

Congratulations to CCRC-financed development Cornerstone Sacramento! Sacramento Business Journal has named Cornerstone Sacramento one of the Best Real Estate Projects of 2024, citing the creativity of its development and positive effect on the community. With the multifamily units partially funded by CCRC, Cornerstone was built as a partnership between Habitat for Humanity of Greater Sacramento and Mutual Housing California. 108 affordable rental units and 18 Habitat homes will provide much-needed support to vulnerable Californians in Sacramento. The level of economic resilience that is provided when intense rent burdens are taken off the backs of low-income households strengthens individuals and communities alike. Beyond awards, Cornerstone Sacramento embodies a vision for California’s future—one where creative, intuitive living communities are designed with inclusivity and sustainability in mind. This development serves as a model for the kind of thoughtful development that will uplift and empower diverse populations across the state, while promoting long-term growth and well-being. CCRC remains committed to that future. #affordablehousing #CornerstoneSacramento https://lnkd.in/gr8igzVy

Zachary Schamp, CFA, recently sat down with Keith Loria of Multifamily Dive to discuss why Greystar is doubling down on the California market. "We are big believers in the California market and are committed to bettering the communities we operate in." With demand far outpacing supply, the opportunities for growth are immense, and Greystar is at the forefront of shaping the future of housing in the Golden State. Curious to know more? Read the full story to learn how we’re making an impact: https://lnkd.in/g9YK-D6R #RealEstate #California #Development #HousingMarket #Greystar

At TraceRent, we deeply appreciate the multifamily home owners who redefine the traditional concept of 'landlords'. These Housing Providers are dedicated to creating vibrant, welcoming communities that residents are proud to call home. Our Housing Providers go beyond merely offering a place to live. They enrich their properties with amenities, foster a sense of comfort, and build a genuine sense of belonging. By doing so, they elevate housing from a basic need to a fulfilling experience, contributing significantly to the well-being of their residents and the broader community. Providing housing is not just a profession; it is a noble calling. It is about creating safe, beautiful spaces where families can thrive, individuals can grow, and communities can flourish. We at TraceRent are happy to support these extraordinary organizations in their mission to make a positive impact on people's lives. CAPREIT Deveraux Group of Companies Leston Holdings JEMM Properties LP Avenue Living Communities Drewlo Holdings Minto Apartment REIT Strategic Group Northview Residential REIT QuadReal Property Group #HousingProviders #CommunityBuilding #TraceRent #NobleProfession #CreatingHomes

Built-Up With Mostly Single-Family Housing and Some Multifamily Buildings #winhometeam #minnesotarealestate #minnesotarealtor #kellerwilliamsrealty #kellerwilliamsagent #investinrealestate

Effective communication from a property manager to a tenant in multifamily properties is crucial for fostering positive tenant experiences and maintaining tenant satisfaction. Clear and timely communication regarding maintenance, rent payments, community events, and policy updates helps build trust, minimize misunderstandings, and create a sense of community within the property. #inabnetbrand #inabnetpropertymanagement

"Two years after an ambitious multifamily project was revealed out of a conservatorship dispute, Texas-based Fountain Residential Partners is finally scheduled to present its plans for a 254-unit multifamily development on Fifth Avenue along the Uptown corridor. Materials for the March 19 meeting of the Pittsburgh Planning Commission include a briefing on the new project. Planning agenda materials for the proposal site the project in the Crawford-Roberts neighborhood of the Hill District but the development firm has worked closely with Uptown Partners of Pittsburgh to see the project for a location along Fifth Avenue with the goal of serving as a Transit Oriented Development for the Bus Rapid Transit system under construction to run through the Uptown corridor." NOTE: The Fountain Residential team has not engaged with the DRP, the Hill District's unified and comprehensive community review process. As such, we have been unable to provide community feedback or offer support or guidance on the project. Additionally, the rates of affordability for the development reserve 5% of the housing for 80% of Area Median Income (AMI). Stay tuned for more updates as the development moves forward. Read more here:https://ow.ly/RSpv50R1oxm

Have you ever been so upset about a change in your neighborhood that you tried to tear down a house? That's exactly what one community did after the construction of a house that was much larger than its neighbors. We know that change can be off-putting, but it can be a good thing, too. Large houses offer important flexibility in housing options, like multigenerational or multifamily living. So before picking up the pitchforks, consider what benefits your neighborhood's change could bring. Get the whole story: https://hubs.ly/Q02CJ7kc0

Arguably, the best model for these communities—what we’ve trademarked as “Built-for-Rent”—is one that is functionally integrated, where communities are well-located, offer superb amenity packages, are professionally managed on site, and, ultimately, are treated and operated like a traditional apartment business. As an industry, we must strive to follow this model toward lasting community value.

Our latest update to the Multifamily Insights series brings two new community plan areas: South LA and Southeast LA! 🏘️ Interesting changes from last week's report: fewer units entitled, more focus on ED1 affordable projects, and a noticeable drop in parking availability. 🔍 Key Takeaways: Only 34% of South LA units have parking, while Southeast LA sits at 27%. Compare that with Wilshire (82%) and Hollywood (73%). 60-70% of all South and Southeast LA units are affordable housing. ED1 applications have been a driving force, making up over half of all approved projects in these areas since 2020. Check out the link below to explore insights from all areas. https://lnkd.in/gmMCpBeH #MultifamilyInsights #realestate #LAhousing