Developers can gain by adding Live Local affordable housing after construction begins, say panelists at ULI event
The Live Local Act is incentivizing some developers to add affordable housing units with below-market rents to buildings that are already under construction or completed, instead of doing so at the pre-approval stage of development, according to a panel of speakers at the Urban Land Institute’s Fort Lauderdale Forum. For example, the developer of The Arcadian, a 502-unit apartment project in Fort Lauderdale, is in the process of designating some of the apartments as affordable housing units under the state’s Live Local Act, which encourages the development of rental housing with below-market rents. The developer is Fort Lauderdale-based Fuse Group […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Fly-by-wire: Why AI governance is instrumentation, not insurance
Support starter homes, not looser lending or financial fixes
$20 Million Tennessee Compound Comes with a Music Studio, Helipad—and Its Own Wedding Venue
Frank Lloyd Wright-Inspired Home Tucked Away on 5 Wooded Acres Is Listed for $1.23 Million Near Portland
South Florida Dirt: A timeline of how Mana turned $70M into over $1B
Waterfront ‘Taj Mahal’ on Mississippi’s ‘Secret Coast’ Returns to the Market With $2.5 Million Price Tag
Four Seasons Targets Lake Austin for Its First Residential Complex, Defying Market Softness
How Craftsman Architecture Created a Highly Sought-After Style of Home To Rebel Against Mass Production
What’s next for housing: 7%, 8% or 9% mortgage rates?
REVEALED: All the Celebrities Who Have Flocked to Nashville in Pursuit of a Slower Life—and Fewer Paparazzi
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131