Cherry Creek Perspective

JRES Intelica CRE > Cherry Creek Perspective > Cherry Creek Perspective – September 2021

Welcome to Cherry Creek Perspective – monthly news of mobility-related and affordable housing real estate throughout the Denver-metro area, and news of real estate, public sector and economic developments in the southeast Denver – Glendale area, relying in part on articles published in Real Estate Perspective.

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Each business day for Real Estate Perspective, the JRES staff reviews all Denver metro area wide and local newspapers, trade journals, government websites, blogs and other sources for commercial and residential real estate and economic news. News items are condensed into easily readable summaries providing all of the essential facts for the Real Estate Perspective newsletter. And Apartment Perspective, provides a detailed update of Denver metro area apartment rental, vacancy and development/construction activity including proposed projects.

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OPPORTUNITIES

 

Doors Open Denver 2021 – Virtual Tours, In-Person Tours + Archival Tours

September 27 through October 17

Featuring 10 sites never before offered during DOD, iconic and unique spaces in Denver, Boulder and Colorado Springs: Loretto Heights Pancratia Hall, National Center for Atmospheric Research Mesa Laboratory in Boulder, U.S. Olympic & Paralympic Museum in Colorado Springs.  Easily participate in more than one virtual tour, and even experience them ALL if you like.

mailchi.mp/denverarchitecture/doors-open-denver-tickets-on-sale-for-virtual-tours-in-person-tours-archival-tours-1647216?e=5568619fd1

Rail~Volution 2021 

October 19-21, 2021 – on-line

Where transit, mobility and development meet.

Learn innovative approaches to transit & multimodal investments, transit-oriented development (TOD) and community-led processes. Fire up the know-how in your area of expertise. Put your work in a cross-sector, community-first context.

railvolution.org/the-conference/conference-information/

 

The Global Real Estate Project is an undertaking of the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver’s Daniels College of Business, and directed by Dr. Mark Lee Levine, Professor and Endowed Chair. Our goal is to provide students, investors, and the general public with the tools they need including free tax and real estate tips to research real estate opportunities both domestic and abroad.

For information on Free Tax and Real Estate Tips, see the following Levine link, which will also connect you with the Global information.

www.markleelevine.com/

 

Southeast Denver Elected Officials Online Town Halls

Join Denver city council members, state representatives, school board representatives, and RTD board members for a Virtual Town Hall.

Bi-weekly on Thursdays  – 4:00-5:00 PM 

www.denvergov.org/content/denvergov/en/denver-city-council/news/2020/council-members-host-town-hall-meetings.html

 

Work From Home Resources

Offering employees more choices for how and when they work can be key to ensuring business continuity and emergency preparedness for your workplace. We have compiled some resources for you to help quickly start or refine work from home options for your workforce. Transportation Solutions is a transportation management association that makes things happen.

www.transolutions.org/

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AFFORDABLE HOUSING

Biden’s Affordable Housing Plan Would Mean a Major Expansion of the LIHTC Program

The proposed expansion would represent an increase of roughly 587 percent to the program’s current size. – The American Jobs Plan proposes an additional $55 billion in low-income housing tax credits (LIHTC), along with a $94-billion investment in housing subsidy programs that pair with LIHTC. – With these efforts, the Biden administration aims to create 100,000 affordable homes across the nation over the next three years.

https://www.wealthmanagement.com/multifamily/biden-s-affordable-housing-plan-would-mean-major-expansion-lihtc-program

How the US made affordable homes illegal

Strong Towns reports that Vox does a great job of taking a confusing, oftentimes boring subject, and making it visually interesting and easy to understand. In this video, they look at housing and why it is so hard to find affordable housing in so many cities across the U.S. I found the video to be both comprehensive and honest about the issues with housing supply. It also gives interesting solutions to the affordable housing shortage.

https://www.youtube.com/watch?v=0Flsg_mzG-M

Can Churches Help to Ease the Affordable-Housing Shortage?

Houses of worship can be frustrating, sometimes almost impossible, to work with. Members tend to be elderly and get stuck on what their church, synagogue or other house of worship used to be, not on what it currently is. Convoluted management structures are common in the religious world, meaning that a congregation, pastor, trustees, bishop and sometimes even a regional body may need to be on board to approve a sale or redevelopment project.

https://www.governing.com/community/can-churches-help-to-ease-the-affordable-housing-shortage

Mobile Home Parks Becoming Unaffordable as Investors Buy Up Properties

Known widely as “mobile” homes, manufactured homes, in fact, rarely move. The cost to relocate a mobile home runs from $5,000 to $10,000, a price point unaffordable to most owners. “In the past few years, hundreds of parks have been bought up by big corporations” looking to make bigger profits. As rents go up, the park’s value rises, and “the investor then refinances the mobile home park and takes out a big loan” at a low interest rate–largely thanks to federally backed Fannie Mae and Freddie Mac loans. Despite their stated goal of helping more people afford homes, these agencies provided over $5 billion in government-backed loans to big mobile home park investors last year alone.

https://www.planetizen.com/news/2021/09/114607-mobile-home-parks-becoming-unaffordable-investors-buy-properties

What we talk about when we talk about gentrification

Taken all together, it becomes clear why we focus on gentrification while the unseen culprits (segregated enclaves) are able to avoid controversy: Gentrification is the most visual manifestation of inequality in urban life. “Gentrification is a cultural sphere to work out feelings of resentment around inequality. … Those feelings aren’t to be discounted,” Gottlieb argues. “This is a manifestation of a long-running sense of ‘I am not welcomed in the city, I don’t have a right to the city.’ Sometimes those feelings can be worked out in the cultural terrain of gentrification, even indeed if the people moving in aren’t the proximate cause for them leaving.”

https://www.vox.com/22629826/gentrification-definition-housing-racism-segregation-cities

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