Arbor is proud to have planted thousands of trees in the past 40 years – more than 13,000 in the past two years alone – and we’re still going strong. Since day one, Arbor’s focus on community-building, which grew from the forward-thinking vision of Founder, Chairman and CEO Ivan Kaufman, has defined the company’s direction and driven its philanthropic activities.
Even with concerted public and private initiatives, the affordable housing shortage has persisted in cities and communities across the U.S. Arbor’s Affordable Housing Trends Report Spring 2023, developed in partnership with Chandan Economics, analyzes the challenges and assesses the outlook of a sector that has gained more investor attention amid growing economic headwinds.
Freddie Mac multifamily loans provide customized, innovative multifamily financing solutions for use in the purchasing and refinancing of properties with rentable housing units. From Small Balance Loans to Floating-Rate, commercial real estate borrowers can benefit from excellent terms and conditions. Among a wide range of Freddie Mac options available through Arbor, these five loan programs have key advantages worth considering.
Founded in 2017, Project Destined has a mission to transform underrepresented young people into owners and stakeholders in their own communities. Today, it works with more than 2,500 students per year from over 350,000 colleges, universities, and high schools in more than 35 markets across the U.S., Europe, and Canada. Through its internship programs, Project Destined molds the next generation of real estate leaders by giving them an opportunity to directly interact with today’s leaders. For the last two years, Arbor employees have volunteered with Project Destined and received much more in return than they ever would have expected.
A new update to Freddie Mac Green Advantage®, an attractive loan program in a rising interest rate environment, has added new incentives to going green to more multifamily borrowers than ever before. Freddie Mac recently announced a 15 bps pricing benefit to borrowers on top of any affordability benefits currently offered. At the same time, all previous affordability requirements were lifted, opening to door to more investors seeking to improve the sustainability of our communities.
Arbor Senior Vice President, Special Projects, Governance and Risk, Leah Fisher was the 2023 sole honoree at the second annual Family & Children’s Association (FCA) Long Island Women in Philanthropy breakfast and fashion show on March 30 at The Mansion at Oyster Bay in Woodbury, New York. Ms. Fisher gave a keynote speech at the event that encouraged attendees to get involved in their communities.
While the 2008 financial crisis prompted a cyclical shift in U.S. housing — impacting everything from home prices to who can qualify for a mortgage — an equally impactful demographic change was just taking shape. The unprecedented wave of Baby Boomers that began retiring would disrupt the balance of the housing market.
As secondary and tertiary markets continue to gain parity with larger primary cities around the nation, they offer investors a significant potential for return on investment, even as the U.S. and global economic landscapes face notable headwinds.
In the years leading up to and through the onset of the pandemic, growing demand for single-family housing and the emergence of the single-family rental sector (SFR) has reshaped the residential landscape in the U.S. But as SFR’s share of rental households expands, its share of all single-family homes remains balanced.
Following record gains last year, the housing market may have reached an inflection point. Rents are surging nationwide as a supply/demand imbalance leaves renters and would-be homebuyers with fewer housing options. However, The Joint Center for Housing Studies at Harvard University contends in The State of the Nation’s Housing 2022 that the current torrid pace of the market might be ready to ease up, with a record number of new units under construction.
Fannie Mae and Freddie Mac have pledged to expand their lending efforts to help improve Americans’ access to manufactured housing, affordable housing, and rural housing in recent updates to their Duty to Serve Underserved Markets Plans.
Apartment NOIs were up nearly 20% year-over-year through Q1 2022. A trio of Florida markets led the country in annual NOI growth, while New York and Phoenix trailed closely behind.
Federal, state, and city policymakers are now utilizing zoning reforms in initiatives that encourage the development of affordable housing.
In many parts of the U.S., a supply/demand mismatch is pushing rents higher at a time when interest rate hikes are causing some would-be home buyers to consider delaying ownership.