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July 13, 2023

More Multifamily Owners Discovering One Of HUD's ‘Best-Kept Secrets’

Hear From L&L's Robert Israel On The New TSX Broadway's 550K SF, 46-story Tower July 25

Robin Valentine struggled financially for years as she lived in subsidized housing in Boston's Dorchester neighborhood with three children she raised on her own.

Despite having a stable job working for the University of Massachusetts Boston for nearly two decades, she found it hard to keep up with bills and debt payments. That all changed after she was introduced to a little-known federal program that would ultimately help her save tens of thousands of dollars and get out of subsidized housing.

More Multifamily Owners Are Discovering One Of The ‘Best-Kept Secrets’ Of U.S. Housing Policy

“I didn’t want to be on Section 8 forever,” Valentine said. “It felt good to save money and have control.”In her first five-year period in the Family Self-Sufficiency program, she saved $11K that she used to pay off her student loan debt and other bills. She then re-enrolled and was…

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McKinsey: 'Moderate' Scenario Would See $800B In Value Erased From Major Office Markets By 2030

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The pandemic’s lingering effects could drain $800B in real estate value by 2030 in major global cities, largely due to companies’ inability to get workers back to the office full time, according to a new study by consulting giant McKinsey & Co. Office attendance remains 30%…

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