Concentric Community Advisors

We’re excited to celebrate the groundbreaking of The Oaks, a new affordable housing development in partnership with Allen Harrison Company and Houston Housing Authority, located at 9360 N Sam Houston Pkwy E, Humble, TX. This 4-story, Class A apartment community will bring much-needed housing options to the area, combining the tranquility of an exurban setting with easy access to the city's conveniences. The Oaks will feature a wide array of amenities, offering residents a peaceful retreat without sacrificing urban proximity. Another fantastic example of the impact of public-private partnerships! Let’s get building! #ConcentricCommunityAdvisors #PublicPrivatePartnerships

We’re excited to celebrate the groundbreaking of The Oaks, a new affordable housing development in partnership with Allen Harrison Company and Houston Housing Authority, located at 9360 N Sam Houston Pkwy E, Humble, TX. This 4-story, Class A apartment community will bring much-needed housing options to the area, combining the tranquility of an exurban setting with easy access to the city's conveniences. The Oaks will feature a wide array of amenities, offering residents a peaceful retreat without sacrificing urban proximity. Another fantastic example of the impact of public-private partnerships! Let’s get building! #ConcentricCommunityAdvisors #PublicPrivatePartnerships

?? Celebrating a Milestone: The Grand Opening of Columbia Senior at 2100 Memorial! ?? We're thrilled to announce the grand reopening of Columbia Senior at 2100 Memorial, a remarkable 197-unit community located near the scenic Buffalo Bayou. This project is more than just a place to live—it's a vibrant community designed with the comfort, safety, and well-being of our senior residents in mind. This community is a great example of the power of public-private partnerships. Congratulations to all! Houston Housing Authority Columbia Residential U.S. Department of Housing and Urban Development Texas Department of Housing and Community Affairs City of Houston Housing and Community Development Department Block Companies, LLC Wells Fargo Citi #GrandOpening #CommunityLiving #SeniorLiving #3P #BuffaloBayou #ConcentricCommunityAdvisors #PublicPrivatePartnerships

From HousingWire the big qualifier in this article is, "...large contingents of the population..." This is research in progress, however, we expect to find that "rising tides don't lift all boats." That is, low, very low, and extremely low-income families haven't had the same growth in their household income as they have in their housing costs. "Although Americans have complained about high?housing?costs for decades, their concerns have taken on a fevered pitch recently. At first glance, these concerns seem reasonable:?home prices?have increased by more than 50% since the end of 2019. This is an annual growth rate of almost 14%—far higher than the long-run average rate of 4%. We’ve recently lived through an unusually rapid run-up in home prices. Yet, when we look at housing cost as a proportion of after-tax income, most households aren’t spending anywhere near 50% more. In fact, large contingents of the population are spending the same proportion, or less, of their income on housing than in the past." https://lnkd.in/g5fDRgdM

Good news; as expected. "U.S. consumer prices rose 2.9 percent in the year through July, the first time inflation has slipped below 3 percent since early 2021." https://lnkd.in/gVTHmeWq

Public private partnerships including this collaboration between the Houston Housing Authority and Lovett Commercial work. Our firm Concentric Community Advisors was proud to have represented Lovett Commercial in structuring this relationship. #affordablehousing #PPP #MFTE #essentialhousing https://lnkd.in/gqFPRcfH