CREtech Affordable Housing Briefs November 11, 2022 – Palm Beach $200M, Kansas City & Renter Wealth Creation Fund secure investments + more
November 11, 2022
In this week's issue, investments are led by Palm Beach County with a $200M bond issuance approved for affordable housing units; Kansas City is also issuing bonds towards affordable housing and other upgrades to the tune of $175M; and the newly-launched Renter Wealth Creation Fund closes its first $47M round.?
In the news, this World Economic Forum article unpacks how housing can be made affordable according to an expert; co-living bounces back as housing costs soar; and Progress Residential? announces plans to grow its affordable rental operations across the country.
Tune in to CREtech’s Affordable Housing Virtual Demo Day on December 1 to experience demos from the most innovative tech companies in the sector. To demo your product click here to learn more.
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Palm Beach County voters approve $200M affordable housing bond
Palm Beach County voters said yes to more housing, approving a $200 million bond for affordable units on Tuesday.
Kansas City voters approve $175 million in bonds for affordable housing and convention center
Voters resoundingly supported Kansas City’s proposal to spend $175 million in general obligation bond funds over the next five years for major upgrades to park and convention center facilities and for affordable housing, according to unofficial election results Tuesday night.
$250M Renter Wealth Creation Fund Closes First $47M Round, Taps Into Underused Asset Margins For New Model To “Turn Rent Into Wealth”
The path to generational wealth is through…rentership? That’s the premise behind the newly-launched Renter Wealth Creation Fund by Enterprise Community Partners in collaboration with Stake , the startup which provides banking services and cash back rewards for on-time rent payments.
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How do you make housing affordable? An expert explains
Global growth is forecast to slow from 3.2% in 2022 to 2.7% in 2023, according to the International Monetary Fund . High inflation and stagnant wages coupled with unprecedented quantitative tightening are helping to drive the risk of a global recession. Against this backdrop, there is a severe lack of affordable housing around the world.
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As Housing Costs Soar, Co-Living Makes a Comeback
The living arrangements, known as “dorms for adults,” are on the upswing after declining in the pandemic, and developers are adapting to the renewed interest.
Progress Residential to Grow Its Affordable Housing Operations
Progress Residential, the nation's leading single-family rental (SFR) management services platform, announced in a joint press release with Pretium , plans to grow its affordable single-family rental housing operations in markets across the country.
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Affordable Housing Virtual Demo Day
Tune in to our live Virtual Demo Day event on December 1st focused on Affordable Housing tech to experience demos from the most innovative tech companies in the sector. Virtual Demo Day is the best way to discover startups that you need to know about without leaving your desk. Plus, it’s FREE! Register here
Want to demo your product at CREtech’s next Virtual Demo Day??Click here?to apply and learn more.
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CREtech Announces 2023 In-Person Events Schedule
CREtech has announced their 2023 in-person event schedule which will boast unparalleled networking opportunities, presentations from the leading built work innovation experts, and much more.
CREtech’s Michael Beckerman : “We’re in the Second Inning” of Proptech Adoption
“The thing that gives me great pride is that we’re expanding the conversation” around proptech, Beckerman says. In addition to hosting a Who’s Who of major owners and developers, “we’re talking about climate, we’re talking about affordable housing, we’re talking about construction.”
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