LOCUS

Announcing Executive Education Course on Walkable Urban Places

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For more than 50 years, the dominant development model in the United States has been the familiar ‘driveable suburban’ approach. Today however, a structural shift is underway in the real estate market as demand increases for walkable urban development – and the DC region is leading the way.

Now, LOCUS, in collaboration with the George Washington University School of Business and ULI Washington, is proud to announce a five-day executive education course this summer aimed at providing real estate professionals the tools they need to take advantage of this of this market transformation. The course, which will be held from June 10th to 14th in Washington DC, features an impressive line up of developers, elected officials, place managers and others at the forefront of transforming Washington D.C. into the nation’s leading market for walkable urban development.

LOCUS

DC area's neighborhoods are becoming more walkable – even in the suburbs

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Chris Leinberger at CNU DC’s Live.Work.Walk event.

Urban dwellers and apartment hunters everywhere are familiar with the term “walk up,” frequently used to describe an apartment building lacking an elevator. But at a recent event hosted by the Congress for New Urbanism (CNU) in Washington, D.C., attendees learned about a different type of WalkUP – the “walkable urban place.”

Chris Leinberger, President of Smart Growth America’s LOCUS, was a keynote presenter at Live.Work.Walk. D.C.’s Future Growth, presented by the Washington, D.C. chapter of CNU on March 11. In his presentation, which opened the full-day educational event, Leinberger gave an overview of “The WalkUP Wake Up Call,” a report which emphasizes the economic potential of walkable, urban places in greater Washington, D.C. and how the region can serve as a model for the country for future real estate development.

LOCUS

LOCUS Steering Committee gathers in Washington to decide policy priorities for coming year

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Each year, the Steering Committee of LOCUS: Responsible Real Estate Developers and Investors gathers in Washington to discuss and set the program’s federal policy agenda.

When LOCUS was formed in 2008, its Steering Committee consisted of a handful of committed real estate developers who believed the voice of the smart growth development community was missing from policy discussions in Washington. In a testament to how the program has grown since that time, our 2013 Winter Steering Committee meeting featured nearly 30 leading real estate developers and investors from across the country including our newest members, Rod Lawrence of The JBG Companies, and Jair Lynch of Jair Lynch Development Partners, both leading developers of walkable development in the DC metro area.

LOCUS

Join LOCUS in Seattle next month at ULI's annual housing conference

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The Urban Land Institute (ULI)’s annual housing conference brings together housing professionals from across the country to discuss current challenges and opportunities for supporting a full spectrum of housing choices in cities and suburbs increasingly challenged by the new economy.

Joining the discussion at this year’s conference is LOCUS: Responsible Real Estate Developers and Investors. LOCUS Managing Director Christopher Coes and Steering Committee member John Hempelmann, of Seattle-based business law firm Cairncross & Hempelmann, will join a panel discussion at the conference about federal involvement in real estate and how it might be reformed.

Local Leaders Council LOCUS

Rethink Real Estate: The Housing Credit

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Trumbull Park Homes, a low-income housing development in Chicago, Illinois. Photo by Robert R. Gigliotti via Flickr.

In January, Smart Growth America released Federal Involvement in Real Estate, a survey of over 50 federal programs that influence real estate in some way. This post is the second in a series taking a closer look at some of the programs included in that survey.

Congress began the Low-Income Housing Tax Credit (LIHTC) program in 1986 to incentivize the private sector to develop more affordable rental units for low-income households. Since its creation, the credit has created or preserved nearly two million affordable rental units across the country.

The program offsets investors’ federal income tax liabilities, but the responsibility for administering the program is delegated to the states. States designate housing credit agencies to distribute a pool of tax credits from the U.S. Department of Treasury based on their population. In 2010, the amount of credits agencies received was equal to the greater of $2.10 per capita or $2,430,000. For example, the population of Oklahoma in 2010 was about 3.6 million people, so the state received about $7.7 million in tax credits, or 3.6 million multiplied by $2.10.

LOCUS

Rethink Real Estate: Qualified Energy Conservation Bonds

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The Parker Ranch installation in Hawaii. Photo by the U.S. Department of Energy.

Earlier this month, Smart Growth America released Federal Involvement in Real Estate, a survey of over 50 federal programs that influence real estate in some way. This post is the second in a series taking a closer look at some of the programs included in that survey. Today’s post is about Qualified Energy Conservation Bonds .

Qualified Energy Conservation Bonds (QECBs) give state and local governments a low-cost financing option to encourage energy conservation.

Funding from the program has been used to retrofit public buildings, to power buildings with renewable energy, and to improve public transit infrastructure. Authorized by Congress as part of the 2008 Energy Improvement and Extension Act, the original legislation allocated $800 million in federal funding to the effort and has since been increased to $3.2 billion as a result of the 2009 American Recovery and Reinvestment Act. As of July 2012, about $760 million in allocated funding had been spent. Because QECBs do not have to be spent within a certain time period, a great deal remains untapped.

LOCUS

Public-private partnerships lead the way in a Cincinnati neighborhood’s revival

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At first glance, the history of Cincinnati’s ‘Over-the-Rhine’ neighborhood resembles a storyline familiar to many of America’s urban neighborhoods – a once thriving immigrant community and booming industrial hub turned impoverished and destitute, only to experience a renaissance after decades of disinvestment.

However, there is more than meets-the-eye in regards to the dynamic history of Over-The-Rhine and it’s recent (and unlikely) revival. A unique partnership between city leaders, local corporations and private developers helped to pave the way for what is becoming one of America’s greatest smart growth success stories.

LOCUS

Rethink Real Estate: All about the New Markets Tax Credit

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The Ely Walker building in St. Louis, MO was redeveloped with the help of the New Markets Tax Credit. Photo by Nick Findley via Flickr.

Earlier this month, Smart Growth America released Federal Involvement in Real Estate, a survey of over 50 federal programs that influence real estate in some way. This post is the first in a series taking a closer look at some of the programs included in that survey. Today’s post looks at the New Markets Tax Credit.

New Markets Tax Credit allows individual and corporate investors to receive a credit against their federal income tax return in exchange for making an investment in a specialized financial institution called a Community Development Entities (CDE). Congress created the credit in 2000 as a way to attract private capital to businesses in economically challenged communities. Authorized under the Community Renewal Tax Relief Act of 2000, the program has appropriated billions of taxpayer dollars to promote investment in these areas that are often overlooked by traditional financing sources.

LOCUS

Roundtable series in six cities this spring will discuss federal real estate issues and their solutions

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LOCUS members at 2012’s Leadership Summit.

LOCUS: Responsible Real Estate Developers and Investors is proud to announce a new series of industry roundtable discussions about improving the federal government’s role in today’s real estate market.

The discussion series will gather leading real estate developers and investors from across the country to address the federal government’s role in real estate, and create solutions to align federal involvement in real estate to better support walkable development across America.

LOCUS

Greater Ohio, ULI and LOCUS host speaking series on walkable urbanism in Ohio

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Cleveland developer Ari Maron discusses his projects. Source: Smart Growth America.

The following post has been republished from our partners at the Greater Ohio Policy Center.

In Ohio and around the country, real estate developers and investors are recognizing pent-up demand for and a market shift toward sustainable, walkable urban places. Despite this paradigm shift and change in market momentum, many local, state and federal policies currently in place distort development incentives and hamper efforts to create the development consumers want and that support strong local economies. Urban developers and real estate and land use experts can align to provide state and national policy makers with expert advice on current consumer demand and the many benefits of urban and metropolitan growth strategies.

Over the past few days—January 16th and 17th—Greater Ohio traveled to Cincinnati, Columbus and Cleveland to co-host events with the Urban Land Institute district councils of Cincinnati, Cleveland and Columbus, as well as LOCUS to host “Advancing Ohio’s Urban Agenda: Walkable Communities for Globally Competitive Cities,” an exclusive series featuring Christopher Leinberger, President of LOCUS—a national network of real estate developers and investors that advocates for sustainable, walkable urban development in America’s metropolitan areas.

Local Leaders Council LOCUS
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