A Chicago-based freelance writer since 1989, Jefftrey Steele has written on real estate for more than three decades. His real estate writing has appeared in the Chicago Tribune, Barron's, Modern Luxury, HouseLogic, Forbes.com and many other publications. He has written for Multi-Housing News since 2009.
Full Speed Ahead
a key concern for developers interested in TOD. He says it’s easier for a developer to gain public financing to develop a green field, due to the zoning and land use concerns that must be addressed in TODs. “In a lot of cases, TIFs and local improvement districts are necessary to make TODs work,” he says.Such disparate considerations as parking garages, security and ventilation force developers to plan more thoughtfully in TODs than they would elsewhere, Kaiser adds. For instance, parking garages must be designed and situated to allow for the greater degree of shared parking TODs require. Due to…
Facing the Affordable Housing Challenge
d-party developersMacFarlane Costa Housing Partners, Gardena, Calif.Regions: 33 states and Puerto RicoDollars in development: $40 to $50 million currently under constructionMichael A. Costa, president MacFarlane Costa Housing Partners is a developer, builder, financier, owner and operator of affordable housing. Asked to identify his favorite among his company’s affordable housing ventures, Costa replies that he’d be hard pressed to name just one.”Our philosophy as an affordable housing developer is to develop housing that doesn’t look like affordable housing. If you drive by, you would never be able to tag that as affordable housing. We enter contests like the National Association of…
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