Creating Housing Affordability Through Community Land Trusts
A permanent affordable housing strategy Today, there are nearly 250 Community Land Trusts (CLTs) across the United States, and NPHS is creating one in the Inland Empire to develop, preserve and protect affordable homeownership. CLTs are designed to create long-term housing affordability and to ensure community stewardship of land. CLTs can be used for many types of development, including commercial and retail, but are primarily used to ensure long-term homeownership affordability. To do so, the CLT acquires land and maintains ownership of it permanently. With prospective homeowners, it enters
How to Make Your Renovation a Successful, Positive Experience
In the United States, renovation spending has more than doubled since the late 1990s, reaching nearly $65 billion last year alone. Oftentimes the investment a homeowner makes is substantial, both financially and emotionally. The stakes are high. That’s why it’s imperative that the job is done well from start to finish. NPHS suggests a number of steps a homeowner can take to ensure a positive experience and a successful outcome, including: 1. Know your goal. Ask the question, “What is this renovation designed to accomplish? More functionality? Storage? Living
NPHS Real Estate Team Shares Tips for First-Time Home Buyers
Buying a home for the first time is an exciting period in a person’s life. Deciding to buy a home often indicates buyers are ready to establish firm roots in a community where they can see themselves living for years to come. The process of buying a home is rarely easy, and first-time buyers may feel overwhelmed at times. Such feelings are perfectly normal and felt by first-time buyers regardless of their budgets or home preferences. NPHS suggests a few ways to make buying a home more enjoyable than
Realty Services and Home Improvement trends in today’s market
Although the heydays of the real estate boom of the early 2000s have not quite returned, things look positive. In the United States, 1,226,000 new homes were built in 2016, according to data from Consumer Reports. That was the most since 2007. Resales also have been more promising. The National Association of Realtors® says the median number of days a home was on the market in April 2017 reached a new low of 29 days. However, low supply levels did stanch existing home sales somewhat. By mid-2017, the market
City of San Bernardino and NPHS Break Ground on Three Infill Developments
Creating Greener, Healthier Neighborhoods The development of three homes is under way in the City of San Bernardino. In partnership with the city, NPHS is developing three separate lots with beautiful, high-performing factory-built homes. The 1,500 square foot homes are being manufactured to high energy efficient standards and feature an attached garage and porch. The effort aims to revitalize neighborhoods throughout the city while creating homeownership opportunities for low-income families. “Neighborhood Revitalization lifts spirits, increases property values, improves the neighborhood's image, and attracts additional investments,” says Adam Hicks, NPHS'