Imagine being able to get a buyer who makes only $8,000 a year into a home. A lack of affordable housing is a bigger issue in most rural communities than in urban areas. But innovative programs are making affordable housing a reality for some low-income buyers.
An innovative program sponsored by the New York City Housing Partnership links local government and private developers to provide low-cost houses so that a family making a median income can once again afford a median-priced home in the city.
In an effort to address both a deterioration of once-grand historic neighborhoods and a lack of affordable housing, a broad coalition of citizens, local government, and housing groups worked together to bring new life and new homeowners to the tarnished, century-old Head of Montford neighborhood in Asheville.
There’s more than one answer to meeting the complex challenge of affordability. In an effort to explore a few of the many successful efforts nationwide, REALTOR® Magazine Online is offering a year-long series of case studies highlighting housing opportunity best practices.
Landing a deal with a top-tier client. Breaking into a new international market. Being named No. 1 salesperson in a global commercial company. That’s the stuff we were looking for when we set out to identify four commercial practitioners—specialists in industrial, office, property management, and retail--for this month’s cover profiles.
Mexico lies just a few miles away, yet it’s worlds apart from the Texas border town of McAllen, where Adrian A. Arriaga runs his real estate business. He's learned why deals with foreign investors take time: They have to trust you first.