Charlotte's tight housing market can prove unaffordable to young professionals, with high rents equal to half a person's income. The "essential housing" niche, a middle ground between luxury homes and lower-cost "affordable" housing, provides an opportunity to economize on construction costs and pass those savings on to renters. Fewer apartment floor plan options and fancy amenities can translate into rents up to $700 less, a marketing strategy that has given the developer a strong rental business – and its younger customers a relative bargain in an expensive market.
Read MoreApartments at Front Flats, a new residential building in Philadelphia, is powered by 492 solar panels that are wrapped around the building. The point: to demonstrate that developers can design buildings that are energy-efficient and be built at an affordable cost. It’s not clear yet if the building is “net zero” in terms of producing as much energy as it consumes, but residents are paying only $40 a month for utilities.
Read MoreEastern Washington University recently built the first tall wood office building in the state joining hundreds of other large “mass-timber” projects in the United States. This growing industry constructs panels, beams, and columns from trees that need to be thinned to curb wildfires in forests. While wood buildings can be more expensive to build than ones constructed from concrete and steel, environmentalists are on board because wood can store carbon, which can help offset greenhouse gas emissions.
Read MoreThe Twin Cities Habitat for Humanity provides a comprehensive approach to providing affordable housing in seven counties across Minneapolis and St.Paul. The large area it serves allows families to move into either urban or suburban neighborhoods near schools of their choosing and with greater flexibility to take public transportation, jobs, and extracurricular activities into consideration. Milwaukee's uncoordinated efforts to improve housing for low-income families could benefit from a similar approach.
Read MoreMore and more commercial real estate projects are popping up around the United States that are focused on “deep green” building. This movement suggests that it’s not enough to just make a building out of renewable materials, but they can also be self-sustaining. For example, the Watershed, an office building in Seattle, has a slanted roof that collects rainwater that is then used in toilets. These types of projects can be more complicated and expensive to build, but developers can save money in the long run with the improvements.
Read MoreAfter discovering historic artifacts on land preparing to become a hotel in Antakya, Turkey, owners chose to develop a combined hotel and history museum, a rare act of collaboration between preservationists and developers. The developers, who incorporated ancient relics like a bathhouse and the world's largest mosaic floor, work consciously to preserve and memorialize the land they are building on to ensure culture significance is not lost among new developments.
Read MoreEighteen "purpose built communities" across America have revitalized neighborhoods through a comprehensive approach that includes building mixed-income housing, providing better educational opportunities and offering health and wellness services. The model focuses on establishing a strong "cradle-to-college education pipeline" which attracts upper-income families and creates socio-economic diversity. Community centers, green spaces, and grocery stores all revitalize and bring new development to these neighborhoods. Rivercrest, a neighborhood in Montgomery, Alabama is seeking to replicate the model.
Read MoreAfter facing a shortage of bricklayers, the Netherlands found a housing solution which also doubled as a way of cutting development costs and damage to the environmental. Project Milestone, a development that creates 3D printed houses, is the first of its kind and is already drawing a steady residential candidate pool.
Read MoreDrawing on his experience creating affordable housing abroad, Hugh Brennan created the Ó Cualann Cohousing Alliance just outside Dublin, Ireland, where state and city officials are grappling with a shortage of affordable housing. The OCCA has brought together local governing councils and private investors to remedy the issue.
Read MoreUnlike many other countries who have found public housing facilities to be highly prone to crime and toxic loan practices, Singapore uses a mix of resident home ownership, policing, and mixed-income developments to create thriving, clean housing options that may provide a model for other countries.
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