As you may know, PTAA’s Summer Food Drive kicked off on May 1st and we’ve been delivering food collecton boxes to apartment communities throughout the Triad so that they can participate. Details on how you can participate are below, but before we get to that we need to point out an important piece of information: Any money you raise for Second Harvest between now and June 30 will be matched by a donor. So every dollar you give magically turns into $2!
Of course we want you to participate in any way you can, and Second Harvest definitely needs food and cash donations, but if you are going to make a financial donation then you might try to make it in June so that the money is doubled and has a maximum effect!
You can make a financial donation here.
Our full Summer Food Drive webpage is here.
New This Year – Community Level Competition!
We’ve always had a competition between management companies to see which can raise the most food/money, but this year we’ve added two new levels of competition:
The community with over 200 units that donates the most will win Breakfast on the Go for its residents.
The community with under 200 units that donates the most will win Breakfast on the Go for its residents.
Want to sign up your community to participate? Use this form.
Come on out to the ballgames!
Once again we are partnering with the Winston-Salem Dash, the Greensboro Grasshoppers and WXII12 to promote the food drive to the general public. We will be collecting food at the Dash game on July 15 and the Grasshoppers game on July 22. Keep an eye out for the ads when they run on WXII12 in July, and if you’d like to bring your families out for a great time you can purchase tickets from PTAA to attend.
Buy Winston-Salem Dash tickets here.
Buy Greensboro Grasshoppers tickets here.
Ever wonder what it would be like if all the leases in town expired on the same day? Well, for over a century that’s what happened every year in New York City:
It’s hard to believe, but for more than a century, all New York City leases expired and started on the same day of the year, May 1. This meant thousands of families loading up the entirety of their belongings onto carts and maneuvering them through the cramped city streets to new apartments.
The origins of this unfortunate practice are hazy — some say it began with English celebrations of May Day. But by 1820, the New York State legislature signed a law stating that unless you worked something out with your landlord or renewed your lease, all leases were up on the first of May.
Landlords would inform their tenants of any rent increases for the coming year on February 1, giving tenants three months to find a new place or decide to stay. With the new rent due on May 1, most families elected to remain in their old abodes until the very last moment, moving en masse using horses and carts.
And you thought doing turns in August on student properties was wild.
The National Apartment Association has just released a white paper titled Criminal Conviction Screening Policies: Best Practices to Avoid Disparate Impact Liability and it is a valuable resource for management companies evaluating their screening processes in the wake of HUD’s guidance last month. The white paper is divided into two parts: Part I deals with how to design criminal conviction policies so they are not susceptible to disparate impact claims of discrimination, and Part II explains how the concept of disparate impact liability emerged under the FHA and why HUD’s guidance has made screening policies a subject of increased interest for housing providers and advocacy groups.
This is truly a good resource, but as they write in the conclusion, the thinking on this issue is sure to evolve over time:
The analysis is admittedly an early assessment of the intersection between criminal screening policies and the HUD disparate impact rule approach. The way both HUD and the courts treat these types of disparate impact claims may (and, indeed, is likely to) evolve over the coming years as courts provide precedent for interpretation of the HUD Guidance and as HUD or Congress enacts further clarifying guidance, regulations, rules or statutes.
In the meantime, here’s a handy table of Do’s and Don’ts they provided in their introduction:
Here’s a link to the full PDF version of the paper.
At its May 2 meeting the Winston-Salem City Council voted 5-2 to deny a rezoning request for a 54-unit apartment development in the city’s northwest ward. From the Winston-Salem Journal:
Siding with neighbors who came out in opposition, the Winston-Salem City Council on Monday rejected a developer’s plan to put a low-income, two-story 54-unit apartment building at the entrance to the Town and Country neighborhood at the corner of Briarcliffe and Reynolda roads…
Developer Bill Scantland described the apartment building as one that would serve people who are 55 years old or older, who make between 30 and 60 percent of the area median income of $58,500. Scantland said the building would look just like one built for market-rate tenants.
Opponents said the apartment building would be too tall for the neighborhood, especially since the corner lot drops off about 20 feet in elevation from Reynolda Road to Briarcliffe…
When the proposed rezoning went to the City-County Planning Board on April 14, it had no opposition and sailed through on a unanimous vote — although it was noted that emails were coming in from people who said that they didn’t know about the case and hadn’t had enough time to think about it.
One problem, it turns out, is that the neighborhood meeting to discuss the plan with Town and Country residents was held on April 13, only one day before the planning vote…
The developer’s financing imposed a time frame that didn’t allow for postponing the decision, MacIntosh said.
PTAA member BSC Holdings’ Southeastern Building has been nominated for a Great Historic Rehabilitation award and you can support them by voting, and unlike presidential elections you can vote early AND often. Here’s the info and please go and vote…often:
The historic renovation of the Southeastern Building located on the corner of Elm and Market Streets in downtown Greensboro has been chosen as a finalist in the APA-NC Great Places People’s Choice – Great Historic Rehabilitation Contest! This is a program of the American Planning Association , North Carolina Chapter.
Voting will run from Monday, May 2, at 8:00 a.m. to Friday, May 13, at 5:00 p.m. Each person is allowed to vote for their favorite historic rehabilitation project once per day per device (your computer, your phone, your tablet, etc…).
Please help us earn this recognition for Greensboro by voting here each day:
or directly on Facebook:
About the Project
The Southeastern Building, located at the corner of N. Elm and Market streets, began its life as the American Exchange National Bank Building and was the tallest in Greensboro when constructed in 1920.
Local developers Barry Siegal and Willard Tucker began restoration of the building in 2013 following City Council’s approval of an Urban Development Investment Grant of $273,347 for the project, which is now nearing completion. The building features 51 apartments, as well as office, retail and restaurant spaces.
The Southeastern Building was placed on the National Register of Historic Places in 1982 as part of the Downtown Greensboro Historic District and it was awarded the Landmark designation in 2010.
You’ve likely heard a lot about how apartment managers feel about Airbnb, but how do residents actually feel? One company asked its residents and the results were interesting. From NAA’s Industry Insider:
An ongoing topic among apartment industry professionals ever since, Cortland Partners decided to ask its residents about how they feel about allowing short term rentals at their communities. In January, Vice President, Resident Experience, Brian Ericson, sent a six-question online survey to more than 14,000 Cortland Partners residents and received 1,153 responses…
The company, which operates nearly 35,000 units in 95 communities, primarily in the Southeast, Texas, and Ohio, learned that 43 percent of residents surveyed are “strongly” opposed to allowing Airbnb rentals, compared to only 12 percent who “strongly” support Airbnb rentals.
In total, 52 percent are opposed to Airbnb rentals, compared to only 18 percent who are in favor; 30 percent of respondents were measured as neutral. The survey also showed that by allowing its residents to become Airbnb “hosts” it could negatively affect retention rates.
Real Data just released their April, 2016 report from their March surveys for the Piedmont Triad and here are the highlights:
- Average rents are up 2.1% since Mar, 2015
- Vacancy rate is 7.5%, up from 6.7% in Sep, 2015
- Demand has weakened in last 6 months, with only 355 units absorbed out of 929 completed over that time
- Development pipeline includes 3,040 units under construction and another 3,220 proposed
- Alamance is most active development sub-market with 630 units under construction
- Average rents are: 1 BR-$673, 2BR-$760, 3BR-$973
- Real Data projects vacancy to grow to 8% over next year, and rents to rise 2-3% as well.
- Sub-market with highest overall rent: Guilford Central (Downtown Greensboro)
- Sub-market with highest rent per SF: Forsyth Central (Downtown Winston-Salem)
For detailed reports, sub-market specific data, direct comps and more you can purchase a copy of the report from Real Data at www.aptindex.com.