Posts filed under ‘North Carolina’

Inspections Bill Headed to Governor

From the desk of Apartment Association of North Carolina Executive Director Will Brownlee comes news of a significant legislative victory for the apartment industry in North Carolina:

Thrilled to report that S326 HAS PASSSED THE SENATE this afternoon by a 42-1 vote and is being sent to the Governor for his signature.  When signed, it is set to become law effective January 1, 2017.

This is an enormous victory for the NC apartment industry, a culmination of nearly 5 years of effort – enacting laws that will help protect our industry from invasive and overreaching inspection and registration schemes and restore a reasonable balance between the interests of landlords and cities/counties moving forward.  Many thanks to those of you who reached out to your Representatives and Senators this week;  based on reports received from Colleen and her team, several reported back that they had heard from you, and that your information had a strong impact on the final outcome.

On that note, AANC and our industry owes a huge thank you to AANC Legislative Counsel Colleen Kochanek and her team, as well as industry allies such as the NC Association of Realtors, for their tireless and creative efforts in securing necessary stakeholders and finding ways to resurrect the original H530 bill in the closing week of the legislative session and have it reborn as the now-passed S326.

 

We’ll have more about what this means in follow up posts.

Advertisements

July 1, 2016 at 7:48 pm Leave a comment

Vote for the Southeastern Building!

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:

www.greensboro-nc.gov/GreatPlaces

or directly on Facebook:

http://bit.ly/1V7gGEi

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. 

May 2, 2016 at 9:54 pm 1 comment

Support for the $2 Billion Connect NC Bond Referendum

The Piedmont Triad Apartment Association (PTAA) is supporting the Connect NC bond referendum that will appear on the March 15 ballot, and the reasons why were very well articulated by the Triad Real Estate and Business Industry Coalition (TREBIC) of which PTAA is a member:

The ($2 billion) bond is focused on the strength of our economic future: infrastructure, economic growth, and public education in the state of North Carolina.  These well-vetted projects are critical to economic development, and therefore the health of our industry as well.  There will be no tax increase due to NC’s financial strength and favorable interest rates and timing.

Relevant facts:

The Basics and Background

–     $2B Statewide Infrastructure Bond

–     Referendum March 15th

–     First statewide bond since 2000

–     Proactive investments in economic development/future jobs and emergency readiness

–     Impacts 73 counties directly, all 100 indirectly

–     No tax increase based on

  • NC’s strong financial position, low debt
  • Historically low interest rates
  • Lots of bonding capacity available, even after passage

–     Since last bond, NC has added 2 million people, so our needs are growing

–     Started at $6B from Governor

–     Lots of vetting to get to final project list

–     Ultimately won broad support from House, Senate, Democrats and Republicans

–     It won’t meet all needs, BUT there is no current debate on future or serial bond issues

What’s In The $2B Bond?

–     All projects are needs that can’t be met by annual operating budgets

–     New construction and renovation, but also deferred maintenance

  • $980M for Universities

–     Focus on Science, Technology, Engineering, and Math (STEM) buildings

–     New construction, renovation and repairs

  • $350M at 58 Community Colleges for new construction/repairs/renovations

–     40% of NC workers have attended a community college in the past 10 years!

  • $100M for Parks, including $25M for Zoo, with a focus on attracting visitors/economic impact
  • $3M for Disabled Children & Veterans parks infrastructure
  • $309.5M for Water & Sewer Competitive Grants and Loans

–     Utilities will have to apply to DENR

–     Expected focus is repairs and improvements to mostly rural, existing systems

  • $78.5M for 3 National Guard  & Pub Safety Centers, including 1 in High Point
  • $179M for Agriculture – largest single state investment ever in farms and agriculture

–     mostly at NCSU

  • new Plant Sciences Research Complex
  • Agriculture and Consumer Sciences Lab for veterinary, food, drug, and motor fuel testing
  • $349M (21%) In The Triad (plus possible Water & Sewer grants/loans)

–     $230M in Guilford County

  • NCA&T: $90M Engineering Building
  • UNCG: $105M Nursing School
  • GTCC: $9.5M for Medlin Admin Building Modernization
  • $23.3M High Point National Guard
  • $1.5M Haw River State Park

–     $119M in other 11 Counties

  • WSSU, Alamance CC, Davidson CC, Forsyth Tech CC, Randolph CC, Rockingham CC, Surry CC
  • State Parks: Hanging Rock, Mayo River, Pilot Mountain, NC Zoo

March 3, 2016 at 10:22 pm Leave a comment

Six Recent Piedmont Triad Apartment Transactions

Multi Housing Advisors (MHA) recently issued a press release about six Triad-area transactions they brokered:

Multi Housing Advisors (MHA) has brokered six sales of apartment communities in North Carolina’s Triad Region totaling $37.1 million. Marc Robinson, Jordan McCarley and Watson Bryant of MHA’s Charlotte office represented the sellers in all six transactions. The transactions included WB Ventures purchasing the 204-unit The Morehead in Greensboro from Midway Investors for $11.2 million; QR Capital purchasing the 120-unit Battleground Oaks in Greensboro from Carlisle Residential for $6.7 million; Harvest Investments purchasing the 140-unit The Colony in Burlington from Titan Capital for $6.3 million; Tallahassee Apartments LLC purchasing the 160-unit Ridgewood in Greensboro for $5.4 million; a private individual purchased the 108-unit, 324-bed Collegiate Commons in Greensboro for $4.2 million; and Engineering Partners purchased the 80-unit The Hedges from The Hedges of Greensboro LLC for $3.3 million.

December 29, 2015 at 6:14 pm 1 comment

AANC Introduces Will Brownlee as New Executive Director

At the end of 2015 Ken Szymanski will step back from his role as Executive Director of the Apartment Association of North Carolina (AANC), after serving as the chief executive of both the AANC and the Greater Charlotte Apartment Association (GCAA) concurrently for the last 28 years. He will continue as the Executive Director of GCAA after 2015, but AANC needed to find a new chief executive as of January 1, 2016.

So it was with great excitement last night at the PTAA trade show that Jody Longwill, President of the AANC, announced that Will Brownlee – who is familiar to so many apartment professionals in North Carolina through his legal work on behalf of the industry – will be the organization’s Executive Director starting January 1.

Here’s a video of the announcement last night. Unfortunately due to my fat thumbs I missed the early part of the announcement during which Jody lauded Ken’s incredible work on behalf of AANC for the last 28 years, but please take my word that it was a worthy tribute for a great guy. Here’s the announcement.

Here’s a press release from AANC:

For Immediate Release                                                                                                                 October 28, 2015

Apartment Association of N.C. names new Executive Director

The Apartment Association of North Carolina (“AANC”) is a trade association of multi-family rental housing developers, owners, managers, and suppliers.  It is affiliated with both the National Apartment Association and seven (7) local Apartment Associations throughout North Carolina.  AANC is pleased to announce its selection of Will Brownlee as its new Executive Director and General Counsel effective January 1, 2016.  “We are extremely pleased that Will will become AANC’s executive leader”, said its Board President Jody Longwill, of Greensboro-based Burkely Communities. “The Board, in making this selection, has expanded the Association’s commitment to its work, as the Executive Director position becomes full-time.  For the past 29 years, Ken Szymanski has served the AANC with distinction as its part-time Executive Director.  Ken will continue to serve in his role as Executive Director of the Greater Charlotte Apartment Association”.  

“Will brings a wealth of experience, energy, and commitment to the AANC’s work.  We look forward to Will’s joining and working with AANC and its associates to advocate for legislation that encourages affordable housing, quality construction and professional  management.”

Will Brownlee is an attorney licensed in North Carolina and South Carolina and is the founder of Brownlee Law Firm, PLLC and co-founder of Loebsack & Brownlee, PLLC.  He has served the apartment industry for the last 18 years, including serving on the AANC Board of Directors and as author of the AANC Lease and Legal Handbook.  He holds degrees from The Citadel and the N.C. Central University School of Law.

“AANC and its affiliate members have a rich and accomplished history of advocacy for the N.C. apartment industry, particularly through the tireless efforts of its Board of Directors, its volunteer members, and the consistent leadership of Ken Szymanski over the past 30 years,” said Mr. Brownlee.  “I am proud to be part of such an organization and look forward to the opportunity to work with the AANC Board of Directors and the diverse affiliate and volunteer members of AANC in continuing their advocacy for the apartment industry and finding new ways to serve the AANC membership.”

For further information: Ken Szymanski, (704) 334-9511 x- 108

October 28, 2015 at 1:29 pm 1 comment

NC School Districts Providing Apartments for Teachers

Several school districts in North Carolina have gotten into the apartment business to help provide housing for their teachers:

Thompson’s apartment complex is called Hertford Pointe, and it was built specifically to house teachers for Hertford County schools, a rural district in the northeastern part of the state. A local foundation called Partners for Hertford County Schools took out a zero-interest loan from the State Employees Credit Union to build Hertford Pointe in 2006. The rent teachers pay to live there will eventually pay back that loan. Thompson pays $625 a month for her two-bedroom unit, plus a pet fee…

James Eure led the school system’s foundation during the financing and construction of the apartments. He says before Hertford Pointe, there weren’t enough apartments in the area for Hertford’s teachers.

“When we started doing a study in Hertford County we found out that there was only about 15 apartments for teachers—with the salaries that the teachers made—[that they] could live in,” Eure explained…

Hertford County schools is one of three rural districts that has or is planning to build teacher apartments because of a lack of housing. Hoke County schools opened teacher apartments in 2013, and Richmond County schools is planning one as well.

Meanwhile in places like Asheville and Dare County the school districts are developing apartments to try and provide housing that is affordable for teachers:

In urban districts, building housing is more about affordability. Pam Baldwin is superintendent for Asheville City Schools, where a new teacher complex is in the works because of high housing costs…

Dare County, where the resort-oriented housing was too expensive for most teachers, built affordable teacher complexes in 2008 and 2011. Dare, Asheville and Buncombe are among a growing number of school districts across the country, butespecially in L.A. and Silicon Valley, that are building teacher apartments because of high housing costs and relatively low teacher salaries.

October 8, 2015 at 8:52 pm 1 comment

Update: Governor Signs H201, Bill That Eliminates Protest Petitions

Update 7/22/15, 12:20 p.m.: We just received word that the Governor has signed the protest petition repeal, so it is now law.

In an 82-28 vote the North Carolina House today (7/15/15) voted to concur with the Senate’s final version of H201, a bill that eliminates protest petitions in North Carolina. It will now go to the Governor who has already indicated he will sign it. The bill takes effect August 1, 2015 and affects rezonings initiated on or after that date.

To get an idea why this was good for our members, and why it was a key issue we worked with the Apartment Association of North Carolina to address, just read some of our talking points from our discussions with state legislators:

Protest Petitions in North Carolina city and town re-zoning cases raise the bar to a Super-Majority 3/4 vote requirement by City Councils to overcome.  This seems unreasonable given how easy it is for a Protest Petition to be triggered. Think about how common it is for neighbors to disfavor a proposed land use change (Not in My Back Yard). This currently results in an inordinate empowerment on local land use decisions placed in the hands of a few.

Zoning Protest Petitions are favored by a number of groups in North Carolina cities who stand to gain by the higher-level of negotiations/concessions/exactions that the Super-Majority vote requires of the land developer: neighborhood groups, planning staff, commercial property owners, and re-zoning consultants. All have vested interests in the filing of a protest petition and delaying, adding cost to, or killing a development proposal. The approval rate for projects subject to a protest petition is 52 percent, compared to a 76 percent approval rate for rezoning petitions overall – according to the UNC School of Government.

In H201, A simple majority City Council vote would instead be needed to defeat a re-zoning proposal; meaning that all proposals would be fully vetted before the elected officials take a vote, with a majority deciding. We know of no other Super-Majority vote requirement in municipal administration; even a City Council’s vote on their Fiscal Year Budget only requires a simple majority vote.

 

July 15, 2015 at 7:24 pm Leave a comment

Older Posts


Calendar

December 2017
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Posts by Month

Posts by Category