flexiblefullpage -
billboard - default
interstitial1 - interstitial
Currently Reading

What the Biden Administration means for multifamily construction

billboard - default
interstitial1 - interstitial
Multifamily Housing

What the Biden Administration means for multifamily construction

What can the multifamily real estate sector expect from Biden and Company? At the risk of having egg, if not a whole omelet, on my face, let me take a shot.


By Robert Cassidy, Editor, Multifamily Design+Construction | December 16, 2020
What the Biden Administration means for multifamily construction

Illustration Heblo from Pixabay

   

First, Biden has to get the pandemic under control. Duh. Unless the new Administration does so in good order, all bets are off. Once a proven vaccine becomes available, there’s the question of whether enough people will take it to create herd immunity. Masks and hand washing alone will not stop this virus, so another dose of stimulus money is going to be needed to feed the families of the Covid-unemployed and help them pay their rent.

But let’s hope for the best. Let’s say that, at some point in late 2021 or early 2022 the pandemic is largely behind us, and the economy is back up and running. What then?

One possibility might be an infrastructure package. Remember, back in 2017, when those on both sides of the political aisle were talking about how crucial it was to restore the nation’s unsafe roads, bridges, rail lines, and seaports to proper working condition? Never happened, of course. Even if both Senate runoff races in Georgia go blue, giving Biden control of both Houses of Congress, it will be difficult to get any sizable infrastructure deal. So those potholes in the roadways leading to your buildings aren’t going to vanish overnight.

Then there’s the Green New Deal. In the primary debates Biden treated the Green New Deal like the plague—as if we needed another one . But he has signed on to bits and pieces of it. He has pledged to sign the Paris Agreement on climate change “on day one” and says he wants to ban oil and gas leases on federal lands, but would only phase out fracking over an undefined period of time in places where it is currently being practiced.

Biden is pushing a $1.7 trillion clean energy plan that he says will produce millions of new jobs, particularly in solar energy, wind, and geothermal. We should be encouraging  greater use of renewables in our commercial and residential buildings, which account for 40% of energy use—and resulting carbon emissions. Before we start throwing PVs on every roof in America,  though, we need a program to cut the energy consumption in buildings by 60-70%. How do you do that most effectively? Through the use of proven, commonly available, low-tech solutions: more and better insulation, LED lighting,  high-efficiency heating-cooling systems, and highly energy-efficient  water heating systems.

Biden says he has a plan to retrofit four million buildings, weatherize two million homes, and build 1½ million sustainably designed  homes and rental apartments in four years. He may have to arm wrestle a few Republican Senators to get even a piece of that plan through Congress. But if he does,  it could be a boon for the multifamily real estate sector.

Related Stories

Multifamily Housing | Nov 29, 2021

Arthaus residential units and community art gallery debut in Allston, Mass.

PCA-designed residential community includes 74 apartments, 9 condos by The Mount Vernon Company.

Sponsored | Multifamily Housing | Nov 24, 2021

MagicPak HVAC System: More Desirable Living, Dramatically Less Time

When tapped to create a modern 280-unit residence in downtown Philadelphia, modular builder Volumetric Building Companies used the MagicPak All-in-One™ HVAC system to optimize square footage, expand rooftop amenities, improve the exterior aesthetics and simplify ongoing maintenance – all with 60 percent less onsite HVAC install time than a traditional split system. 

Giants 400 | Nov 18, 2021

2021 Multifamily Sector Giants: Top architecture, engineering, and construction firms in the U.S. multifamily building sector

Clark Group, Humphreys and Partners, and Kimley-Horn head BD+C's rankings of the nation's largest multifamily building sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.

Sponsored | | Nov 15, 2021

How TDK Construction Saves Time and Money with EXACOR™ MgO Panels: Getting in on the Ground Level

Smart decisions made at the start of multifamily design-builds can improve efficiency on the job site, keeping projects on-time and on-budget, so you can make your properties profitable sooner. TDK Construction did just that on a recent luxury apartment project in Tennessee.

Multifamily Housing | Nov 14, 2021

How to build better parking for multifamily housing projects

In designing and building multifamily projects, parking determines everything from site suitability to the building’s footprint to revenue optimization.

Multifamily Housing | Nov 9, 2021

MAD Architects unveils One River North design

The project is set to rise in Denver.

Hotel Facilities | Nov 3, 2021

California’s Hotel del Coronado is finishing up the final piece to its Master Plan

A 75-residence Shore House will be family oriented and meeting commodious.

Multifamily Housing | Nov 3, 2021

Courthouse becomes mixed-income housing development

The project is located in Worcester, Mass.

Adaptive Reuse | Nov 1, 2021

CallisonRTKL explores converting decommissioned cruise ships for housing

The rapid increase in cruise ship decommissioning during the last 18 months has created a unique opportunity to innovate and adapt these large ships.

Multifamily Housing | Oct 31, 2021

Developer chooses ductless HVAC system for the Lofts at Empire Yards

Georgia developer chooses ductless systems for their performance, quiet operation, and efficiency 'in a nice, sleek package.'

boombox2 -
native1 -

More In Category


Multifamily Housing

MagicPak HVAC System: More Desirable Living, Dramatically Less Time

When tapped to create a modern 280-unit residence in downtown Philadelphia, modular builder Volumetric Building Companies used the MagicPak All-in-One™ HVAC system to optimize square footage, expand rooftop amenities, improve the exterior aesthetics and simplify ongoing maintenance – all with 60 percent less onsite HVAC install time than a traditional split system. 



halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021

 


Magazine Subscription
Subscribe

Get our Newsletters

Each day, our editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Subscribe

Follow BD+C: