The MultiGreen Podcast

Attainable Development Is Controlling Risk with Annual Meeting Panelists

Season 01 | Episode 21

In this episode, Mark Henington, Director of Finance at MultiGreen, hosts Scott Stay, President and CEO of Construction Management and Development CM&D, Dr. John Killingsworth, Assistant Professor of Construction Management at Colorado State University, and Bobby Gilbane, Chairman of Gilbane Development Company. The panelists investigate the causes of and responses to volatility in real estate development. They also detail the construction industry’s rapid technological advances, progress on attainability and sustainability agendas, and support from formal education programs.

(1:00) Panelists’ experiences and areas of expertise(4:39) Why construction is not keeping pace with historically high demand(7:09) Causes of and forecasts for the construction industry’s volatility(7:51) Expanding new and effective solutions for risk management and contract delivery(9:40) How to deal with volatility drivers impacting real estate development overall(12:12) Mitigating volatility with a long-term vision and regional approach(13:53) Education’s role in supporting the construction industry’s advances(18:34) Leveraging time in planning, relationship building, and project management(22:24) Managing the industry’s increasingly rapid technological evolution(24:06) Who is driving domestic sustainability initiatives, and how to keep momentum going(26:05) How to advance the mutually supportive goals of housing attainability and sustainability(30:12) Collaboration, continual learning, and customer focus help attainability and sustainability

Additional mentionsUN Climate Change Conference in GlasgowCircular economyAssociated General Contractors (AGC)Moody’s Investors ServiceCommercial Real Estate Development Association (NAIOP) Northern Virginia ChapterUrban Land InstituteMaryland Building Industry Association (MBIA)Housing Association of Nonprofit Developers (HAND)Volumetric constructionPanelized constructionKit-of-parts theoryType I through Type V constructionLEED rating systemInternational WELL Building InstituteInternational Living Future Institute’s Living Building Challenge

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

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© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Construction Is An Inflation Hedge with Annual Meeting Panelists

Season 01 | Episode 20

In this episode, Jason Bellini, correspondent for The Wall Street Journal, hosts panelists Kevin Booth, Chief Financial Officer of Construction Financial Management Association (CFMA), Jim Salter, Founder of CM&D International, and Jeremy Hafen, President of Clyde Companies.  They discuss multiple impacts caused by the rising cost of construction materials, including how they affect the way homes are built. They highlight the key role of economic considerations in the supply chain and provide perspective on meeting the demand for housing today and in the future.

(1:55) How inflation is affecting material pricing, sourcing, and delivery(4:17) Potential impacts of possible legislative action on tax treatments of property sales(5:29) Effect of prices and supply chain interruptions on choice of building materials(7:56) Trade policy, capacity, and labor considerations affecting supply chain’s return to normal(9:56) Importance of including economic considerations in a logistics plan(11:15) How parties in the value chain are faring, and whether current conditions are sustainable(12:13) Expectations for costs 10 years out and beyond(13:25) Opportunities for alternative construction materials and practices(15:18) Elements needed to meet long-term expectations for affordable housing demand(18:04) Builder reactions to unexpectedly increased costs(20:20) Potential for home building without lumber(21:45) Perspectives on today’s high demand and prices, and how to move forward(24:21) To what extent the potential for interest rate increases is a concern(26:10) Considerations in estimating demand this year and beyond(29:10) Why MultiGreen is positioned well in the current environment(31:04) Advice on managing collaborative project planning

Additional mentionsWestcor Companies 1031 ExchangeSunproOriented Strand Board (OSB)Price gougingWilliams HomesMerger of Schuler Homes and D.R. HortonIntermountain WestSun BeltWorkforce housingInternal Rate of Return (IRR)Ivory HomesClark IvoryCalicheGrade beamPost-Tensioned (PT) slab3-D printed concreteGreat Recession of 2008Federal ReserveJim ShulerIntegrated Project Delivery (IPD)

Let us know your thoughts on this episode! Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

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© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Underwriting Is Multidisciplinary with Annual Meeting Panelists

Season 01 | Episode 19

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen, hosts a conversation with two members of the MultiGreen team: Steve Morris, Head of Operations, and William Zheng, Senior Associate in Acquisitions. They discuss how attainability shapes every aspect of their work.

(1:44) Beyond financial returns, MultiGreen assesses economic, social, and environmental impact(3:39) In acquisitions, MultiGreen focuses on growing markets with housing supply shortages(6:01) Beyond rent, attainable housing considers energy, water, internet access, and insurance(8:36) As a spin-off of Green Mesa Capital, MultiGreen leverages data center expertise(10:58) Attainability comes from efficiencies and balancing the goals of all project stakeholders(13:56) The multi-revenue business model considers a building as a service(14:31) Concessionary rents can offer above-market returns while providing attainable housing

Additional mentionsMSAs AttainabilityGreen Mesa CapitalBuilding-as-a-Service (BaaS)Rent Concessions

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

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Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Housing Advancement with Christopher Ptomey

Season 01 | Episode 18

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen, speaks with Christopher Ptomey, Executive Director of the Terwilliger Center for Housing at the Urban Land Institute (ULI). Previously, he worked with Habitat for Humanity and the Texas Department of Housing and Community Affairs. They discuss the obstacles that have contributed to the current housing shortage, and innovative policy solutions that cities are using to spur more development of attainable housing.

(1:02) ULI prioritizes market-rate solutions and options exist at all income levels(4:13) Housing shortage is due to lags in income growth, construction, and government action(6:45) “Not in my backyard” attitudes are a key barrier to development, but are unfounded(9:11) A study of how Philadelphia can maintain affordable and viable housing stock(10:48) ULI partners with other housing-focused organizations(15:10) Solving the housing crisis requires building new units but also refurbishing old ones(17:25) By working with communities and refining entitlements, cities can address the shortage(21:39) ULI has study panels in over 10 cities, to make and publicize specific recommendations(25:44) Attainable housing is affordable and adequate while connecting and serving its residents

Additional mentions Affordability Periods NIMBYismRedlining Naturally Occurring Affordable Housing (NOAH) in PhiladelphiaNational Housing ConferenceNational Low Income Housing CoalitionMinneapolis’ Plan to Eliminate Single-Family ZoningULI Asia PacificHousing Attainability

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

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Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Housing Initiatives with Doug Bibby

Season 01 | Episode 17

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen, speaks with Doug Bibby, President of the National Multifamily Housing Council (NMHC). They discuss opportunities that NMHC is exploring to address the severe housing shortage in the US.

(1:14) NMHC represents 1,700 housing-related companies of various types(3:10) What is the difference between attainability and affordability?(4:11) Local policies limit attainability for groups not considered desirable, including renters(6:19) Multifamily housing now offers higher risk-adjusted returns than all other real estate(8:32) A housing advocacy movement is starting to change the conversation about development(11:27) With real estate land use experts, NMHC studied repurposing assets to support housing(13:11) Leveraging federal transportation funds may help exclusionary localities change zoning(13:49) NMHC is building an objective measure of affordable development’s prohibitive expense(16:17) Doug defines attainability as the nexus of aspiration and desire meeting reality

Additional mentions Exclusionary zoning YIMBYUrban Land InstituteCommunity Development Block GrantsConstruction-related Version of the Producer Price IndexAttainability

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

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Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Housing and Coalition Solutions with David Dworkin

Season 01 | Episode 16

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen, speaks with David Dworkin, former Senior Housing Policy Advisor at the US Treasury and current President and CEO of the National Housing Conference. They discuss how the current housing crisis stems from a lack of housing supply, and how the NHC advocates for solutions that will reduce homelessness and make homeownership more attainable for everyone.

(1:02) Eleanor and Franklin D. Roosevelt’s support for affordable housing(3:34) Better incentives are needed to stem high housing prices driven by limited supply(5:30) Tax policy can close the appraisal gap(6:34) Numerous fiscal, policy and zoning initiatives can support affordable housing(7:20) The different types of tax expenditures, appropriations, and private activity bonds(10:08) Today’s housing crisis does not mirror the 2006 - 2008 bubble(10:40) The Law of Supply and Demand is never repealed(12:05) Build Back Better includes an unprecedented +$170 billion in housing funding(14:20) Green housing tends to also be sustainable housing(15:10) High construction costs are stemming from supply chain and tariff issues(18:35) The housing crisis is a vicious cycle, with supply shortages leading to homelessness(20:30) Past policies have reduced interest rate risks, and fixed mortgage lending improprieties(23:42) Creating more housing overall requires balancing regulation and market forces(26:08) Homebuilders like MultiGreen help NHC evaluate changes to the housing system(27:25) Policy changes can help create three million new Black homeowners by 2030

Additional mentions Eleanor and Franklin D. Roosevelt found NHC Why Home Prices Keep RisingTax Credits in Build Back BetterSupporting Rental Housing With Private Activity BondsOpportunity ZonesAligning Zoning, Taxes, and SubsidiesHousing Bubble of the 2000sGreat SocietyNew DealIncreased Lumber TariffsWhen Working People Still Can’t Afford a HomeHousing And Community Development ActDodd-Frank Black Home Ownership Reaches 60-Year Low

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

Subscribe to The MultiGreen PodcastFollow us on LinkedIn, YouTube, Twitter, Instagram and Facebook @ThinkMultiGreen

Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Housing and Mortgage/Rent Solutions with Seth Appleton

Season 01 | Episode 15

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen, and Seth Appleton, President of the Mortgage Industry Standards Maintenance Organization (MISMO), discuss the state of the mortgage industry, including MISMO’s role in supporting all its participants. They explore the current drivers of housing undersupply, note the progress of specific solutions, and highlight home ownership’s unprecedented place as a driver of financial and societal strength.

(1:12) Belief that housing is inherently a bipartisan issue(2:00) Professional experiences that shaped Appleton’s perspective(3:07) How MISMO supports all aspects of mortgage creation(4:03) How mortgage standards have improved since the global financial crisis of 2008(5:15) The mortgage industry’s increased strength since pre-2008(5:38) Housing undersupply is a central challenge today(6:25) Current issues in addressing the supply shortage(7:43) Data highlighting three key housing price and cost issues(8:44) How to address housing cost challenges(11:27) How to address issues on a local level(13:00) Home ownership’s unequaled power as a vehicle to build wealth and community(14:20) BPC Housing Council Conference’s future

Additional mentionsBipartisan Policy Center (BPC) Mortgage Bankers Association MISMOCongressman Blaine Leutkemeyer (Missouri)Subcommittee on Housing, Community Development and InsuranceU.S. House Committee on Financial ServicesFederal National Mortgage Association (FNMA / Fannie Mae)Federal Home Loan Mortgage Corporation (FHLMC / Freddie Mac)Government National Mortgage Association (Ginnie Mae)Joint Center for Housing Studies of Harvard UniversityNational Multifamily Housing Council (NMHC)California’s affordable apartments regularly cost over $1 million to buildCongresswoman Beth Van Duyne (Texas)

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

Subscribe to The MultiGreen PodcastFollow us on LinkedIn, YouTube, Twitter, Instagram and Facebook @ThinkMultiGreen

Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Housing and Capital Market Solutions with Len Wolfson

Season 01 | Episode 14

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen and Len Wolfson, Partner at Fed Hall, discuss the current housing crisis, including its origins and scope. They review recent efforts to address the crisis and highlight potential resolutions.

(0:50) Len’s focus on housing within a boutique government affairs firm(1:28) Causes of America’s massive housing supply shortage(2:26) Inconsistencies in defining the extent of the housing shortage(3:31) Proposed supply-side solutions(4:29) Lack of recent policy focus on housing issues(5:06) Levels of government that can incentivize more housing supply(6:18) How current federal intervention has made core problems worse(6:53) Federal government’s recent Build Back Better Act is a Demand-Side Policy not Supply-Side Policy solution(8:15) Solutions must involve all government levels along with the public and private sectors

Additional mentionsBipartisan Policy Center (BPC)The Great Recession of 2008Terwilliger Center for HousingHousing and Economic Recovery Act of 2008Federal National Mortgage Association (FNMA / Fannie Mae)Federal Home Loan Mortgage Corporation ((FHLMC / Freddie Mac)Joint Center for Housing Studies at Harvard UniversityBuild Back Better Act

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

Subscribe to The MultiGreen PodcastFollow us on LinkedIn, YouTube, Twitter, Instagram and Facebook @ThinkMultiGreen

Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Housing and Economic Solutions with Mark Calabria

Season 01 | Episode 13

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen and Mark Calabria, Senior Advisor at CATO Institute, discuss why current housing policies don’t effectively address today’s housing supply shortage. They consider how to get industry parties to work together on solutions while more broadly inspiring the desire for positive change. They also acknowledge why this is vital not only for housing professionals, but also for the entire country.

(1:10) Why the supply shortage is an issue for housing consumers today(2:40) Identifying areas where the housing market is out of alignment(3:03) Why long-standing federal infrastructure and financing policies don’t work today(7:35) How existing local regulations have become problematic(9:15) How to address expensive delays from permitting and zoning(11:42) Attitudes toward growth are key determinants of housing market health(14:10) How to better align interests among housing industry parties, and more generally(16:55) Why better public understanding of economics is a key to good housing policy(19:50) Informational resources on supply side issues(22:00) Why local housing market solutions are vital to the US overall

Additional mentionsThe Great Depression Federal Housing Administration (FHA)US Department of Housing and Urban Development (HUD)Fannie MaeFederal Home Loan BanksHousing entitlement processPresident Herbert HooverVariance US Government Accountability Office (GAO)Accessory Dwelling UnitFall of the Berlin WallGreat Recession of 2008US Census BureauMercatus Center at George Mason UniversityZoning Rules! The Economics of Land Use Regulation (William A. Fischel)Arbitrary Lines: How Zoning Broke the American City and How to Fix It (M. Nolan Gray)Color of Law: A Forgotten History of How Our Government Segregated America (R. Rothstein)

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

Subscribe to The MultiGreen PodcastFollow us on LinkedIn, YouTube, Twitter, Instagram and Facebook @ThinkMultiGreen

Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).

Attainable Construction and Policy Statistics with Anirban Basu

Season 01 | Episode 12

In this episode, Randy C. Norton, Founder and Chairman of MultiGreen, interviews Anirban Basu, Chairman & CEO of Sage Policy Group. They discuss current challenges to building much-needed housing, and how new construction practices and a new generation of leaders might resolve these challenges.

(1:14) Meaning of Anirban’s name(3:20) Current market conditions: after pandemic, demand is strong, but supply is lagging(5:14) With supply issues, the role of construction attorney has never been more important(8:33) Impact of wasted resources on homebuilding, how to increase efficiency/productivity(11:21) Causes of current labor shortage in construction(14:13) NIMBY opposition is another obstacle, and more immigration could resolve bottlenecks(17:04) Next generation of political leaders, millennials, could solve housing problems(19:46) Prediction of increased multi-family development, but rising delivery costs hurt attainability(21:33) Office and retail space surplus could be converted to housing or other uses

Additional mentionsConstruction Financial Management AssociationWhat is a Construction Attorney?Slow productivity growth in construction industryNIMBY — Not In My Backyard, opponents to housing constructionMillennials — largest generation in US historyAnirban Basu’s SubstackMultiGreen’s Housing Goal

Let us know your thoughts on this episode!Explore the United Nations Sustainability Development GoalsStart a conversation with #ThinkMultiGreen #WorkforcePlus #ProfitWithPurpose #Attainability

Subscribe to The MultiGreen PodcastFollow us on LinkedIn, YouTube, Twitter, Instagram and Facebook@ThinkMultiGreen

Learn more at www.multi.green

© 2019-2021 MultiGreen Properties, LLC. All Rights Reserved.Securities offered through i(x) Securities, LLC (Member of FINRA and SIPC).