What Future Demand Means for Housing Opportunity
February 28, 2013
Thursday, March 21, 2013 — 11:00 a.m.−12:15 p.m.
What Future Demand Means for Housing Opportunity
As the economy begins to show signs of improvement, what will happen to the millions of households that have not yet formed or have been forced into new configurations as a result of the Great Recession? How should the real estate industry respond to the release of pent-up demand and what policy and finance changes may be needed to support this response? Join the discussion as panelists share ideas on creating and sustaining housing opportunities for individuals and families across a range of incomes in the face of rapidly shifting demographics and preferences.
Watch the Session
Below is a YouTube playlist of five short videos recorded during the session. Watch all five videos or advance using the Playlist feature.
Speaker Biographies and Presentations
Peter C. Burley, REALTOR University Research Center (moderator)
Peter Burley is director of the Center for Real Estate Research at REALTOR University in Chicago. A real estate market and economics research professional with extensive executive experience building and managing strategic research platforms for the real estate industry, Burley is recognized for his analyses of national and regional economic, demographic, industry, and property market trends and for his development of real estate portfolio investment strategies.
Prior to taking the reins at the Center, Burley was vice president of research at Simpson Housing LLP, a multifamily development and management firm, and director of research at Amstar Group Ltd., a private global investment firm. As senior staff researcher at the Allstate Research and Planning Center in California, he developed real estate investment strategies for the Allstate Insurance Companies.
Burley has spoken often to various groups and organizations inside and outside the real estate industry, and has published numerous articles on current and expected trends in the economy and real estate markets. His views have been quoted in various newspapers. He is a counselor of real estate, a fellow of the Homer Hoyt Institute, a fellow of the Royal Institution of Chartered Surveyors, a member of the advisory board of the Real Estate Research Institute, and a national policy and industry panelist for the National Association for Business Economics, and served as editor-in-chief of the professional journal Real Estate Issues for four years. Burley holds a graduate degree in urban economic geography from the University of California, where he also earned undergraduate degrees in economic geography and political science. He holds a lifetime college teaching credential and taught economic geography and spatial analysis at the University of California before entering the private sector.
David Crowe, National Association of Home Builders
David Crowe is chief economist and senior vice president at the National Association of Home Builders (NAHB). He is responsible for NAHB’s forecast of housing and economic trends, survey research and analysis of the homebuilding industry and consumer preferences, and microeconomic analysis of government policies that affect housing.
Crowe is also responsible for the development and implementation of an innovative model of the local economic impact and fiscal cost of new-home construction, which has estimated the net impact of new housing in more than 500 local markets. Past research has concentrated on homeownership trends, tax issues, demographics, government mortgage insurance, local land use ordinance impacts, and the impacts of housing on local economies.
Before becoming chief economist at NAHB, Crowe was its senior vice president for regulatory and housing policy. Prior to joining NAHB, he was deputy director of the Division of Housing and Demographic Analysis at the U.S. Department of Housing and Urban Development (HUD). He has served on federal advisory committees to the U.S. Census Bureau and to HUD.
Crowe holds a PhD in economics from the University of Kentucky.
Katlin Jackson, Heartland LLC
As a project manager at Heartland, Katlin Jackson combines rigorous financial analytics and innovative practices to help public and private sector clients create projects and places that optimize their social, economic, and environmental potential. Her work spans Heartland’s portfolio, from major public/private partnerships to urban adaptive use and second-home communities. Prior to joining Heartland, Jackson worked with a small entrepreneurial residential real estate development company in Seattle, where she worked on master-planned communities and residential construction projects, with an emphasis on project financing.
Jackson graduated with an MS in real estate with a development and finance specialization from the College of Built Environments at the University of Washington and earned a BA in psychology from the University of Washington. As she is extremely passionate about advancing concepts of sustainability within the real estate industry, Jackson completed the Sustainable Building Advisor Program and is certified as a Permaculture Designer. During graduate school, she was a member of the Runstad Center Affiliate Fellows Program, a group of real estate professionals and graduate students focusing on the relationship among sustainability, the economy, and real estate. Jackson serves on the leadership team for the Urban Land Institute’s Young Leaders Group, the ULI Sustainable Leadership Task Force, and the Virginia Mason Medical Center Major Institutions Master Plan Citizens Advisory Committee, and is a licensed real estate broker in the state of Washington. She also is the founder of Haiti Babi, a nonprofit focused on economic development in Haiti.
Jessica Katz, NYC Department of Housing Preservation and Development
Jessica Katz is the assistant commissioner for special needs housing for the New York City Department of Housing Preservation and Development (HPD), the largest municipal housing agency in the United States. The Special Needs Housing Division at HPD has developed more than 14,000 units of supportive housing in all five boroughs of New York City. HPD’s Supportive Housing Loan Program (SHLP) lends up $80 million per year to nonprofit supportive housing developers. SHLP develops housing with on-site social services for a variety of populations including the following: individuals and families who are homeless; people who have a mental illness or a substance abuse disorder; those living with HIV/AIDS; youth aging out of foster care; disabled veterans; and other populations who are able to live independently in the community with the assistance that supportive housing offers.
Prior to joining HPD as assistant commissioner, Katz was the executive director of the Lantern Group, a nonprofit social service agency and supportive housing developer. She has also served as a board member for the Supportive Housing Network of New York. Prior to moving to New York City, Katz worked in supportive housing development in Massachusetts. She holds a BA in urban geography from McGill University in Montreal and a master’s degree in city planning from the Massachusetts Institute of Technology.
Caroline Kenney, Urban Atlantic
Caroline Kenney is a development partner with Urban Atlantic, a Washington, D.C.−based real estate development firm specializing in large-scale, mixed-use urban redevelopments, often through public/private partnerships. She recently completed the firm’s $109 million Rhode Island Row project, a mixed-income, residential and retail transit-oriented community in Washington, D.C., overseeing the project from predevelopment through design, finance, construction, leasing, and operations. As a member of the firm’s new business team, Kenney heads corporate marketing and communications efforts, as well as investment proposals and responses to development solicitations. She also performs analysis and due diligence for new acquisitions, and serves as asset manager of a portfolio of mixed-income rental properties spread across several states.
Previously, Kenney was a development manager of affordable housing projects for East Lake Management and Development Corp. (Chicago), new communities program consultant with Local Initiatives Support Corporation (LISC) Chicago, and resource development manager for the not-for-profit Lawndale Christian Development Corporation (Chicago). At Lawndale, she developed and implemented the organization’s fundraising and communications plan, raising more than $500,000 in new annual operating funds of a total $1.2 million budget.
Kenney holds a master’s degree in urban planning and policy from the University of Illinois at Chicago and a bachelor of arts in political philosophy from Wheaton College in Wheaton, Illinois. She is a LEED Accredited Professional, sits on grant review panels for the District of Columbia Commission on the Arts and Humanities, chairs the Urban Land Institute’s Young Leaders Exchange Program, and serves in several volunteer capacities through her church with at-risk youth and underemployed/unemployed adults.