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In the Future, You Will Build Your City

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housing, real estate, gay news, Washington Blade
fundrise

(Photo courtesy of Fundrise)

PAID ADVERTORIAL

By Brandon Jenkins, Co-Founder, Fundrise

Take a moment to imagine yourself on the sidewalk. Picture the buildings surrounding you. Now, answer this: Who owns each building? Who profits from the places you go to?

The answer: not you, and probably not anyone you know.

In 2012, we were looking to purchase a worn-down building in an up-and-coming area of Washington, DC ā€” H Street NE. We went out to raise money from investors across town and in New York, most of whom had never heard of and never been to the neighborhood. The investment funds and wealth advisors looked at us confused when we told them what we were doing.

Our friends and neighbors, on the other hand, thought it was amazing. They understood the opportunity and our vision, because it was their vision, too. The community, the customer and the local residents were excited about what we were doing, but the investors didn’t know what we were talking about.

At that time, only high net-worth, accredited investors were allowed to invest in these types of commercial real estate projects, while the other 97% of the population was excluded. As a citizen of Anytown, USA, it was easier to invest in a Japanese manufacturing company than to invest across the street.

So, we started Fundrise with a simple goal: give everyone the opportunity to invest in real estate.

This was before crowdfunding or the Jumpstart Our Business Startups (JOBS) Act were on the table, and everyone we spoke to told us that our idea was impossible.

Well, they were wrong. It is possible.

After nearly a year of working with lawyers and the Securities and Exchange Commission, we got there. We raised $325,000 from 175 local residents who believed in their community and wanted to own part of a building in their neighborhood.

Then we did it again and raised $350,000 from 361 investors. Then again. The first time it took us three months to raise the money. Our most recent public offering, 1539 7th Street NW in Shaw, raised over $100,000 in two hours.

Now weā€™ve had nearly 1,000 investors invest over $10 million in 19 deals in cities like Austin, Indianapolis, New York, Philadelphia and Washington, DC and we have plans to make it to even more cities soon.

Itā€™s caught on because it’s intuitive. It makes sense.

Imagine if you invested in your neighborhood. You could transform vacant buildings in your city. You could actually see your money at work and own something tangible. One of our $100 investors showed off the H Street property building to his mom and dad when they came to town. Thatā€™s powerful.

So, what would you build? A bookstore? New restaurants? More day care centers? Affordable housing? What would it be like to live in a city you built?

With Fundrise, everyone will be able to find out.

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Real Estate

Snatching your dream home in D.C. this winter

A good time to get a deal during slower season

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Dreaming of a D.C. home? Winter is a great time to buy. (Photo by dmiller/Bigstock)

If you’re thinking about planting roots in the DC Metro, then the winter months are a time when you can get a good deal during a slower time in the market. D.C. isn’t just for politicians and monuments; itā€™s a city brimming with diverse neighborhoods, chic eateries, and more rainbow flags than you can shake a stiletto at. But before you slip into those house-hunting boots, letā€™s make sure youā€™re well equipped for the real estate game in our nationā€™s capital.

1. Credit Check. Before you even start ogling those gorgeous row houses in Capitol Hill or swooning over condos in Logan Circle, make sure your credit score is ready. Lenders love to see a credit score thatā€™s as high as my hair. If itā€™s looking a little low, then pay down those cards and keep your balances low.

2. Budget Realness. We all love a little splurge now and then (those D.C. brunches aren’t cheap), but buying a home is no time for financial fantasy. Work out your budget and know what you can afford monthly. Factor in those hidden costs like HOA fees and property taxes. Stay within your budget so you can keep rocking those designer threads without a sweat.

3. Location, Location, Location! D.C. is all about neighborhoods with character. Are you more of a Dupont Circle fan or perhaps Petworth? Maybe you fancy the historic vibes of Georgetown or the up-and-coming cool of Navy Yard. Each neighborhood has its own vibe and price tag, so do your homework and figure out where you fit in. Pro tip: Visit at different times of day to really feel the neighborhoodā€™s pulse.

4. Find a Real Estate Agent. Find yourself a real estate agent who not only knows the market but also gets you ā€” someone who can dish out honest advice and help you avoid any missteps. The right agent will be your guide, confidante, and maybe even your future brunch buddy. Remember, youā€™re in this together, so choose someone whoā€™s as excited about finding your dream home as you are.

5. Mortgage Pre-Approval ā€“ The Golden Ticket. Nothing says ā€œIā€™m seriousā€ like a pre-approval letter from your lender. It’s the ultimate accessory to your house-hunting outfit, giving sellers that warm, fuzzy feeling that you’re not just window shopping. Plus, it helps you know exactly how much home you can afford, so youā€™re not falling head over heels for something out of reach.

6. House Hunting: The Fun Part! Time to put on your walking shoes and start touring. Donā€™t be afraid to ask questions, take notes, and envision yourself hosting fabulous dinner parties in these spaces. But be prepared to act fast. D.C.ā€™s real estate market moves quicker than a ā€œRuPaulā€™s Drag Raceā€ elimination round, so if you find ā€œthe one,ā€ donā€™t hesitate to make an offer.

7. Inspection, Baby. Once youā€™ve got an offer accepted, itā€™s time for the home inspection. Think of it as the all-important makeover montage. You want to uncover any issues before they become your problems. Trust your inspector and get those deets ā€” everything from the roof to the basement needs a thorough once-over.

8. Closing Day ā€“ Youā€™ve made it. The grand finale! You’ve done the work, and now itā€™s time to close the deal. Gather your paperwork, bring your ID, and maybe wear something that screams ā€œIā€™m a homeowner!ā€ After the signatures and happy tears, the keys are yours. Pop the Champagne and toast to your new fabulous life in D.C.

Final Thought: Love is Love, and Home is Home. Remember, your home should be a place where you feel comfortable, safe, and fabulous. Whether you’re single, partnered, or part of a chosen family, the D.C. Metro offers a vibrant, inclusive community that’s ready to welcome you with open arms. So go out there and claim your slice of this iconic city ā€” youā€™ve got this.


Justin Noble is a Realtor with Sothebyā€™s International Realty licensed in D.C., Maryland, and Delaware for your DMV and Delaware beach needs. Specializing in first-time homebuyers, development and new construction as well as estate sales, Justin provides white glove service at every price point. Reach him at 202-503-4243, BurnsandNoble.com or [email protected].

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Real Estate

2024 D.C. residential real estate market in review

Insights and trends for the LGBTQ community

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The year 2025 promises big changes in the local real estate market as the Trump administration takes office. (Washington Blade file photo by Michael Key)

As 2024 ends, the residential real estate market reflects a year of notable shifts, with both progress and setbacks impacting LGBTQ homebuyers and sellers. While strides have been made in fostering inclusivity in some areas, the overall landscape has grown increasingly complex. The political climate, coupled with emerging challenges to diversity, equity, and inclusion (DEI) programs, has significantly influenced the housing market and the LGBTQ+ community’s experiences within it.

Impact of Political and Social Shifts

The incoming Trump administration has signaled a rollback of DEI initiatives across various industries, and housing is no exception. Efforts to reduce funding for fair housing programs and weaken protections against discrimination have raised concerns for LGBTQ individuals seeking equitable access to housing. Many previously inclusive initiatives in real estate development and local government policy may be scaled back or abandoned altogether, creating a climate of uncertainty.

Despite these challenges, organizations like GayRealEstate.com continue to advocate for LGBTQ buyers and sellers, providing a critical safety net in an increasingly polarized environment.

  1. Increased Caution in Relocation Decisions:

LGBTQ+ individuals and families have grown more deliberate in choosing relocation destinations. States with strong anti-discrimination protections, such as California, New York, and Massachusetts, remain top choices, while states perceived as less LGBTQ+ friendly have seen a decline in migration.

  1. Emergence of “Safe Zones”:

Many LGBTQ+ buyers are seeking out neighborhoods and cities that actively uphold inclusivity despite national trends. These “safe zones” often feature strong community support and resources, but their limited availability can lead to higher housing costs.

  1. Barriers to Homeownership Persist:

Discrimination in lending and housing remains a significant challenge. If you experience discrimination in lending or housing, itā€™s essential to report it and seek support.

At the Local Level: Report incidents to your city or stateā€™s Fair Housing Office or Human Rights Commission. To find your local office, check your city or state government website for contact details.

At the National Level: U.S. Department of Housing and Urban Development (HUD):

  • Phone: 1-800-669-9777 (Toll-Free)
  • TTY: 1-800-877-8339
  • Online Complaint Form: HUD Discrimination Complaint

Additionally, working with an LGBTQ professional through GayRealEstate.com provides an added layer of security and advocacy. These experts understand your unique needs and are committed to ensuring you experience a fair and inclusive home-buying or selling process. 

  1. Focus on Financial Security:

With the economic uncertainty brought about by political shifts, LGBTQ buyers are prioritizing affordability and long-term financial stability. This has led to increased interest in shared housing arrangements, multi-generational living, and cooperative housing solutions.

  1. Advocacy for Fair Housing Protections:

Advocacy groups and legal organizations are ramping up efforts to defend and expand fair housing protections for LGBTQ individuals. These efforts remain a crucial counterbalance to the rollback of federal DEI programs.

Challenges and Opportunities in the Current Climate

The expected rollback of federal protections and reduced funding for fair housing programs will pose significant challenges, particularly in regions already struggling with inclusivity. However, the resilience of our LGBTQ+ community and our allies has created opportunities for grassroots movements to push for local-level inclusivity and support.

Looking Ahead to 2025

As the new administration takes office, the housing market’s inclusivity for LGBTQ individuals may face further obstacles. However, the strength of community-driven initiatives and the unwavering support of advocacy organizations like GayRealEstate.com (and the 21+ National LGBTQ non-profit organizations they support financially monthly) offer hope for continued progress at local and regional levels.

LGBTQ buyers and sellers are encouraged to stay informed, seek out trusted allies in the real estate industry, and leverage platforms like GayRealEstate.com to ensure their home-buying or selling experience remains as smooth and equitable as possible.

Despite the challenges of an evolving political and social climate, one thing remains certain: LGBTQ individuals have allies who stand by their side, fighting for equality and inclusivity in housing and beyond. For more than 30 years, GayRealEstate.com has been a steadfast advocate for LGBTQ rights, helping thousands of individuals and families navigate the home-buying and selling process safely and confidently.

Not only does GayRealEstate.com connect clients with LGBTQ-friendly agents, but the organization also actively supports LGBTQ non-profit initiatives, ensuring that the community continues to thrive. No matter the obstacles ahead, we want you to know: Weā€™re not going anywhere.

Whether youā€™re buying, selling, or relocating, GayRealEstate.com is here to provide the expertise, resources, and unwavering support you deserve. Together, weā€™ll continue building a brighter, more inclusive futureā€”one home at a time.


Jeff Hammerberg is founding CEO of Hammerberg & Associates, Inc. Reach him at 303-378-5526 or [email protected].

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Autos

SUV rundown: ā€˜tis the season for traveling

6 standouts whether trekking home for the holidays or taking daily commutes

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Here are six standout SUVs from which to choose if youā€™re looking for a new ride this holiday season.

BMW X5

Price range: $67,000-$90,000

MPG: 23 city/27 highway

0 to 60 mph: 5.3 seconds

Cargo space: 72.3 cu. ft.

WHATā€™S TO LIKE: With a base model nudging $70,000, the midsize BMW X5 costs a pretty penny. Yet this dream machine offers a choice of boffo engines, exciting handling and enticing features. Four trim levels, including a plug-in hybrid and gnarly M60i (a V8-powered ride that costsā€”yikes!ā€”$20,000 more but scoots from 0 to 60 mph in just 3.6 seconds). Spacious, too, with oodles of room. And if youā€™re jonesing for glitz, thereā€™s a glass-trimmed shifter that looks like real crystal, massaging seats, panoramic roof with embedded LED lighting, rear window shades and more. Thereā€™s also the latest tech: 12.3-inch digital display, 14.9-inch infotainment touchscreen, wireless charger and 20-speaker Bowers & Wilkins stereo. Pricey? Yes. Worth it? Drive one and see. 

BUICK ENCORE

Price range: $27,000-$34,000

MPG: 29 city/31 highway

0 to 60 mph: 8.8 seconds

Cargo space: 50.2 cu. ft.

WHATā€™S TO LIKE: Buick keeps hitting the high notes with its bravura designs, and the Encoreā€”a sassy subcompactā€”is no exception. Surprisingly spry, with comfy seats, concise handling and a classy cabin. Thereā€™s beaucoup standard gear, including remote start, LED headlights, smartphone integration and the latest safety systems. Open your wallet a bit more to add larger wheels, 360-degree camera, hands-free liftgate, Bose audio and other niceties. A big plus: lotsa storage. Alas, not the peppiest engine, but capable enough to not feel sluggish. Compared to upscale divasā€”Audi Q3, BMW X1,Mercedes GLA 250ā€”the affordable Encore deserves, well, an encore. 

GMC ACADIA 

Price range: $44,000-$57,000

MPG: 20 city/27 highway

0 to 60 mph: 6.7 seconds

Cargo space: 97.5 cu. ft.

WHATā€™S TO LIKE: The third-gen Acadia, redesigned for 2024, is the best yet. This full-sizer is now larger, more potent and full of gizmos, including hands-free driving assist, wireless charging, Wi-Fi and more. For off-roading, thereā€™s a tighter suspension, all-terrain tires and even a steel skid plate. My only beef was with the automatic braking system, which scared me silly the first time I was backing into a garage. The driverā€™s seat began vibrating and buzzing wildly, even though there was nothing nearby. Then the brakes slammed onā€”hard. Most vehicles only beep or apply the brakes when too close to an object. This, though, felt and sounded like a manic whoopee cushion. But yes, after driving the Acadia for a week, I missed having such a quirky alert on my next test vehicle.

JEEP GRAND CHEROKEE 

Price range: $37,000-$69,000

MPG: 19 city/26  highway

0 to 60 mph: 7.4 seconds

Cargo space: 70.8 cu. ft.

WHATā€™S TO LIKE: A glam ride on a gutsy chassis. Earlier this year I reviewed the mid-range Overland model. Now it was time for the top-of-the-line Summit Reserve. Mixing pizzazz, power and pampering, this gung-ho SUV spoiled me good. And at $69,000, it should. This is BMW X5 territory, yet the Jeep delivers virtually the same creature comforts and advanced safety monitors. The seats may not be as taut, but thatā€™s a minor quibble. A trailer-tow package also canā€™t be beat: automatic headlight leveling, load-leveling rear suspension, and heavy-duty cooling and electrical systems.

LINCOLN NAUTILUS 

Price range: $52,000-$75,000

MPG: 21 city/29 highway

0 to 60 mph: 7.2 seconds

Cargo space: 71.3 cu. ft.

WHATā€™S TO LIKE: Lincoln previously appealed mainly to Gramps and G-ma, but now the target is a younger crowd. For the midsize Nautlius, this means mod styling, a finely crafted interior and eye-popping features like a four-foot digital display. The ginormous screen is part of a sweeping dashboard that stretches onto the door panels. Handling and cornering are smooth yet sporty, especially in the new hybrid model. When the Nautilus was parked, I could indulge in some guilty pleasures with a multisensory setup that integrated the panoramic screen, surround-sound stereo, massaging seats and a fragrance diffuser into a truly spa-like ambiance. Nirvana, indeed. 

SUBARU FORESTER 

Base model: $29,000-$38,000

MPG: 26 city/33 highway

0 to 60 mph: 9.3 seconds

Cargo space: 74.2 cu. ft.

WHATā€™S TO LIKE: Solid, steady, a sure thing. Thanks to all-wheel drive, the Foresterā€™s handling is excellentā€”especially in rain or snow. And even though this is no speedsterā€”the powerplant is a tad pokeyā€”the fuel economy outshines most rivals. My test drive was the midrange Sport model, which boasted 18-inch black-painted wheels, raised roof rails, foglights, tinted rear windows and an all-weather package with a windshield-wiper de-icer. Best of all: the cargo room was big enough for all my holiday shopping, including a very wicked outfit for my husbandā€”my own Prince Fiyero.

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