109 Billions for Construction Rehabilitation from President Biden

Episode 109 of The DYOJO Podcast, we are talking about construction opportunities. Our main story centers around an October 16, 2023 announcement from the White House. This press release outlines new actions on home ownership including $16 billion dollars designated for housing and rehabilitation. CONSTRUCTION STORIES: President Biden proposed $16 billion for the Neighborhood Homes Tax Credit, which would result in more than 400,000 homes built or rehabilitated, creating a pathway for more families to buy a home and start building wealth. The market is in flux right now, especially the housing market. For contractors looking to diversify their portfolio, it may be time to freshen up on what it looks like to work with the federal, state, and local government agencies that are looking to spend this “Build Back America” money. This story shows that at least some of those proceeds, if not additional funding, will be going into the residential market for housing assistance, hopefully, more people will be able to get into affordable housing, as well as housing rehabilitation, allowing homeowners to access low-interest loans for safety, accessibility, and necessary renovations to their existing homes. Thursdays are for The DYOJO Podcast - helping contractors shorten their DANG learning curve. Join host Jon Isaacson as we explore contractor stories, experiences, and best practices to help listeners thrive in the skilled trades. EPISODE 109: 0:00 President Biden announces $16 billion for housing 0:58 Lessons learned from Detamore and RJC 4:07 The temptation of the big construction payout 7:15 Rehabilitation and 203(k) loans 10:32 Unique opportunities for contractors 13:53 Federal, state, and local government contracts 16:23 Closing thoughts and natural gas bans THANK YOU SPONSORS: EPIC Estimates - Any estimate, anywhere, anytime. Let the award-winning EPIC Estimates help your team write the next Xactimate or Symbility estimate. Freeing your team up to do what their good at, while helping your business maximize productivity and profitability. Restoration Industry Association (RIA) - Connect and collaborate with your industry peers through the largest non-profit professional trade association dedicated to the unique plight of restoration contractors. Join us April 8-10, 2024 in Dallas for the Restoration Industry Association Convention and Industry Expo. Discounts are available for early registration. Washington Business Brokers partners with business owners to confidentially explore selling their business with discreet, objective counsel and insight into market activity and comparable private transactions. Encircle - The only all-in-one field documentation solution. Visually document and present high-quality reports, so there are no questions asked. Their floorplan tool now integrates with Xactimate to create an ESX for estimating. So, You Want To Be A Project Manager? The third book from Jon Isaacson, written to help those wanting to advance their careers in the skilled trades. This book covers the mindsets and habits for construction project management with an emphasis on property restoration. MUSIC Theme - It's Only Worth It If You Work For It by NEFFEXOpening - Organic Guitar House by Dyalla CREDITS The DYOJO Podcast is produced by The DYOJO (D-Y-O-J-O). Host Jon Isaacson, the Intentional Restorer, is an author and contractor based in Puyallup Washington. You can find out more about this podcast, including blog posts with content references, as well as Jon’s books for contractors and other services at thedyojo.com. If you have enjoyed this content, please like, subscribe, and share.