There are glimmers of hope, even in an election year.
Similar measures have been defeated twice before.
Standard Communities enters Colorado’s affordable housing market with a $1B acquisition of 6,000 units across four states, bolstering housing affordability.
Regulations and management duties mean affordable housing has traditionally been less attractive. That’s changing as players build their knowledge bases.
Though major donors have not coalesced around affordable housing in Houston, developers remain steadfast in their mission.
With the Trump administration slashing HUD funding, developers worry it will be hard to build affordable housing, even in states that are making it a priority.
The Mayor's Office of Housing awarded the funds to 12 development teams with projects in eight Boston neighborhoods.
The fund, which includes money from the city and private institutions, will be used to acquire housing units across the city and preserve them as affordable.
Bisnow's May 7 Los Angeles Affordable Housing Conference will gather commercial real estate professionals for networking and discussing trends and developments.
The way the Low-Income Housing Tax Credit program is administered makes building affordable projects much costlier than their market-rate counterparts.
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