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There are glimmers of hope, even in an election year.
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Similar measures have been defeated twice before.
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Standard Communities enters Colorado’s affordable housing market with a $1B acquisition of 6,000 units across four states, bolstering housing affordability.
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Regulations and management duties mean affordable housing has traditionally been less attractive. That’s changing as players build their knowledge bases.
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Though major donors have not coalesced around affordable housing in Houston, developers remain steadfast in their mission.
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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.
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The Mayor's Office of Housing awarded the funds to 12 development teams with projects in eight Boston neighborhoods.
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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.
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Bisnow's May 7 Los Angeles Affordable Housing Conference will gather commercial real estate professionals for networking and discussing trends and developments.
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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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