Collaboration in Affordable Housing ‘Heartening’ to See
From securing financing to navigating supply chain issues, the industry recognizes that it often takes a village to complete projects.
Recent world events have left their mark on the real estate industry. While challenges like supply shortages, fluctuating costs and the “Great Resignation” have created headaches for most multifamily companies, the stakes are particularly high for designers and developers of affordable housing.
It’s a business where complex and highly-regulated, multi-million dollar projects must be planned years in advance and often executed under tight stakeholder scrutiny. Even in ideal market conditions, limited funding resources make affordable housing an incredibly competitive landscape.
Against that backdrop, how can the multi-family industry best navigate the current market conditions impacting affordable housing development while still embracing the trends driving the future of the industry? CONTINUE READING