For affordable housing developers, this year brings more resources—and many familiar challenges.
As always, shifts in the debt and equity markets will be critical as they piece together financing for their developments.
“We believe the affordable housing debt market is trending more positively this year compared to the past two years, though there are market and political variables that indicate that there may be volatility,” says Jeffrey Goldberg, CEO and co-founder of Fairstead, a national developer and owner. “We’re also optimistic on the interest-rate side as there is continued pressure to bring rates down and tighten spreads, while demand for affordable housing debt remains strong, due to large direct buyers.”
At this time, he expects to see lower interest rates and a better ability to find debt options.
