Government programs for funding affordable housing
When it comes to building, and funding affordable housing, sources are limited and there are many obstacles. In this blog, we take a look at the different funding sources available to developers. Read more in our new blog.
Builders Patch • July 27, 2022
L.A. County’s historic General Hospital is set to be converted into affordable housing
Los Angeles County officials are moving forward with a plan to convert the mostly vacant General Hospital building, on the site of L.A. County-USC Medical Center, into affordable housing units. The Board of Supervisors approved a motion Tuesday to begin creating construction and financial plans for the project.
The Los Angeles Times • July 27, 2022
Why it's so hard to find an affordable apartment in New York
A longstanding housing shortage, partly fueled by those old constraints, is inflaming a crisis in affordability. The problems reflect a national phenomenon and are further fueled by the popularity of New York City itself. More people want to live here than the city can accommodate, driving up prices for the housing that is available.
The New York Times • August 1, 2022
JPMorgan Chase simplifies affordable housing financing
“Affordable housing transactions are complex, and if we can make it easier on our clients by providing debt and equity under the JPMorgan Chase umbrella, then that’s what we do,” Toye said. “Without both debt and equity, these developments can’t take place."
Commercial Observer • August 1, 2022