Power of partnerships in affordable housing: insights from our Bisnow panel
Our founder and CEO, Kanan Ajmera, was one of the panelists at this year's Bisnow Multifamily Annual Conference. Read what she and other panelists had to say on the power of partnerships in the affordable housing industry.
Builders Patch • December 3, 2022
Technology investments improve CDFIs’ small business lending and make them more competitive
New research from the Urban Institute shows that technology investments can help CDFIs serve their small business clients even more effectively and efficiently. In fact, CDFIs that received technology grants before the pandemic were better positioned to respond to the crisis, according to 2021 research also by the Urban Institute.
Opportunity Finance Network • Dec 1, 2022
A hotel was set to become affordable housing. Then the union stepped in
At the height of the Covid-19 pandemic, the Paramount Hotel, sitting empty in Times Square, was on the verge of turning into a residential building, offering a rare opportunity to create affordable housing in Midtown Manhattan. But after 18 months of negotiations, the plan collapsed this year when a powerful political player intervened: the Hotel and Gaming Trades Council, the union representing about 35,000 hotel and casino workers in New York and New Jersey.
The New York Times • December 7, 2022
As the NYC housing crisis worsens, Mayor Adams' office releases a report on how to accelerate the approval and building process
New York City’s population growth has outpaced housing construction. Over the last decade, the city added 800,000 residents but only 200,000 new homes, according to the mayor. Check out the report released by his office, outlining more than 100 steps to accelerate the approval and building process.