Capital Crunch Stymies Affordable Housing Developers

Capital Crunch Stymies Affordable Housing Developers

One thing most people can agree on when it comes to affordable housing is that there’s not enough of it.

“The sobering news is that supply continues to shrink for very low and low income renters,” says Bob Simpson, vice president of Borrower Relationships and Special Asset Classes for Fannie Mae. Since 2011, the number of units that are affordable to very low income renters has declined by 200,000 units. The current size of the existing subsidized re

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