Uncertainty is running rampant across every facet of our lives right now, including real estate and the affordable housing sector.
Among all of the changes that we are seeing across the country, the one thing that remains is the need for affordable housing.
Despite a record economic expansion over the past 10 years, affordable housing has become increasingly unattainable. With a recession on the horizon, there is a concern over how the government will continue to be able to support affordable housing production.
Many investors and lenders are waiting to see what happens in the near future and how affordable housing owners get through the coming months when rents will likely stop coming in as they normally do.
“So while the immediate pipeline is a concern, as is lenders’ unwillingness to lend into such uncertainty, savvy affordable housing builders could see the coming correction as a buying opportunity they haven’t had in more than a decade.”