Prior posts have addressed: when housing is not affordable; when renters are cost-burdened or severely cost burdened; what factors make housing in a particular area unaffordable; how affordable housing is created; and federal and state programs that provide the subsidies needed for affordable housing. In this post we will look at a case study of […]
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What government resources help create “affordable housing”?
Federal and state governments encourage private developers to build affordable housing. The programs reward developers willing to take development risk with a reasonable developer fee (12-16% of total costs, depending on project size.) Development risk includes planning, entitlement, design, financing, and construction risk. Major federal and state programs for financing the construction of affordable housing […]