The affordable housing market is under significant pressure on multiple fronts. Interest rates have increased at a historically rapid rate. Construction prices remain elevated. Insurance premium increases are straining operating budgets. Federal COVID stimulus money has been spent. Yet, the need for affordable housing is as acute as it’s been in many decades. The need has become a crisis in many of America’s cities. Local governments are increasingly examining every possible policy and funding tool available to leverage the preservation and production of affordable housing. And private-sector actors like banks, anchor institutions, and large corporations are increasingly interested in new and creative ways to participate in solving the affordable housing crisis. The panel will feature funders who have developed creative models for investing in affordable housing in collaboration with public sector partners. We believe that the conference’s attendees, especially those in the public sector, will benefit from hearing how different funders think about investing in affordable housing. What kinds of impact do they care about? What kinds of risk are they willing to absorb versus mitigate? How do they find synergies with the numerous other funding sources necessary to finance an affordable housing deal?
Collaborating to Close the Gap: How Public and Private Sector Funders Have Worked Together to Pioneer New Approaches to Preserving and Producing Affordable Housing
