Currently Reading

Financing for Affordable Housing Is Increasingly Harder to Secure  


Financing for Affordable Housing Is Increasingly Harder to Secure  

By Peter Fabris May 28, 2020
Apartment building exterior
Photo: bakerjarvis

Developers of affordable housing are having a tougher time lining up financing. Amid the COVID-19 pandemic, there is significant uncertainty that is making lenders reticent, according to real estate development executives.

Affordable housing tenants typically don’t have significant cash reserves and the delinquency rates during the pandemic have gone up. All forms of construction financing have gotten more difficult to secure, but affordable housing stands out.

Lenders want to throttle back on the amount of leverage they have and be able to sell off loans that they make. Uncertainty over lease-up and rental levels during the economic crisis complicates their efforts.

Read More

Related Stories


Why Did Mortgage Rates Rise Last Week?

The recent uptick in mortgage rates come as a result of the senate runoff elections in Georgia last week, says Zillow. The close race in Georgia…


Mortgage Rates Creep Up, Send Homeowners Running to Refinance

Homeowners who have been hesitant to refinance their mortgages are now running as mortgage rates creeped up last week. Going from 2.86% to 2.88%…

High-Performance Homes

Jim Nostedt on How High Performance Can Beat 
Code-Built Homes on Price

SEEFAR's Jim Nostedt shares how an appraisal/analysis called Total Cost of Building Ownership reveals the true cost of building and operating a sustainable building


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.