The biggest threat to affordable housing right now? Climbing interest rates.

Rising interest rates are putting a damper on efforts to build affordable housing across the U.S. According to developers, rates offered by national lenders have steadily increased in the past two years. Bridge Housing, one of the largest affordable housing developers on the west coast, told the Wall Street Journal that rates for both short- and long-term debt have been on the incline. “It makes the difference between feasibility and infeasibility,” Cynthia Parker, president and […]

source https://therealdeal.com/2018/08/14/the-biggest-threat-to-affordable-housing-right-now-climbing-interest-rates/