Not exact matches
HCR's Rural and Urban Community Investment Fund supports retail, commercial or community facility components
of mixed - use
affordable housing developments in urban and rural communities statewide, as well as supporting
preservation of existing
affordable multi-family
rental housing in rural areas
of the State.
Affordable Housing practice group leader Stephen Wallace and
Affordable Housing strategic policy advisor Deborah VanAmerongen are featured throughout this article highlighting Nixon Peabody's successful closing
of the first four
Rental Assistance Demonstration (RAD) Component 2
preservation projects using 20 - year Sec. 8 Project - Based
Rental Assistance (PBRA) contracts in the nation.
We encourage the removal
of policy and program disincentives that inhibit owner participation in the development
of new
rental housing or the
preservation of existing safe and
affordable rental housing.
These solutions must address incentives for the production
of new
affordable and workforce
housing, the
preservation of existing
housing (especially important for meeting the needs
of workforce
housing), reducing the cost
of developing new
affordable housing, the efficient use
of the growing inventory
of single - family
rental housing and increased subsidies to low income and workforce
housing renter households.
I can tell you as an active fund manager in the nationwide
preservation of affordable housing, the competition to acquire buildings most difficult to match is in the form
of either investors who project spending little (if any) in capital improvements (to maximize cash flow) or those who plan to displace these
affordable residents by petitioning to remove the
rental restrictions and bring the apartment community back to market
rental rate returns.