"At the recent Affordable Housing Symposium hosted by the UCLA Ziman Center and Fannie Mae, housing and finance experts convened to discuss the barriers to underwriting homes and rental developments in underserved markets. After the 2008 financial crisis exacted a disproportional blow to low and middle-income homebuyers who were involved in adjustable rate mortgages, leaders from the homebuilding, public sector regulation, and finance sectors have been seeking economic pathways for creating affordable housing supply in cities such as Los Angeles. However, the cost of building affordable housing continues to be an evolving obstacle, as ballot initiatives requiring prevailing wages and increased regulations are making some projects untenable. Below is an excerpt from a expert panel featuring David Battany, Guild Mortgage; Stuart A. Gabriel, UCLA Ziman Center for Real Estate; Robin Hughes, Abode Communities; and Jeff Kearns, Walker & Dunlop, moderated by Tia Boatman Patterson, California Housing Finance Agency."
Recent Comments