{"id":136,"date":"2025-03-20T18:32:32","date_gmt":"2025-03-20T18:32:32","guid":{"rendered":"https:\/\/innovationscdc.org\/blog\/?p=136"},"modified":"2025-05-08T17:36:48","modified_gmt":"2025-05-08T17:36:48","slug":"how-is-affordable-housing-going-to-get-financed-if-federal-support-is-slashed","status":"publish","type":"post","link":"https:\/\/innovationscdc.org\/blog\/2025\/03\/20\/how-is-affordable-housing-going-to-get-financed-if-federal-support-is-slashed\/","title":{"rendered":"How is affordable housing going to get financed if federal support is slashed?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Bisnow <em>The First Draft<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2014 Mark F. Bonner, Jay Rickey, Catie Dixon and Kayla Carmicheal<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/links.bisnow.com\/u\/click?_t=248ca2dac00d45a3a657609c1a03b8d6&amp;_m=206aeabd8679406ea83441adb59929f0&amp;_e=Q_RZU7yfoKM_VlY0Qh3OWXSMGmj1C5rjCtK0Tn3GTXxtgoABtrAWzKGgHavOAynXXlHVSsb4XKoDrWfmO0Yg7ZYPnRaHleym44_OSPKNct6JXZO0C3Rmd-xFQM7i74hd8Jb3VgyNdV0dq0bzxQvIr3HZBo3trfNwPWglB48BAgbR1bBNA_JsZY0q9WkMzN142AFvHuDH67BtCFcgt49v4b72eLLO0n6Qud38RRlFvPUFeeJdEqA6rHmAVfzeHjzE7unIoJ4_HSEZ6R2Kp0mII_WGuH5HbZ7pkgrboHrUKy-IIs5VnUWo0FPNjOura6QgqK9Vu8Kxlc6_x5n9WpQ6RJcJZgdO7ZoTlZmg8BXvrPUVN3zUI3moOYaeFgRFJanT\">That question is keeping developers up at night<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At least $60M in federal funding earmarked for affordable housing development has already been paused, and the $1B Green and Resilient Retrofit Program is\u00a0<a href=\"http:\/\/links.bisnow.com\/u\/click?_t=248ca2dac00d45a3a657609c1a03b8d6&amp;_m=206aeabd8679406ea83441adb59929f0&amp;_e=Q_RZU7yfoKM_VlY0Qh3OWQe0F7fyKRCZpN0mVOfwlFzsPdGk0caWFBB0anLEXg5C5MFUPXRUuyBnzpkiRF5PsmJbg5dc5A_eBN6rrZefqlL1ocEGUau67rzX15_HpzZ32vBtR4Gzs51yJu5zqi4iU98L9vLZbqbzw9mo9y6MKoOQidmGr0HTDMKaZ9dF-fM9osoZOwTjUcaKHwo6cDRFS_36-MQzRrz9uE16Xs8UbiumsGC41dpPUhZ5MImt4YR1kdalYpfLBYxsp_KA0tR-MeA9nKJ6egUDD_bKhUJ9kDbSLCIAFOS7QC9eFPaPeTut0TMrx4ULofYcdEfmCrXZ3aFyGJyaAm-BQOfGDWhukkc%3D\">on the chopping block<\/a>.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Developers told\u00a0<em>Bisnow<\/em>\u00a0they fear LIHTC will no longer be a viable funding source, and some worry the board shake-ups at Fannie and Freddie this week, including\u00a0<a href=\"http:\/\/links.bisnow.com\/u\/click?_t=248ca2dac00d45a3a657609c1a03b8d6&amp;_m=206aeabd8679406ea83441adb59929f0&amp;_e=Q_RZU7yfoKM_VlY0Qh3OWQe0F7fyKRCZpN0mVOfwlFxiryKTnQhX5zeqOF_K6lCc9jvitrqeXMaKlwdxeBRDBaqcD5fjc6eOFSwsjUoy0VEqVC8bnWaaghey9KS6GgUMPjTDn5_EdiZjBipacCGhUvZOsFVwPPdRpw0fn5jCRg_8k30goP_3SC7e1NPN3txnxk_ckD3_WrlZx_lRRZarblWawVQ_J6-nqUzZGuab-JC_oFCkbb1kPiQjylTTd2T7SmWUVXQ2etdsfW76Ux0qqK3bEYdRU2DlZ56R6azv6TVk1IZDhrrGbiNJLQXMvp9E0PttdDyP4iJ4AUsCb_8VhpZCCirQDYLILkYSVBOAYKL1pp9gzJfzAs-D0dSXk5uCk0ISozM-R4-cc2-WbQ7TJQ%3D%3D\">FHFA Director Bill Pulte appointing himself as chairman of both<\/a>, are the first step in big changes to how they underpin financing. A predicted 50% reduction in HUD\u2019s workforce would likely slow the disbursement of what grants survive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;I feel like there has to be a modern-day Underground Railroad for capital to projects to sustain us,\u201d Massachusetts Housing Investment Corp. CEO Moddie Turay said at a\u00a0<em>Bisnow<\/em>\u00a0Boston event last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>One private firm is stepping up<\/strong>\u00a0\u2014 impact investor SDS Capital Group just launched a debt platform that aims to finance more than $1B of new affordable housing units in the next 18 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bisnow The First Draft \u2014 Mark F. Bonner, Jay Rickey, Catie Dixon and Kayla Carmicheal That question is keeping developers up at night. At least $60M in federal funding earmarked for affordable housing development has already been paused, and the $1B Green and Resilient Retrofit Program is\u00a0on the chopping block.\u00a0 Developers told\u00a0Bisnow\u00a0they fear LIHTC will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/posts\/136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/comments?post=136"}],"version-history":[{"count":1,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/posts\/136\/revisions"}],"predecessor-version":[{"id":138,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/posts\/136\/revisions\/138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/media\/137"}],"wp:attachment":[{"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/media?parent=136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/categories?post=136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innovationscdc.org\/blog\/wp-json\/wp\/v2\/tags?post=136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}