Cities, States Step Up With Funding To Fill Affordable Housing Gaps
The nation’s affordable housing crisis is getting worse.
What used to be a niche issue has now become a major policy debate within city halls and the federal government as people around the U.S. continue to spend an outsized share of their paychecks on housing costs.
The trend is driving state and local leaders to amp up their subsidies and incentives to spur more affordable production, developers said at Bisnow’s East Coast Affordable Housing Summit.
“More municipalities are opening up to the idea of deep real estate tax exemptions and pilots, and those help tremendously on these types of deals,” Andy Cohen, managing director…
