Affordable Housing: A Resilient Asset Class in Volatile Markets
Fears of an economic slowdown and worries about the banking sector dominated this quarter, casting a pall over financial markets.
Uncertainty in bank lending puts even more pressure on the market, as funding sources for property development are likely to decline. For affordable housing, this creates significant challenges, but it also gives rise to real opportunities. Difficulties in bank lending only cast a brighter light on private funding sources, such as the strategies we offer at IMPACT Community Capital for developing and preserving affordable housing throughout the country.
At IMPACT, we believe it’s important not to lose sight of the urgency here. The need for affordable housing isn’t going away; if anything, it’s likely to grow in the coming months. We remain cautiously optimistic that private investors will find compelling investments that expand the supply of affordable housing at a time when other sources of financing are challenged.