NYHC/NHC Speakers Warn of ‘Mounting Fears’ for Affordable Housing

There may be increasing concern about the prospects for affordable housing. Speakers at the New York Housing Conference (NYHC) and National Housing Conference’s (NHC) 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs. There are “mounting fears that negotiations to avert the fiscal cliff could leave affordable housing programs vulnerable,” said Judy Calegero, CEO of NYHC. Calegero said that one estimate places the chance for the survival of the Low Income Housing Tax Credit at a little better than 50 percent. The housing industry faces strong headwinds, and conditions demand that it charts a new course, she said.

–  Commercial Property Executive

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s