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


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