Understanding The Nuances Of Affordable Housing Developments Versus Traditional Multifamily

Heartland Real Estate Business



As housing affordability remains a significant issue, ​developers must navigate an ever-changing and complex landscape. When Heartland Real Estate Business sought expert insights into how affordable housing development differs from traditional market-rate multifamily projects, Taylor Johnson was proud to connect reporters with clients Habitat and Evergreen Real Estate Group. In the resulting article, Charlton Hamer, senior vice president of Habitat Affordable Group, highlighted the financing challenges of affordable housing, which often relies on public-private partnerships and layered funding. He also emphasized Habitat’s focus on community impact, with affordable projects combining housing, transit, health care and job opportunities. David Block, director of development at Evergreen, noted affordable housing development involves integrating a complex web of tax credits and other financing tools with regulatory and environmental compliance, which often extends project timelines beyond typical design or entitlement phases.



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