What’s Needed to Enable Affordable Development?

Kinoshita: “Both federal and state financing sources such as redevelopment and other forms of funding have either gone away or been reduced, creating an even greater challenge for affordable housing developers.”

IRVINE, CA—The current affordable-housing situation demands a lot more public/private partnership between local governments and developers to secure land and funding, Jamboree Housing’s director of business development Roger Kinoshita tells GlobeSt.com. The firm recently expanded Kinoshita’s business-development team with the addition of Scott Riordan, former economic development manager for the City of Buena Park; Helen Cameron, who moves to business development as an analyst from Jamboree’s Resident Services Group and will utilize her extensive experience providing housing for people with special needs to research, analyze and pursue supportive housing opportunities; and Brandon Pyle, a graduate of California State University, San Marcos, who will serve as the development, financial analyst, providing financial perspective and input to the business-development team on structuring new housing opportunities including requests for proposals. We spoke exclusively with Kinoshita about changes in the business-development area of affordable housing.

GlobeSt.com: What are the biggest challenges to business development in the affordable sector?