This year, the Federal Reserve has increased interest rates six times, and it has signaled that more rate hikes are on the horizon. The higher cost of capital is sure to put a damper on affordable housing investment, just as the market was gaining momentum and investor interest.

In this episode of’s Thought Leadership podcast series, Robert Likes, the president of the national affordable housing platform at KeyBank, uncovers how higher interest rates, along with other economic headwinds, will complicate affordable housing deals next year. Likes provides advice about how investors can navigate challenging fundamentals and tap into additional funding sources to make affordable housing deals work.