Affordable housing stakeholders are facing severe challenges financing deals, both for new construction and preservation. High interest rates have increased the return requirements for equity investors and significantly increased the cost of debt.

It's one challenge of many for affordable housing projects, say Stacie Nekus and Kyle Kolesar from KeyBank's Community Development Lending and Investment Team, who note that the bank has helped its partners remain resilient in finding viable solutions for borrowers.

In this episode of the Thought Leadership podcast series, you'll hear:

  • How construction costs have made it difficult to underwrite new deals;
  • What other cash-flow constraints are making affordable housing more difficult; and
  • Why creative financing solutions may be the solution to relieve some of the roadblocks.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.