A 43% cut in federal low-income housing programs proposed by the Trump administration has prompted lenders and developers to pull back or cancel affordable housing projects already in motion.
Federal housing assistance programs like Section 8, which provides rental assistance for more than 5 million low-income Americans, are facing a $27B reduction, and some local housing agencies are starting to shift their lending in anticipation.
Source: Proposed Section 8 Cuts Make Developers Hit The Brakes
Bisnow | Proposed Section 8 Cuts Make Developers Hit The Brakes
CoStar | Boston job growth holds steady through May
Boston Globe | New ‘Atlas’ maps zoning in every community in Massachusetts
Globe Street | HUD Considers Two-Year Limit on Rental Assistance Programs
Bisnow | Wu Celebrates Office-To-Residential Project Starts, Considers Expanding Conversions ProgramWe specialize in representing buyers and sellers of multi-family and mixed-use properties and buildable land throughout the Metro Boston area, providing effective strategies to maximize asset values for both private capital and institutional investors.
Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.
