…a reality plaguing housing developers across Greater Boston over the last two years. Demand in our housing-starved region is sky high. And developers such as HYM’s Tom O’Brien have all the hard-won permits they need. But for all the attention paid lately to fights over zoning and other local approvals, securing permits to build isn’t even the hard part right now. Amid high interest rates and materials costs, raising enough money is the real problem.
Source: Housing construction in greater Boston stymied by sky-high costs