This session reviews how the private market thinks about addressing the creation of affordable housing. Gain insight into market-based approaches, such as public-private partnerships, low-income housing tax credits, federal subsidized housing, community land trusts, and repurposing existing affordable housing.
Speaker
David Foster, President of BDP Impact Real Estate
David Foster has decades of experience in impact real estate development. BDP is a national leader in the development and financing of real estate projects that deliver long-term impacts for communities, project sponsors and investors and led more than $250 million in community investment and affordable housing development nationally and globally. BDP focuses on affordable/workforce housing and innovative community development projects to meet the needs of a full range of community stakeholder goals. You can read more about BDP here https://www.bdpimpact.com/
Key takeaways
- The need for affordable and workforce housing
- Social impact housing investment
- Increase the amount and quality of affordable housing in the community
- Deliver units that meet tenant needs as identified by Community stakeholders
- Build equity within the local non-profit community in order to ensure long-term sustainability of the housing system
- Dramatically improve on the speed and economic efficiency of unit delivery
- Collaborate with public sector, private sector and social service non profits on the ground in communities.
- Attract funding locally and nationally
Reading material & resources
- Urban Land Institute Roundtable Discusses Innovative Finance Strategies for Affordable Housing https://urbanland.uli.org/development-business/affordable-housing-finance-roundtable
Affordable Housing & Anchor Institutions Affordable Housing & Anchor Institutions Resource Collection
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