Affordable vs Market Rate Underwriting Comp
Are there major differences in compensation between agency affordable vs. market rate apt underwriting?
Its my understanding affordable would require more knowledge, a deeper understanding of tax credits, capital markets, deal structure, etc.
Whereas transitioning from an uw position in affordable to market rate would be simple compared to the opposite.
It also appears as though affordable is fast growing and will continue to be for years to come. Perhaps less cyclical than financing activity on the market rate front?
Any thoughts or insights appreciated.
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