Learning the affordable housing business
I'm interested in learning as much as I can about the affordable housing business prior to applying for jobs within the space. So far, I've carried out research using previous posts on this forum as well as trawling google etc... I was wondering if anybody had any recommendations for in-depth resources? Whether it be textbooks, websites that post regularly about this side of RE, example models...
Thanks!
Novogradac has some interesting information if you're looking to learn.
The Terner Center in California (associated with UC Berkeley), and the Furman Center in NYC (associated with NYU) both put out a fair number of white papers on affordable housing in general and are explicitly affordable-housing focused by nature.
Depending on where you want to be, reading your state's Qualified Application Plan and thinking through why it is structured the way it is might be helpful (and genuinely useful if/when you get a job).
Really tough to be more specific without knowing more about the jobs you are looking at, the geographies you hope to cover, etc. The way the business works in, say, Texas, is going to be night and day from Connecticut, both for political and regulatory reasons. LIHTC development is different from workforce housing, and even within LIHTC, the 9% world vs the 4% world doesn't function the same way, or even necessarily have the same players. Acquisitions obviously functions differently from development, but the financing of a project with Section 8 is vastly different than without. Etc etc.
I've always greatly appreciated your responses to posts about affordable housing. This is very helpful, thank you so much. I'll be sure to check all of that out. Part of my issues is deciding where I want to be in the US and what exactly I want to be doing, but I'm working my way towards figuring that out.
Thanks Ozymandia. Very helpful. Adds onto what you said in the other thread.
I have some material I can share. PM me.
Messaged you! Thanks
interested!
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