What Happens When Developing Affordable Housing Is No Longer Affordable?
CREW Boston’s Housing & Community Development Committee hosted a Zoom Roundtable to discuss the important topic, “What Happens When Developing Affordable Housing is No Longer Affordable.”
Attendees discussed how affordable housing developments in the pipeline and under construction are confronting the dual challenge of rising construction costs and interest rates, creating a perfect storm that has left some projects stalled, some developing new best practices to control costs, and others delving into redesign far beyond traditional value engineering to move the needle forward.