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Affordable Housing Development: Further Considerations for Developers

In: Affordable Housing Development

Author

Listed:
  • Jaime P. Luque

    (ESCP Europe)

  • Nuriddin Ikromov

    (California State University)

  • William B. Noseworthy

    (McNeese State University)

Abstract

In this chapter, we cover the perspective of the public, private, and non-profit aspects of lending and financing for the affordable housing market. In particular, we will focus on Community Development Finance Institutions (CDFI), using Cinnaire Lending as an example. Such organizations fill a vital niche in the process of affordable housing development, offering services that banks and other traditional lenders do not. For example, they provide predevelopment loans that can be used for standard costs incurred with third-party vendors such as market studies, architectural plans, and legal fees. They can also offer short-term acquisition loans to acquire affordable housing properties.

Suggested Citation

  • Jaime P. Luque & Nuriddin Ikromov & William B. Noseworthy, 2019. "Affordable Housing Development: Further Considerations for Developers," Springer Books, in: Affordable Housing Development, chapter 0, pages 113-120, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-04064-2_9
    DOI: 10.1007/978-3-030-04064-2_9
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