Real Estate/Development
Apr. 9, 2014
Post-redevelopment, lawyers navigate labrynth of subsidies for affordable housing
As affordable housing becomes all the more important amid rapidly rising real estate prices, lawyers say the funding situation has become dire. But pending legislation may help matters.
Daily Journal Staff Writer
For months after the death of local redevelopment agencies, affordable housing projects with committed funds were built with relative ease. But now that redevelopment money has dried up, developers are finding themselves against a wall, having to navigate a labyrinth of state and federal subsidies to complete projects and battling increasing housing prices. As affordable housing becomes all the more im...
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