The affordable housing market needs attention now It is emerging as an exciting opportunity for developers and promises to quickly become an asset class unto itself. The advantage will go to those developers who quickly realize the benefits of working with affordable housing. Those willing to invest time and resources can realize the potential and value of this new, and viable, asset class.
This step-by-step guide explores the ins-and-outs of affordable housing and provides confidence that this long-term process can be navigated successfully. You will be guided through:
1. Why developers should consider pivoting to affordable housing
2. Where and what to build
3. Government grants and financing
4. Working with municipalities and stakeholders
5. Developing a business plan
The affordable housing market dilemma was years in the making and it will take just as long to solve. Still, we think governments are now open to developing policies that work for all stakeholders; allowing these policies and private capital to work together to fulfil the overdue affordable housing needs in Canada.