The Trump administration’s push to reduce spending is already having dramatic impacts on affordable housing developers across the country.
From executive orders targeting key sources of development funding to allowing some programs to run out of cash to dramatic staffing cuts, pressure points are building on the companies and organizations on the front lines of the housing crisis.
“We use a mix of everything,” Desmonde Monroe, president and CEO of New York-based affordable developer The Monroe Group, told Bisnow. “If you take one away, it does hurt, because then we have to find that capital somewhere to close the gap.”