Government subsidized tax credit programs do not address the needs of the “bread and butter” of the U.S. workforce, who earn more than 60 percent of AMI.
The main concern is that demand for tax credits could diminish once institutional investors calculate the full impact from the Tax Cuts and Jobs Act.
The reasons include healthy job and population growth, a thriving tech sector, and low vacancy rates despite a decent amount of new construction.
The competition between mezzanine lenders is keeping interest rates relatively low for mezzanine loans, even though short-term interest rates overall are rising.
Here are those predictions broken down.
The challenge is finding properties that have not already been renovated.
While there has been some major buzz in favor of suburbia, the truth is that the growth may not last.
Though the terms are getting tougher, banks continue to put more money into apartment construction.