Commercial Real Estate
Why Affordable Housing Is Facing a Perfect Storm
Cecile Chalifour, West Division Manager for Community Development Banking, talks to GlobeSt.com about the issues driving up housing costs in California.
Housing costs are being driven up by low supply, increased demand, poor wage growth and a lack of proper financing tools. In this interview with GlobeSt.com, learn how:
- The affordable housing crisis in California is growing despite an influx of local and state resources
- High development costs for land and construction are making it harder to build affordable housing
- Voters and elected officials have been supportive of reforms to address the crisis as awareness grows
Cecile Chalifour, West Division Manager for Community Development Banking