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

The complexity of the tools to finance affordable housing can present challenges. But this is an industry of creative players, so there has been a lot of innovation and improvements resulting from those challenges.

Cecile Chalifour, West Division Manager for Community Development Banking

Commercial Real Estate Community Development Banking

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