Commercial Real Estate
Working together to redevelop affordable housing
A trio of bankers talked to Commercial Observer about the multiple sources used to fund the redevelopment of a Houston affordable housing community.
JPMorgan Chase has a national footprint and significant loan goals for affordable housing. The firm provides many funding sources to accomplish those goals.
Matt Bissonette and Greg Rice, Executive Directors in Affordable Housing Agency and Off Balance Sheet Lending and Ken Overshiner, Executive Director of Community Development Real Estate talked to Commercial Observer about how their respective groups can work together to make affordable housing projects happen.
Specifically, the trio discussed how funding sources—including a construction loan, Fannie Mae Multifamily Tax-Exempt Bond Program permanent loan and Fannie Mae’s Healthy Housing Rewards™ initiative—helped fund the redevelopment of an affordable rental community in Houston.
