cover image: The financing & economics of affordable housing development : Financing and economics of affordable housing development : incentives and disincentives to private-sector participation

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The financing & economics of affordable housing development : Financing and economics of affordable housing development : incentives and disincentives to private-sector participation

5 Sep 2012

C i t i e s. C e n t r e. . U n i v e r s i t y. o f. T o r o n t o F i n a n c i n g. &. E c o n o m i c s. o f. A f f o r d a b le. [...] C i t i e s. C e n t r e. . U n i v e r s i t y. o f. T o r o n t o i v. F i n a n c i n g. &. E c o n o m i c s. o f. A f f o r d a b le. [...] H o u s i n g. D e v e l o p m e n t. 3 In addition to the work of the Neighbourhood Change CURA, numerous research papers have explored the factors contributing to the lack of affordable rental housing, and the lack of private- sector involvement in rental development.5 The audiences for this work are typically economists or policy analysts who understand the complex issues involved. [...] The purpose of this paper is to help a broader audience understand the issues by using simplified financial models to explain the economics of for-profit real estate development and financing and to demonstrate the mag- nitude of the gap between financial returns that for-profit players are prepared to accept and the potential financial returns from multi-unit rental development.6 The purpose of e [...] The affordable development project is being done using a “turnkey” approach, in which a for-profit developer takes a project to the end of construction and then turns it over to a non-profit organization that owns and operates the building.8 The data for the affordable base model was provided by an underwriter from Infrastructure Ontario, with the permission of the developer.
government politics economy finance housing investment business capitalism construction industry debt condominiums investments loans real estate rental housing loan mortgage government budget affordable housing business finance loan market affordable canada mortgage and housing corporation construction and property cmhc lenders condo market value leverage (finance) capitalization rate financers

Authors

Black, Jill

ISBN
9780772714794
Pages
56
Published in
Ottawa, Ontario

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