Underwriting for Resilience
Before 2008 lenders and investors just underwrote the deal using financial criteria. After the crash of 2008 they started paying serious attention to the strength of the general partner as well as the financial sustainability of the deal. In 2020, the playing field has changed again. Underwriting for market shifts, operating variables and capital needs is not enough. Lenders and investors are now going to consider the ability of the owner AND the property to be financially viable during a disaster, such as a pandemic, hurricane or economic downtown. Can investment and development strategies that do not take into account diverse and stable neighborhoods be truly sustainable? Will “health secure housing” be a new standard in multifamily dwellings of every kind?
The development and underwriting of affordable housing is changing due to the pandemic and our country’s rising awareness of racial equity. This webinar explore the emerging awareness in our industry -- from a vision of housing that is financially sustainable to that of resilient housing that promotes health, equity, and can weather disasters.
Asset managers need to understand what is on the horizon. They are traditionally brought into the development stage to test whether a proposed project meets financial goals. But in 2020 and beyond, asset managers and their organizations will also be embracing social, health and equity goals.
Affordable Housing Institute
James A. Fox
Managing Director - Housing Investments
Senior Vice President, Acquisitions
Redstone Equity Partners
Vice President, Asset Management
Wednesday, July 8, 2020
12:00-1:15 pm EDT
9:00-10:15 am PDT
The Zoom link will be provided after you register.
Questions? Email us at email@example.com.
This webinar is free thanks to our sponsors!