D3: Affordability Without (Much) Subsidy: “Market Affordable” Housing’s Role in the Future of Affordable Housing
October 30, 201811:30 am - 12:45 pm
Ray Skinner, Rob Cox, Kendall Pelling, Maria Sourbeer
A majority of housing that is affordable even to the lowest income homeowners and renters operates without subsidy. Known as “market affordable” or “naturally occurring affordable” housing, this large segment of the marketplace is drawing increasing attention from the affordable housing community as it grapples with declining subsidies amid increasing demand. This panel will explore the development of mission-aligned, “market affordable” housing, and will include perspectives on for-profit and non-profit development models, financing, and policy drivers to support market affordable creation.
Moderator: Ray Skinner, Former Executive Director, Maryland Department of Housing and Community Development and CEO of East Baltimore Development Initiative
Speakers: Rob Cox, Senior Director, Reinvestment Fund; Kendall Pelling, Director of Land Recycling, East Liberty Development Initiative; Maria Sourbeer, Vice President of Development, Shift Capital.