MIAMI—Miami still has a dearth of affordable housing, so what does that mean for developers and investors in 2015? GlobeSt.com caught up with Matthew Rieger, CEO of statewide developer Housing Trust Group (HTG), to get his predictions about theaffordable housing industry in the months ahead.

For starters, Rieger tells GlobeSt.com he sees high demand for affordable housing development in all regions of Florida. There is some funding available. The Florida Housing Finance Corporation allocate tax credits to different counties but he says more resources are needed to supplement the tax credits with gap financing.

“Demand for this housing far outweighs the supply,” Rieger says. “Tax credit allocations are based on population size so Florida will continue to get its fair share after the governor approves the individual allocations by county.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.