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Sam Harmelech of Verano says tenant improvements, other incentives are critical.

Officials from HUD, FHFA and the GSEs all spoke of the need to support affordable housing as part of their missions.

"We need to control what we can control because the non-controllables are out of control."

A panel of experts tackled that question during a breakout session at the recent Mortgage Bankers Association CREF 2023 conference.

The current uncertainty is higher now than it was at the height of the pandemic, MBA's Chief Economist told the audience.

Former Fed official Roger Ferguson told the audience at MBA-CREF that CRE will have to get used to higher interest rates.

With the capital markets in flux, attendees have a laundry list of topics they want to discuss.

The industry is stable and strong, it just won't have a year as it had in the recent past.