Attacking The Affordability Crisis

July 17, 2017                                          By: John Salustri

Multifamily is the perennial darling of the CRE industry. But a deeper dive shows a major gap in specific markets between supply and demand. NorthMarq Capital’s Melissa Marcolini Quinn offers a mortgage banking perspective.

ORLANDO–There’s a downside to the economic upturn, and it comes in a rather odd space–the ever-flush-and-fertile multifamily market. The rush by developers to cash in on upper-scale housing has contributed to a national dearth of product for those who need it most, namely the candidates for affordable and workforce housing. And, of course, a shifting regulatory environment adds fuel to the fire.

Quinn: "NorthMarq Capital is on the front lines working with the Agencies on developing solutions aimed at addressing the need for more workforce and affordable housing."

In this exclusive interview, Melissa Marcolini Quinn, SVP and managing director of NorthMarq Capital’s Orlando office, provides the background to the current state of affairs and outlines some of the groundwork being laid by the GSEs to correct the critical imbalance..............Read More