A panel of industry veterans offered a sober assessment and strategies for progress at the Institute of Real Estate Management’s annual summit in Chicago.
Panelist discuss affordable housing with audience members at IREM Summit in Chicago. From left, speakers included Gwen Volk, David McGuill, Eileen Wirth and Pamela Monroe.
Funding poses a significant challenge, reported Eileen Wirth, president & CEO of the Octavia Hill Association, a century-old Philadelphia nonprofit. “Unfortunately, moving forward, it’s not looking much brighter,” she said. The Trump Administration’s proposed budget hits calls for flat funding, so that operators will be unable to count on increased payments to offset rising costs. “It will be a bit of a challenge,” she noted. “Hopefully, we won’t run into any major capital needs.”..............Read More
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