Long-term financing and institutional investments are of decisive importance for solving the affordable housing problem, Alecia Hill, Vice President for Impact Investments at Federal Capital Partners, said during the panel titled “Capital, Capacity and Market Confidence” held within the framework of the World Urban Forum (WUF13), APA-Economics reports.
According to her, although the value of the housing market in the United States exceeds 55 trillion US dollars, the country still faces a shortage of approximately 7 million homes.
A. Hill noted that one of the main financial instruments in the affordable housing sector in the United States is the tax credit program that has been implemented for more than 30 years. Nevertheless, existing mechanisms have not been sufficient to fully eliminate the housing shortage.
She emphasized that government support, blended financing mechanisms and the joint operation of long-term investment sources are important for resolving the housing crisis.
