Submitted by otter_spud t3_ye2buh in Connecticut
Frequent_Jelly_4138 t1_itzzd41 wrote
Reply to comment by Time_Yam301 in How can we incentivize real discussions around solutions to home affordability in CT? by otter_spud
That is very wrong, affordable housing may not have as much risk cash flow wise if it’s part of a government program, but there are forms of affordable housing where the government is not paying the rent. That is just as likely to default as market rate rent for less potential profits. Additionally. In a building that is 10% affordable housing, that 10% often times makes up over 40% of damage to apartments and common areas.
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