Table of Contents
- COVID-19 Financial Impacts Wash Over The U.S. Economy
- CARES Act
- HFAs
- CDFIs
- PHAs
- Affordable Multifamily Properties
- Federally Subsidized Affordable Multifamily Properties And Military Housing
Key Takeaways
- The sudden economic stop has created a backdrop of uncertainty and volatility.
- Unemployment, coupled with eviction and mortgage foreclosure moratoriums, will stress the housing sector, particularly housing finance agencies (HFAs) and stand-alone multifamily properties.
- Age restricted properties in particular could face pressure on net operating income due to extended vacancies and higher expenses from the pandemic.
- Liquidity will be key to navigating through any interruption or decrease in revenues for HFAs, community development financial institutions (CDFIs), and multifamily property owners.