On October 23rd, CPROP co-founder Sandy Selman spoke on technology enablers to increase the supply of affordable housing at the Affordable Housing Investors Council (AHIC) 2019 Fall Affordable Housing Summit. Specifically, Sandy spoke the use of utility token structures to create incentives to promote tenant behaviors that are favorable to investors in affordable housing, and on the potential to utilize digital securities to enhance the flow of capital to affordable housing.
Joining Sandy on the panel was Eve Picker from Small Change, a crowdfunding platform for socially impactful property development, and Elizabeth Christoferetti from Supernormal, a data analytics company that assists developers prioritize and execute in-fill development projects.
The event explored everything from the impact of climate change on affordable housing, to the latest crucial tax and accounting issues affecting the real estate industry today, to state tax credits and how they can be leveraged to support developments.
The Affordable Housing Investors Council is a non-profit organization whose members have invested more than $80 billion in affordable housing by purchasing federal low-income housing tax credits. These investments drive the development of 90 percent of the housing in the United States for low-income families, seniors, and people with special needs, with around 3 million homes developed over the last 25 years.
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