The due diligence process is critical for ensuring the success and sustainability of affordable housing projects. The margins for affordable housing developers and owners are razor thin and it is critical they have a full understanding of the projects needs to ensure profitability and achieve the highest possible valuation. However, as construction and insurance costs continue to rise, particularly for residential multi-family, owners may need a more holistic approach to due diligence now more than ever.
In this article, J.R. Lephew, Andrea Gilman and Owen “Chip” Ard discuss site suitability, sustainability, building design, functional obsolescence, property resilience, and more.