In this COVID-19 Special Series episode of Advancing Communities Podcast, Cinnaire CSO Jim Peffley talks with Steve Spears, CFO of Mercy Housing, a national nonprofit developer, manager, and lender of affordable housing properties. Jim and Steve discuss the challenges diverse organizations like Mercy Housing face and how they are navigating through the COVID-19 crisis. This timely conversation addresses the biggest issues facing organizations in the affordable housing industry right now, including:
- Assessing COVID-19 risk and the impact on rental collections
- The impact on affordable housing deals in the development process
- How lending for affordable housing is adapting to address COVID-19 challenges
- Applying learnings from the housing market collapse in 2008/2009 to the current market crisis
Click here to listen to Episode 15 of Cinnaire’s Advancing Communities Podcast!
Mercy Housing is one of the nation’s largest nonprofit affordable housing organizations. They participate in the development, preservation, management and/or financing of affordable, program-enriched housing across the country.