Case Study: Buying Property in a Hot MarketDate
Please answer the following How did the New York City Acquisition Fund LLC differ from the city’s previous affordable housing preservation and production attempts? Who were the key stakeholders in the fund, and how did their goals differ? How were the fund’s architects able to bring them in alignment? How does the Housing Partnership Equity Trust (HPET) REIT operate differently or similarly to NYC’s Acquisition Fund? Given what you know about REITs, do you think this is a viable model to preserve and produce affordable housing? Which aspects of NYC’s Acquisition Fund and HPET’s REIT are most successful? What aspects are least successful?