Jay Stark of the Phoenix Realty Group elaborates on the promise of workforce housing development in neighborhood revitalization.
Without any public subsidies avalilable to developers serving the workfoce housing market and with the spike in housing prices in recent years, this middle market segmentthose at 80-200% of median incomehas been virtually priced out of home ownership. The Genesis Workforce Housing Fund aims to fill the void and provide equity financing to developers in order to facilitate the production of for sale housing to serve this market. TPR is pleased to present this interview with Jay Stark, Executive VP and COO of Phoenix Realty Group, the Genesis Workforce Housing Funds manager.
Thanks to Will Cipes
FULL STORY: Workforce Housing Fund Hopes To Be Smart Growth Catalyst
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