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The National Housing Conference and the Center for Housing Policy have made available resources that document and explain lifecycle underwriting, an innovative new approach to analyze the costs of multifamily affordable housing. The traditional way of assessing financing for affordable housing is to look at the initial costs to develop the property and the property’s ability to remain financially viable for the first 10-20 years. Lifecycle underwriting looks at the viability of the property’s finances to cover the costs of maintaining the property over its entire expected lifespan, which can be up to 50 years.
The resources include a free online tool to enable users to apply lifecycle underwriting to their own properties, a description of the principles behind lifecycle underwrite, the policy implications of this method, and a research study that looks at the methodology behind this program.
Click here to access these materials.