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Episode 351: Obstacles Affordable Housing Developers Face in Illinois with Richard Koenig
Richard Koenig is HODC's Executive Director and has led the development of over 600 units of affordable housing!
Richard starts with how he found his "Why" and discovering that he wanted to dedicate his career to helping solve the lack of affordable housing. He gets granular on the financing and approval process on these types of developments. Richard compares market rate housing to affordable housing including cost to build and tenant screening. He shares advice on how smaller investors can help contribute to the affordable housing issue and make a positive impact in their community!
If you…
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