"By creating a comprehensive, well-funded housing safety net, the nation has the opportunity to pull millions of households out of poverty, address longstanding inequities in housing delivery and ensure that every household has access to a decent and affordable home.” --Chris Herbert, Managing Director of the Joint Center for Housing Studies at Harvard University.

Berkadia secured $84 million in stretch senior financing for Emmut Properties, New York, to acquire Excelsior Hotel on Manhattan’s Upper West Side.

Rental housing demand roared back in the pandemic’s second year, reducing vacancy rates and driving up rents, the Harvard Joint Center for Housing Studies reported Friday.