Quote: Oct. 30, 2023

“MBA shares the Biden administration’s commitment to increasing housing supply and appreciates its willingness to engage with us and the industry on ways to incentivize lenders and borrowers to rehab, repurpose, and convert more obsolete commercial properties into affordable rental housing and other usable spaces”
–Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, commenting on the Biden administration’s guidance announced Friday on commercial property conversions.