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Real Estate Financing and Economic Development: Challenges and Opportunities in Today’s Economy
The Real Estate Financing and Economic Development Workshop, held on January 25th, 2012, was a great success! Hosted by the Sonoran Institute, Glenwood Springs Association of REALTORS® and Garfield County Housing Authority, the workshop included an important discussion about the impacts of real estate financing on community and economic development efforts in our region.
In today’s economy, developers, realtors and buyers all face a similar dilemma: financing for that next project or new home is increasingly hard to come by—especially for multifamily housing and mixed-use development. This workshop examined the implications of real estate financing challenges in the wake of the Great Recession and lessons to be learned from projects in our region.
Speakers included Carolyn Meadowcroft of Vectra Bank, who explained common lending challenges and how they affect project or resale financing, Andy Knudtsen of Economic & Planning Systems (EPS) discussed housing market trends in the new economy, and Bill Kane, Basalt Town Manager discussed lessons learned at the local level. A panel discussion followed which explored what communities can (or can’t) do to overcome these challenges.
To view the speakers presentations, click below.