After settlement, affordable builders still cautious in Westchester

April 05, 2010 12:40PM

Despite an August court settlement in which Westchester County agreed to fund the construction of 750 affordable housing units,  builders of affordable housing are feeling uneasy about leaping into the market, according to the New York Times. Ron Moelis, a Yonkers-based low-income housing developer with L&M Development Partners, said that, despite the recent county funding injection, it’s not yet clear how much interest there will be in funding low-income housing in the future. “There are not that many sources of funding for this kind of housing,” Moelis said. “To lose one of them would make future projects that much more difficult.”

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