New housing funds trade profits for more affordable units

A few months ago, Matt Bedsole got a call from two real estate developers asking for his help. Their plan to build a four-story apartment complex in Chattanooga, Tennessee, had a financial hole that no backer seemed eager to fill. The developers needed $8 million. Would Bedsole be interested in stepping in?

See the original article at: Honolulu Star-Advertiser