Joint Venture Guidebook: A Resource for Developing Affordable and Supportive Housing
Developing affordable and supportive housing in New York is not for the faint of heart. Responding to market conditions and the shifting policy landscape, developers, not-for-profits, and community-based organizations are increasingly forming joint venture (JV) partnerships to develop housing. JVs, which refer to sharing resources for specific real estate transactions, can provide greater access to development sites, financing sources, staff capacity, and community support. These collaborative efforts demonstrate a creative and vital approach to development. This guidebook, created in collaboration with the Supportive Housing Network of New York, gives readers a better understanding of the dynamics of a JV partnership and stimulates critical questions around the development of a deal.