The Building Safety Act 2022 (the "Act") ushered in a comprehensive and rigorous building safety regime, particularly affecting certain residential buildings classified as "higher-risk building".
Watch Senior Economic Justice Correspondent Oscar Perry Abello in conversation with Angela Dowell, Chief Financial Officer at Chicago Community Loan Fund — the latest in Next City’s Bottom Line Conversations webinar series. In our last edition of Bottom Line Conversations, we talked about how the landscape for community-controlled real estate has changed (or not changed). One theme that emerged was the tension of perceived versus actual risk. For a project that is community-owned, or perhaps more broadly a project where the developer or sponsor is something or someone who doesn’t have as much experience or a large portfolio, what does it take for a lender to finance a project responsibly under those constraints? What can other institutions, like local government, local private investors or the federal government do to change the way lenders on the ground work with “riskier” projects? We’ll dive further into that conversation with Angela Dowell. As ch