# What's Happening in Multifamily Affordable Housing?

An episode of [Bank Notes](https://invisiblenetwork.ai/podcast/1459646064), 5 Nov 2025, 41 min.

Audio: https://traffic.libsyn.com/secure/banknotes/Episode_01_Whats_Happening_in_Multifamily_Affordable_Housing_-_MASTER_-_102325_3.35PM.mp3?dest-id=867161

Jonathan Kivell and Carmi Recto from the New York Fed's Community Development team discuss the evolving role of private capital in multifamily affordable housing, drawing from a report their team released earlier this year. They highlight the importance of tenant services and the impact of institutional investments on affordability. The discussion also touches on global investments in US affordable housing and the challenges of defining affordability. For more information, visit nyfed.org/podcast.

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