Mike Boyle, Senior Vice President and Head of Acquisitions at Greystone Real Estate Capital, was featured in the September 2026 issue of Multifamily & Affordable Housing Business in an article examining how affordable housing developers are increasingly relying on layered capital stacks to bring projects to fruition. The article explores the growing complexity of affordable housing finance as developers combine LIHTC equity, permanent debt, public subsidies, ground leases and other funding sources amid elevated construction and borrowing costs. Boyle highlighted the importance of assembling multiple financing sources to close funding gaps, noting that today’s capital stacks often contain more components than they did just a few years ago. He also discussed the role of ground leases and private capital in improving project feasibility, while emphasizing that strong sponsors and well-structured deals remain critical to getting affordable housing projects across the finish line.
Read the full article here on pages 25 & 26.