Mission-driven housing developers focus on producing a product that serves community needs and also sells at a sustainable price, but at a lower price than could be gained than if they were just maximizing profit. These can be either for-profit or non-profit firms. Several large firms that do this work exist, but none operate in the region. Efforts should be made to attract such firms to undertake projects or to build a local entity to do such work. As part of this effort, the needs of the regional housing market and other data can be prepackaged to make the case that there is plenty of room for such developers to enter the market.
Additional Resource – Market-based, mission driven developer dramatically lowers costs of building affordable housing by Outside City Hall