A unique debt-and-equity REIT, the Community Development Trust, is being launched as a conduit for substantial securitizations of multifamily housing. While other hybrid REITs serve as conduits for securitizations and are involved in commercial mortgages, CDT is the first of its kind to specialize in affordable multifamily housing.

While REITs have been created for shopping centers, office buildings, hotels and even prisons, "CDT is the first REIT uniquely designed to apply these financing techniques to affordable housing and economic development," said Nicolas Retsinas, director of Harvard's Joint Center for Housing Studies.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.