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Lifecycle Underwriting: Potential Policy and Practical Implications

Lifecycle underwriting represents a new way of thinking about the costs of multifamily affordable housing. This policy working paper explores the policy and practical implications of lifecycle underwriting and opens up a debate about the trade-offs of financing properties for a 50-year viability period, rather than the more typical 15-year time frame.

The suite of materials also includes L-Cycle, a free tool that enables users to estimate whether a property is likely to have sufficient funds to meet expected capital needs over a full 50-year lifecycle.

For more information or to schedule an interview with the author, please contact Andrea Nesby, Marketing & Communications Manager, at (202) 466-2121, ext. 240, or

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