NEW YORK, April 21, 2011 /PRNewswire/ -- After reviewing the economics of private transfer fees, the Council of Large Public Housing Authorities (CLPHA), one of the country's leading authorities on housing related issues, has concluded that public policy should favor the use of private transfer fees as a means for spreading development costs and lowering the cost of homeownership, writing:
"Based on our review of the economics underlying private transfer fees, and their potential securitization, we are of the opinion that this mechanism would have a beneficial effect on local economies by re-starting housing construction and producing jobs at a critical time during the economic recovery. It also seems logical to us that the use of private transfer fees would actually decrease homeownership costs and enhance affordability by spreading out certain development costs over time. We find these to be very strong policy rationales justifying the permissibility of private transfer fees." 
CLPHA members manage a significant portion of the nation's affordable housing programs. CLPHA also develops and analyzes policies impacting the public housing community, and they educate policymakers and others on topics related to housing. (www.clpha.org)
About Freehold Capital Partners: Freehold Capital Partners helps real estate developers spread infrastructure costs by means of a private transfer fee (also called a capital recovery fee). Assessing each individual homeowner when they sell the home represents an attractive, cost-efficient alternative to embedding development costs into the initial sales price.
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SOURCE Freehold Capital Partners