Affordable housing developers in New York are finding underwriters and tax-credit investors for their deals, but the market is tougher for newer entrants than it was in the boom years, panelists said yesterday.

The mood at the New York State Association for Affordable Housing’s annual conference in New York City was more upbeat than it was a year ago, when the city announced its affordable housing program would boost its preservation deals relative to new construction in light of the credit crunch and recession.

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