DEVCO has some access to financing from other parties such as banks and investors, said Clinton Andrews, a professor of urban planning and director of the Rutgers Center for Green Building.
It is difficult to get financing until banks and investors are convinced there is demand for the building, he said.
“Because they don’t want to put money into a building that might sit empty, they want to make sure the building will fill and people will start paying rent and they will start making their money back,” Andrews said.