Affordable housing investments can be lucrative for a variety of reasons. Check out the top five benefits of putting money into the sector here.
It’s no secret that there’s a severe shortage of affordable housing in the U.S. The National Low Income Housing Coalition put out a report in March of 2021 which estimates a gap of 6.8 million affordable and available units for what are known as extremely low income renters, a HUD (US Department of Housing and Urban Development) definition meaning a household income of less than 30% of area median income, or AMI.
Current efforts don’t appear to be able to bridge this massive gap, either. A Wall Street Journal article from years ago highlights how, at that moment, developers have overwhelmingly been building luxury unit, with very little focus on affordable housing except where required by law.
Investment, too, appears to be highly concentrated on top-tier apartment buildings across major markets. So, what is the upside to making an investment play in affordable housing? Check out five key reasons below. Read More
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