Shore Hill Housing, Brooklyn, N.Y. r ill i , r l , . .
Realizing Impactful Returns in Affordable Housing Institutions look beyond challenges to tap investment opportunities in affordable housing t t iti
By Beth Mattson-Teig
i
S olving the affordable housing crisis in this country is a daunting task that will require a collaborative effort from a myriad of pub- lic, private and philanthropic capital sources. Institutional investors have an opportunity to take a bigger step into the affordable housing sector, and, in the process, drive positive social and financial results for their companies, share- holders and communities. The shortage of affordable housing is a well- documented issue across the country from rural towns to major metros. According to The State of i l l t f i i i t i ill i l . it t i i l ,
the Nation’s Housing 2019, published by the Joint Center for Housing Studies of Harvard University, nearly half of all renter households (47.4 percent) are cost-burdened, paying more than 30 percent of incomes for housing. Institutional capital fills a critical need with investment opportunities on both the equity and debt side of both financing new development and preserving existing afford- able housing rental properties. “Institutional capital has come to under- stand affordable housing more as an asset class, and come to understand some of the unique t ti ’s si , lis e y t e J int t r f r si t i s f ar ar iversity, rl lf f l r t r s l s (47.4 erce t) t- r , i r t a 30 erce t si . I stit ti al ca ital l s f i f r iti l it i st t rt ities t t it t si f t a cing r s r i isti af r - l t l i r t l r rti s. I tit ti l it l s c t er- t f r l si r s a as et clas , t rst s f t e i e
A Difference Maker Dif erence Maker
6
6
A Difference Maker
Powered by FlippingBook