The availability of affordable housing in the United States has reached a “crisis” level, and the gap between housing prices/rents and median household incomes continues to widen. Unfortunately, there is no single, simple solution to this challenging problem. It is clear, however, that to effectively address the issue will require participation from government and government agencies, as well as private corporations and institutional capital providers.
Institutional investors are just starting to recognize that the affordable housing sector offers an impact investment opportunity as well as steady income and solid returns. It is a yield opportunity that provides a durable income stream throughout economic cycles.
Recently, The NHP Foundation, a not-for-profit real estate organization dedicated to preserving and creating sustainable, affordable multifamily housing, partnered with Kingsley Associates, a real estate industry research and consulting firm, to conduct an