In a sponsored interview published in the June issue of Institutional Real Estate Americas, LaSalle’s Jen Wichmann, U.S. head of research and strategy, and Russ Ginise, executive managing director and affordable housing portfolio manager, describe the stable growth, bipartisan support, and nationwide demand that has long characterized the U.S. affordable housing sector, and how a new class of developers, institutional investors and professional operators are taking notice.
“It’s a mature industry that has earned a well-deserved reputation for offering investments in an essential and fundamentally underserved asset class. Affordable housing programs in this country are very successful, but they remain a small portion of overall demand. Estimates point to a multimillion-unit shortfall of affordable housing, and we're delivering 100,000 or more new units a year, making it a strong investment from a supply-demand perspective.”
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