The ongoing need for affordable housing in markets across the country is undeniable.

Earlier this year, the National Low Income Housing Coalition (NLIHC) released a report finding a national shortage of 7.3 million affordable and rental homes for extremely low-income renters — that is, those with incomes at or below the poverty line,  or 30 percent of their area median income (AMI). Housing affordability is about to become even more critical as rent-cap requirements for nearly 500,000 low-income housing tax credit (LIHTC) housing units nationwide are set to expire in the next few years, making them susceptible to market-rate rents that many Americans simply cannot afford.

Avanath Capital Management acquires, renovates and operates apartment properties, with an emphasis on affordable and workforce communities. Approximately 75 percent of Avanath’s multifamily rental units are designated affordable.

There are many challenges to building and providing more aff