Money pours in from the private sector, government and academia to help solve the nation’s housing affordability issues.
By Jennifer Castenson | Builder
Building affordable housing is not a high-profit business. Recently it has become difficult to make any profit at all, which has led to a sharp reduction in the supply of affordable housing while the demand continues to escalate.
This is being felt in many markets across the country, more sharply in some than others. It’s felt by the public, by local government and by locally based organizations that cannot attract talent to hire. So, many organizations are starting to do something about it, some through strategic collaborations but all through thoughtful programs that are raising capital to put behind efforts to develop housing that is more attainable at lower income levels.
