John Williams of Avanath Capital Management explores the "newest darling of the multifamily investment market."
Affordable housing could be the newest darling of the multifamily investment market in 2017.
There’s no question that there is a tremendous need for this product type in the United States.
According to a 2016 report by the Joint Center for Housing Studies of Harvard University, more than a third of U.S. households pay more than 30 percent of their income in rent. Of this third, 16.5 percent of households allocate more than 50 percent of their income toward rent.
As the demand for affordable housing continues to outpace supply in markets across the nation, many multifamily investors are eyeing this asset class with renewed interest.