The global affordable housing crisis is continuously worsening, fueling economic inequality and constraining long-term growth in the communities where we invest around the world and this is directly tied to rising economic inequality, which is a constraint on economic growth. Vulnerable populations worldwide have suffered disproportionate health and economic setbacks from the pandemic and ensuing global economic recession. Persistent social injustices, many of which are systemic in nature, create the environment in which these disparities thrive.
Commercial real estate investors’ ability to impact housing affordability goes beyond supporting those most in need. Functioning economies need low-to-moderate income earners, and communities need strong, diverse workforces. This demographic receives a mix of government subsidies and in some cases earns too much to be eligible for public housing programs. We believe by building diverse rental housing opportunities across all income levels, we are creating thriving communities that support strong real estate value creation across all sectors.
This report also explores the following:
- U.S. affordable housing impact strategy
- Housing impact investment performance and results
- Impact Measurement and management
- Environmental areas of focus
- Case studies of impact initiatives
We view affordable housing as a resilient asset class where strong financial performance and meaningful impact are inherently linked. In a changing market, we see this as a stable, forward-looking strategy that aligns purpose with performance.
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