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This NYU Stern study analyzes how impact-driven practices in affordable housing—aligned with the Multifamily Impact Council framework—affect financial performance. Using case studies and ROSI methodology, it finds that resident services, housing stability programs, and energy investments (like solar and retrofits)…
Read MoreThis study evaluates property tax abatements and exemptions as tools to increase housing supply and affordability. Analyzing programs across the U.S. and eight city case studies, it finds that tax incentives help close financing gaps, enable new and preserved housing,…
Read MoreThis paper examines U.S. affordable housing as an impact investment and portfolio diversifier. Using historical performance data and recessionary comparisons, it finds that affordable housing delivers steady income, lower volatility, and stronger resilience than market-rate apartments. Government rent subsidies support…
Read More2025 Research from ION Water shows that uncontrolled water use is one of the most costly and overlooked risks in affordable multifamily housing. The study finds that more than half of all water paid for in affordable properties is lost…
Read MoreVantageScore’s analysis shows reporting on-time rent payments makes more previously unscorable renters mortgage-eligible and improves score accuracy. Including rent data enhances risk prediction and expands access without raising default rates, supporting more inclusive underwriting.
Read MoreA study of 26,500 loans links higher utility costs and poor energy efficiency to elevated mortgage default risk. Efficient buildings show more stable NOI and lower financial stress. The findings confirm energy performance is directly tied to loan performance and…
Read MoreA study of 26,500 loans links higher utility costs and poor energy efficiency to elevated mortgage default risk. Efficient buildings show more stable NOI and lower financial stress. The findings confirm energy performance is directly tied to loan performance and…
Read MoreThis paper from the National Bureau of Economic Research investigates rental yields and price trends across multiple countries and finds that low-rent properties produce systematically higher returns without carrying additional systemic or idiosyncratic risk
Read MoreThis paper from the National Bureau of Economic Research investigates rental yields and price trends across multiple countries and finds that low-rent properties produce systematically higher returns without carrying additional systemic or idiosyncratic risk
Read MoreThis paper from the National Bureau of Economic Research investigates rental yields and price trends across multiple countries and finds that low-rent properties produce systematically higher returns without carrying additional systemic or idiosyncratic risk
Read MoreThe NY Fed reports growing adoption of impact-oriented multifamily strategies focused on affordability, renter stability, and long-term stewardship. Investors increasingly pair financial goals with measurable social outcomes, signaling impact’s shift into mainstream multifamily investing.
Read MoreThe NY Federal survey of affordable housing investment managers found a rapidly expanding market for new investors – driven by banks, pensions, insurers, and family offices. Managers in the survey raised $18.4 billion over five years and expect to raise…
Read MoreResearch shows more affordable rental properties deliver higher returns without higher risk. Market frictions—not fundamentals—keep capital out, creating persistent alpha for investors focused on affordable rental housing.
Read MoreThis paper from the National Bureau of Economic Research investigates rental yields and price trends across multiple countries and finds that low-rent properties produce systematically higher returns without carrying additional systemic or idiosyncratic risk
Read MoreA study of 26,500 loans links higher utility costs and poor energy efficiency to elevated mortgage default risk. Efficient buildings show more stable NOI and lower financial stress. The findings confirm energy performance is directly tied to loan performance and…
Read MoreA survey of 74 NeighborWorks® nonprofits shows resident services are widely offered but funded through shifting, inconsistent sources. Budgets rely heavily on operating funds, partnerships, and COVID-era flexibility. The report highlights the need for stable, diversified funding and stronger evaluation…
Read MoreAn analysis from the Pension Real Estate Association shows affordable multifamily properties deliver competitive, long-term returns with lower volatility and steadier demand. The performance of the affordable asset class highlights its value as a stable component of diversified real estate…
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