HAI Group was recently featured in USA Today, where company leaders and representatives from the Public and Affordable Housing Research Corporation (PAHRC) discussed the growing importance of affordable housing and the opportunities emerging across the industry.
The article, "Affordable Housing Is Evolving. Here’s Why More Industries Are Taking Notice," explores how rising housing costs, increasing demand for affordable rental housing, and ongoing preservation and redevelopment efforts are reshaping the multifamily housing landscape.
Featuring insights from Ed Malaspina, president and CEO of HAI Group; Troy LePage, chief operating officer and executive vice president; and Kelly McElwain, director of research with the Public and Affordable Housing Research Corporation (PAHRC), HAI Group's research division, the article helps explain how affordable housing works, how it differs from public housing, and why a deeper understanding of the sector is becoming increasingly valuable for organizations serving the market.
The article also highlights the scale of the affordable housing industry and the growing need for partners who understand the funding structures, compliance requirements, and long-term commitments that support these communities' success.
“Affordable housing requires partners who understand both the mission and the mechanics behind it,” Malaspina said, in the article. “As demand continues to grow, organizations that understand the funding models, operational challenges and partnerships behind affordable housing can play an important role in serving a specialized market while helping communities address a critical need.”
The feature also explores major affordable housing programs, including the Low-Income Housing Tax Credit (LIHTC), Section 8, and the Rental Assistance Demonstration (RAD) program, while examining where opportunities are emerging for developers, lenders, insurers, and other industry professionals.
To read the full article, visit USA Today.
