As California faces soaring numbers of unhoused residents, building affordable housing must remain atop the state’s homelessness-prevention plan. More than 187,000 Californians experienced homelessness in 2024 — a stunning 24 percent of the entire nation’s homeless population. The state is at risk of adding even more families to this alarming figure. Among those at risk are working families, often holding one or two jobs, who are just one setback — such as a job loss, major illness, natural disaster, domestic violence incident or childcare crisis — away from housing instability. …
Industry Voices
Affordable Housing Developers Are Undeterred by New Funding Challenges Ahead in 2026
The affordable housing industry is entering its cautious momentum era. On one hand, the One Big Beautiful Bill Act (OBBBA) significantly enhanced the Low-Income Housing Tax Credit (LIHTC), making more credits available and making the credits easier to qualify for. On the other hand, the parallel cuts to federal funding, general uncertainty in the market and a decline in investor interest keep the industry outlook guarded. The tax credit is a powerful tool used by developers to aid in the construction and development of affordable housing projects across the country. …
To Prevent Legal Disputes Down the Road, Developers Need to Avoid the ‘Johnny Cash Contract’
Multifamily housing developers and property owners invest significant time and money into site selection, entitlements and financing, but they often give construction contracts far less attention and time than they deserve. Despite the high stakes, it’s not uncommon for developers to hand over a “Frankenstein-ed” AIA contract (a legal agreement issued by the American Institute of Architects covering areas such as costs, timelines and responsibilities) that is stitched together from old deals, then ask their legal counsel for a “quick review” with minimal edits that won’t “kill the deal.” As …
With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, Congress enacted the most significant expansion of housing incentives in more than two decades. For developers, investors and capital providers, this means new tools, more flexibility and a broader opportunity set. At the heart of the legislation are updates to the Low-Income Housing Tax Credit (LIHTC) program, alongside permanent extensions to the Opportunity Zone (OZ) and New Markets Tax Credit (NMTC) incentives. Analysts estimate these changes could support the creation of up to 1.2 million …
Pathways Through the Clutter: There are More Opportunities to Create Affordable Housing Than Local Leaders Realize
By Austin Walker Headlines involving affordable housing are often demoralizing, and for good reason. Keeping a roof over one’s head can be a complex problem with no easy answers, especially if your earnings are not at the upper end of the median. Most policymakers I meet genuinely want to help their constituents, but finding the right political and economic resources to do so can be challenging because the tools to create or preserve affordable housing can depend on a variety of policies, which typically are designed to meet the goals …
TikTok is Fueling a New Era of Real Estate Fraud — Here’s What Operators Can Do About It
By Kyle Nelson Fraud is no longer hiding in the shadows. It’s being taught and sold in plain sight — sometimes with hashtags and tutorial videos. Across the multifamily housing industry, operators are seeing the effects firsthand: Fake documents are slipping through and unqualified tenants are being approved, resulting in rising eviction rates. On TikTok, an unexpected market has emerged where users trade tips and tools for falsifying income, employment and identity to gain access to rental housing. This trend is not limited to individual bad actors offering a forged …
By Kim Young In multifamily leasing, striking the right balance between automation and human connection isn’t just a technological decision. It’s the difference between signing a lease and losing a prospect forever. According to the 2024 NMHC/Grace Hill Renter Preferences Survey Report, 73 percent of renters expect digital leasing options, yet 67 percent say personal interaction influences their decisions. These numbers tell a compelling story that every operator should heed. As managers, we aren’t merely optimizing workflows. We’re orchestrating living experiences that transform curious browsers into committed residents. Then we …
By William Fiederlein The need for affordable housing has never been greater. The United States is currently experiencing a shortage of millions of affordable housing units for low-income renters. This shortage disrupts family stability and creates a negative economic ripple effect within already vulnerable communities. According to the National Low Income Housing Coalition’s 2025 report, The Gap: A Shortage of Affordable Homes, there is a national shortage of 7.1 million affordable and available rental homes for extremely low-income renters. It nets out to just 35 affordable and available homes for …
By Max Grossman Many cities across the U.S. are grappling with two persistent challenges: a lack of affordable housing and high property taxes. While these issues may seem separate, some policymakers have implemented programs that can address both at the same time. Chicago’s affordable housing supply is short by approximately 120,000 homes and 240,000 rental units, according to the Illinois Policy Institute. Additionally, nearly one-third of Illinois residents commit more than 30 percent of their income toward housing, the most of any state in the Midwest. The city is also …
By Stephen Wright While it was a great InterFace Seattle Multifamily conference in mid-March, I left shaking my head at all the headwinds developers and operators face in that market sector. Why is it taking so long to realize the answer lies in the active adult market sector? Wait, you say. I don’t want to get involved in healthcare and all the amenities an aging population needs. You don’t have to. This market niche is the answer to many of the problems you face and will face for years to …