Why Affordable Apartments Are Hard for Low-Income Renters to Find

April 28, 2017                         By:   Kim Betancourt

Kim Betancourt, who oversees economics and market research for Fannie Mae's multifamily platform, talks about her team's latest findings on barriers to affordability.

Fannie Mae’s multifamily economics team studies the dynamics of rental markets nationwide. In its Multifamily Market Commentary for March, the team notes that it expects nearly 404,000 apartment to come online in 2017. That’s up from approximately 343,000 deliveries last year. However, just a handful of metropolitan markets account for a disproportionate share of the nationwide total.

In 2016, Boston, Los Angeles, New York City, San Francisco and Washington, D.C., combined accounted for about 79,000 of the total apartment deliveries. This year, they will have around 81,000 deliveries......Read More