A lack of affordable housing remains a serious issue. Many Americans are being priced out of the cities they work in, and families are struggling to provide shelter for their children.
This is not just a personal issue: It’s a social one — and one with long-term impact. To find out some steps that can be taken to tackle the problem, we asked the experts of Forbes RealEstate Council how people in the real estate industry can make a positive impact on the housing market in order to help address the issue of housing affordability. Here's what they had to say.
Members discuss making a positive impact. PHOTOS COURTESY OF THE INDIVIDUAL MEMBERS.
1. Partner With Other Affordable Housing Stakeholders
Local officials are looking for ways to maintain and preserve affordable housing. You may be able to take advantage of subsidies to help underwrite your efforts. You could also meet with a local affordable housing developer or active not-for-profit organization to learn and discuss partnerships. Also, consider partnering with large institutions in your area, such as universities and hospitals. - Deborah Rabbino Bhatt, Vesta New York................Read More
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