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July 16, 2014

Diet of New Multifamily Construction Leaves Supply Too Thin

Rental Housing

New Multifamily Construction

Renovating, rehabilitating, and otherwise preserving existing apartments could mean the difference between having enough multifamily rental housing to meet growing demand – or not.

  • Modernizing units could help keep them viable.
  • Modifying units could help better meet evolving needs.
  • Some enhancements could help slow the rate of removals from stock as well as preserve any subsidies they might carry – such as Low-income Housing Tax Credits (LIHTC) and rent assistance – that keep the units affordable, particularly to lower-income renters.

Learn more – read Multifamily EVP David Brickman's Executive Perspectives article, Multifamily Housing Can't Live on New Construction Alone.

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