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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