Posts by David Brickman
David Brickman is executive vice president and head of the Multifamily Business. He leads all aspects of Freddie Mac's Multifamily business - one of the largest capital providers to the US multifamily rental housing market. He is a member of the company's senior operating committee and reports directly to CEO Don Layton.
Much of the conversation regarding affordable rental housing tends to focus on younger households – in particular, Millennials. However recent findings from our first Freddie Mac 55+ Survey suggest that shifting housing choices by the Baby Boomers and those older may significantly exacerbate the already acute shortage of affordable housing in the years to come.
Ten years ago, Freddie Mac Multifamily envisioned a future multifamily housing finance system, and began the process of transforming our business – and we haven’t looked back.
- In the multifamily mortgage market
- In rental demand
- In our business
- In demand for affordable housing
Amid all of the fuss about Millennials, let's remember that our population on the whole is aging. Among the many repercussions: We'll start to see explosive growth in the need for housing that offers affordability, accessibility, support services, and community over the next 10 to 20 years. Once it hits, it'll continue for years. We'll need to start preparing for the coming wave and taking advantage of opportunities it presents.