Workforce Housing: A Resilient Asset Class
Workforce housing stands out as a resilient asset class and a durable investment choice.
From the piece:
“Of course, not all multifamily properties perform equally. Workforce housing—which HUD classifies as residential options that are attainable for working families, typically households earning between 80 percent and 120 percent of area median income—is almost always a good investment prospect since demand tends to remain strong in both bull and bear markets.
As an asset class, workforce housing generally remains shielded from economic volatility. While luxury apartments that cater to those who rent by choice experience shifting demand, residents of workforce housing almost exclusively rent out of necessity. Because of this, there is less turnover when market conditions deteriorate.”
A link to the piece is found here
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About the Author
Jeff Carroll is a trusted leader in workforce and affordable housing who has spent his career building communities that balance efficiency, affordability, and long term stability. He leads Allen & Associates Consulting and helped launch the Workforce Housing Development Corporation, guiding projects that use innovative construction methods and mission aligned financing. With thousands of consulting assignments completed nationwide and degrees from Clemson and Harvard, Jeff brings deep technical insight and steady strategic vision to every project he supports.
This post highlights the grand opening of Buchanan’s Crossing, a fully accessible mixed income community serving veterans and seniors in Kansas City, Kansas. Project sponsors, city leaders, lenders, investors, future residents, and the construction team gathered to celebrate the completion of the first phase. The development will ultimately include forty two and three bedroom duplex units and required a major off site sanitary sewer improvement, including a one hundred forty four foot bridge that supports utilities for the project and future growth in the area. Jeff Carroll and Bob Hughes addressed attendees before the ribbon cutting and walk through, marking an important milestone for the community.