The affordable housing crisis has reached unprecedented heights, with 22.4 million renter households now cost burdened, illustrating the growing need for affordable rental homes.
The increasing operating costs, including insurance and labor, create immense financial pressure on owners of affordable housing as expenses now often exceed revenues.
Public resources are constrained, and as the affordable housing stock ages, property owners struggle more than ever to maintain properties and make payroll amid rising costs.
Mission-based housing owners, driven by systemic change goals, face unique challenges as they require patience and long-term strategies amidst a tightening economic landscape.
#affordable-housing #rental-crisis #cost-burdened-households #property-management #mission-based-landlords
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