Affordable and workforce housing have proven to be far more resilient during the Covid-19 economic downturn, and private equity firms are ready to secure their piece of this new and growing pie. A new publicly-traded REIT has qualified as an Opportunity Zone fund, and the first publicly-traded REIT specializing in workforce and affordable housing has just been revealed to the market.
How much of a supply imbalance is there in affordable and workforce housing? It depends on the income level of the household, but the numbers show huge gaps to be filled by those who can move quickly in this time of quickly shifting priorities. But will workforce housing provide the safe harbor that other asset classes currently cannot?