Housing satisfies the basic human need for shelter, but its influence on social welfare is far more complex. Research indicates that stable access to quality, affordable housing is a determining factor in the physical, emotional, economic, and environmental welfare of individuals, families, and communities. Yet, the US is struggling with an affordable housing crisis.

The 2008 financial crisis and the ensuing collapse of the U.S. housing market put a great deal of economic stress on American households, but those on the bottom rungs of the income ladder have been facing an affordability crisis for decades.  The financial crisis has only exacerbated demographic trends that are making rental housing, where most lower-income households find shelter, increasingly expensive or unavailable.

We aim to provide the firm’s investment team and its clients a comprehensive understanding of the role client capital can play in effecting change within a given impact issue area.  The reviews are structured to cover the fundamentals of the issue area, the role of private capital, outlining a framework for impact, and identifying the opportunity set.

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