As the affordable housing crisis rages on, Mosser Capital is working closely to unite forces in taking meaningful action towards accessibility and preservation of naturally occurring affordable housing (NOAH). Mosser Capital CEO Jim Farris shared insights into this process in a new article on WealthManagement.com, Keeping the Promise of Affordable Housing.
In the article, Jim writes about how private capital and supply solutions are pivotal to real progress in the sector. As the COVID-19 pandemic has exacerbated the need for more affordable housing, the need to better understand the crisis and further expand NOAH inventory has increased dramatically. The glacial rate of new affordable housing construction, insufficient models for new-build target and performance reporting, and regulations regarding lot sizes and zoning negatively impact the ability to create and preserve affordable housing for those in need.
“Today presents a unique opportunity for policymakers and regulators, developers, landlords and investors to come together and take meaningful action towards ending this crisis.”
- JIM FARRIS
Moving forward, Jim shares that, “today presents a unique opportunity for policymakers and regulators, developers, landlords and investors to come together and take meaningful action towards ending this crisis.” Collaboration and teamwork among these parties will prove integral to supporting rent-regulated housing and those that build it, which will ultimately enable communities to increase and preserve robust and sustainable affordable housing for their members.