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