Policy Issues
Housing Affordability
Housing affordability is an issue growing in significance for the Washington, DC metropolitan area with each passing year, as more households and jobs flock to a region that is failing to produce enough housing to meet rising demand. In response, the region's premiere organization representing multifamily property owners and managers has laid out a comprehensive analysis of effective proactive measures to increase housing supply and promote affordability.
AOBA’s Housing Affordability Whitepaper analyzes the state of rental housing in the region, explains why certain demand-side housing policies are ineffective, and puts forth a set of policies endorsed by the Maryland State Department of Housing and Community Development that would help alleviate affordability pressures in the region.
To learn more about this issue, please contact AOBA's Director of Policy Communications, Alexander Rossello.
How Multifamily Rental Properties Are Financed
Rental housing serves an essential role in the viability of a community. It represents the most affordable type of housing and is critical to accommodating the workforce that fuels our local economy. Yet our region suffers from an extreme undersupply of housing. According to the Metropolitan Washington Council of Governments, we need to add 320,000 new units of housing by 2030 just to keep pace with demand.
To understand how we can create a hospitable environment to attract new housing production to our community, it is important to understand who investors are and how multifamily projects are financed.