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While government’s role in creating affordable housing is to create policies, provide services, and build the crucial political will that encourages and promotes development of more housing, moving from policy to buildout cannot be achieved without the private sector.
The housing crisis in the United States has been worsened by the pandemic, persistent inflation, and the cost and availability of housing. At the same time, the number of individuals experiencing homelessness increased more than 3 percent nationally, with Los Angeles—which has one of the nation’s most constrained housing markets—at the epicenter of the crisis.
The industry’s moral imperative is clear, but support for efforts aimed at easing the homelessness crisis also makes good business sense. Here are just three ways getting involved in affordable housing will benefit your bottom line …