HUD User published a case study on the Riverport Family Scholar House, one part of a larger multi-generational housing development. Riverport provides affordable housing and a network of support services to single parents and foster care alumni who are pursuing post-secondary education in Louisville, KY. Residents receive access to free or heavily subsidized child care, as well as academic coaching and support. The development’s educational services building hosts a wide variety of support services, such as food pantries, professional development seminars and mentoring for residents and members of the surrounding neighborhoods. The project won the 2019 American Planning Association/HUD Secretary’s Opportunity and Empowerment Award.
Kingsley Associates released an executive summary of findings from confidential interviews with 31 large institutional investors and investment advisors on the topic of affordable housing investment. They found three main reasons these investors chose not to invest in affordable housing:
The Federal Government’s “onerous rules and regulations.”
The miseducation (or under-education) of the investment community.
Investing in affordable housing solely to meet a mandate.