PT  - JOURNAL ARTICLE
AU  - Hans Nordby
AU  - Ethan Vaisman
AU  - Andrew Rybczynski
TI  - Gimme Shelter: <em>Defining Market-Rate Affordable Housing and Its Investment Performance</em>
AID  - 10.3905/jpm.2017.43.6.187
DP  - 2017 Sep 30
TA  - The Journal of Portfolio Management
PG  - 187--201
VI  - 43
IP  - 6
4099  - https://pm-research.com/content/43/6/187.short
4100  - https://pm-research.com/content/43/6/187.full
AB  - In the midst of historically low multifamily vacancies, a large supply wave of high-end apartments, and a national discussion of wealth inequality, multifamily conversations increasingly include housing affordability and the availability of affordable multifamily housing. The problem is that although there is much talk, there is no lingua franca. Definitions of the size, scope, and characteristics of the nonsubsidized affordable housing market do not exist. In this article, the authors define the inventory and explore the investment characteristics of nonsubsidized naturally occurring affordable housing in the United States.TOPIC: Real estate