The Time Is Right For Investing In Affordable Housing Preservation

The U.S. is in the midst of a protracted affordable housing crisis, with half of all renters nationwide spending more than 30% of their income on rent. How can preserving existing affordable rental housing serve as a solution to the housing crisis?

Boston Financial’s in-house experts Thomas Paramore, Head of Housing & Community Investments, and Emily Greenwalt, Director of Preservation & Impact Investments, explore how investing in the preservation of affordable housing can create meaningful social impact while offering a compelling financial return:

• Preservation investments may offer attractive, risk-adjusted returns as an asset class that can perform well under most market conditions.
• Affordable housing preservation is a strong avenue for impact investing, as stable and affordable housing is linked to positive outcomes in health, education, and economic growth.
• Investing in affordable housing preservation through a fund offers a streamlined means to review quality opportunities, optimize portfolio diversification, and ensure effective oversight for the life of the investment.

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About The Authors

THOMAS PARAMORE

Thomas Paramore is Senior Managing Director and Head of Housing and Community Investments. He joined Boston Financial in 2013 and has over 20 years of affordable housing and LIHTC experience. Mr. Paramore is responsible for expanding Boston Financial’s multifamily investment offerings, including its first third-party Preservation Equity Fund.

EMILY GREENWALT

Emily Greenwalt is Director of Preservation & Impact Investments. She joined Boston Financial in 2017 and has over 10 years of affordable housing experience. Ms. Greenwalt is responsible for evaluating, structuring, and closing Boston Financial’s Impact Investments.