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As cities big and small grapple with how to confront the housing affordability crisis, Lisa Davis, Partner and Head of Asset Management for The Vistria Group, shared her thoughts with Crain's Chicago Business on the creative solutions needed to tackle this growing challenge. https://lnkd.in/g_S9wphv

Commentary: Perceptions around affordable housing need to meet the moment

Commentary: Perceptions around affordable housing need to meet the moment

chicagobusiness.com

Nelson Patterson

President and Chief Executive Officer, Anavasi Diagnostics

2mo

Lisa, thanks for the clear presentation on the impact of the lack of affordable housing nationwide. Affordable housing does not mean Section 8, as you pointed out. There is also a great need for transitional housing - temporary stay residences outside of extended stay hotels - where people and families between jobs, recently released from incarceration, or migrants can get 3-6 months of reduced cost housing while seeking to improve their financial stability, professional prospects, and family situations. Great for The Vistria Group!

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Marzena Zareba

Vice President, Asset Management Commercial Real Estate Debt

2mo

Lisa, thank you for sharing these crucial insights on the affordable housing crisis. Your emphasis on changing perceptions and strategically developing housing in areas with strong public institutions is spot on. The Vistria Group's commitment to affordability at Haven at Long Grove is a great example of how real estate investments can create lasting positive impacts on communities. Collaboration between developers and local governments is indeed essential for addressing these challenges. Keep up the great work!

Clare Doyle Dowd

Head of Policy @ BlocPower | Energy Efficiency & Decarbonization I Board Chair I Mentor

1mo

Community engagement and storytelling about high quality and well managed affordable housing goes a long way to build trust. A local LIHTC project I’m involved in is also going to be all electric and upon council and community review this was perceived as adding value. Margaret Anadu

What a great article! Many I know who rent feel the cost of renting has gotten out of control and are worried about being forced to move to the other side of town, so to speak, to a different, more affordable community. I'm happy to read about the commitment The Vistria Group has made - fifty percent is nice!

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Russell Ballew, MBA, CFP® CEPA®

Managing Director, Private Institutional Client Advisor | Taking an institutional approach, to generate sophisticated and differentiated investment and capital markets-based solutions.

1mo

Creative solutions abound however they emerge only in areas and about things we care about. Thanks Lisa Davis for having the consideration to CARE about affordable housing.

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Wendy Rowden

President Emerita Building for the Arts NY, Inc.

2mo

Well said!

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