COVID-19 and Attainable Housing:
While the ongoing pandemic is testing the real estate market, the attainable housing sector has demonstrated to be a resilient and defensive asset class.
The reason lies in the deep-rooted shortage of affordable/ attainable housing units in the US. Indeed, the impoverishment of the traditional middle-income class, coupled with the attraction of developers for construction targeted to upper-income households, have created an unprecedented affordability housing crisis in the nation. The coronavirus pandemic has only exacerbated this situation as unemployment is quickly rising across the country.
With that in mind, Monceau Real Estate is continuously evaluating affordable/ attainable development projects that present both a strong Return on Investment and social benefit. By choosing to partner with local organizations dedicated to workforce development, Monceau works with the community directly. The development of attainable housing has a positive impact not just on the families who can live in affordable apartments but also on the local economy.
Our firm is actively looking to acquire lands for development in South Florida to build middle-class communities from 70 to 250 units.
