Q1 Affordable Housing Market Update
The past year was the most unusual ever for Affordable Housing due to the challenges of the COVID-19 pandemic. As a result, owners have dealt with eviction moratoriums and rent collections while having to work remotely.
And, while the need for Affordable Housing is even greater today, we are experiencing supply chain issues with increased costs for new construction.
Join RealPage® VP and Affordable Housing expert Greg Proctor, RealPage VP and Deputy Chief Economist Jay Parsons, RealPage Chief Economist Greg Willet and HUD Senior Economist Dr. Michael Hollar for the live webcast, Q1 Affordable Housing Market Update.
You’ll hear from the experts as they discuss insights for the new year, as well as:
- 2020 market recap
- Regulatory impact of COVID-19
- Expected impact of the new Administration
- What the market will look like in 2021
Greg has been in the Affordable Housing industry for over 35 years, having operated several property management companies and having owned/developed affordable properties across several states. Greg was the founder of Windsor Compliance Services, now RealPage Compliance Services. RealPage acquired Windsor in 2013. Since then, under Greg’s leadership, RealPage Compliance Services has grown to monitoring 195,000 units at over 2,100 properties, helping clients mitigate risk and helping them qualify residents for badly needed affordable housing. Greg is now overseeing RealPage’s affordable vertical market as its Vice President of Affordable Housing Solutions.
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Jay ParsonsDeputy Chief Economist and Vice President of Asset Optimization, RealPage, Inc.
Jay Parsons is RealPage’s Deputy Chief Economist and Vice President of Asset Optimization. Jay has been in the multifamily housing industry for more than a decade, and works across market research and forecasting, revenue management, business intelligence, as well as multi-dimensional optimization across pricing, marketing, leasing and risk management. He has provided commentary on CNBC and in the Wall Street Journal. His writings and research have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, GlobeSt and Multifamily Executive. Jay is also a frequent speaker at events and conference, including the National Multifamily Housing Council, NAIOP, NAA and ULI.
Dr. Michael HollarSenior Economist, Office of Policy Development & Research (PD&R)
Dr. Michael Hollar is a senior economist with the U.S. Department of Housing and Urban Development (HUD). He received a BA in Economics from Wittenberg University and Ph.D. in Economics from the George Washington University. Dr. Hollar works on public finance issues for the Office of Policy Development and Research (PD&R), including analysis of the Low-Income Housing Tax Credit (LIHTC) program and economic impact analysis of HUD-issued regulations. Dr. Hollar also manages HUD’s LIHTC tenant and property data collections and designates Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs) for the LIHTC program.