Ozy: Struggling to Make Rent? For Middle-Class Millennials, Help is on the Way
For middle-class millennials, housing help is on the way. In this Ozy piece, Carly Stern dives into innovative housing solutions underway across the country aimed at housing millennials, many of whom began working on the heels of the Great Recession in 2008.
“Now, a growing band of investment firms, public-private partnerships and tech companies are devising creative interventions to fill this workforce housing void. They recognize there’s an increasing market gap waiting to be filled, with the added attraction of good PR for giants currently battered by negative publicity. The workforce housing market has attracted nearly $375 billion in investment over the past five years, translating to about half the total investment for multifamily assets.”