Media Advisory

New York Fed to Release Case Study on Private Capital Investments in Affordable Rental Housing

February 27, 2023

NEW YORK — The Federal Reserve Bank of New York will release "Alternative Investments in Community Development: A Case Study of Managers of Multifamily Affordable Housing Private Investment Vehicles" on March 6, 2023, at 11 AM EST.

The case study focuses on survey responses from managers of private investment vehicles in multifamily affordable housing. The majority of respondents say they anticipate raising more equity in the next 12 to 24 months than they did in a roughly five-year period ending in August 2022. Additionally, respondents plan to more than quintuple their investment in new construction projects in the next 12 to 24 months. Respondents have a median 5,619 affordable housing units in their portfolios, most of which have tenant income restrictions.

The case study was developed as part of the New York Fed's Community Development efforts, which have three areas of focus: health, household financial well-being, and climate risk.

Ellen Simon
(347) 978-3036
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