Student Housing Pushes Out Affordable Living in College Towns


Student Housing Pushes Out Affordable Living in College Towns


For Kyle Bach, CEO of The Annex Group LLC, there’s an affordable housing crisis taking place in large university towns. After extensive research in Bloomington, Indiana, and other similar towns, Bach found that over the past decade or so virtually all new multifamily product added to the market has been either student or luxury housing. This has priced out the workforce or affordable housing residents in those communities, he says.

About a year-and-a-half ago, Bach’s Indianapolis-based firm reconfigured its development focus in effort to fill this need by providing affordable housing for the university workforce or married students...

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- - Volume: 6 - WEEK: 31 Date: 7/31/2018 7:41:53 AM -