The Opportunity
America is facing an unprecedented housing supply crisis. With a shortfall of more than seven million housing units and an estimated cost of $250,000 per unit and higher to build, the country is grappling with a staggering $2 trillion housing problem. Despite this immense challenge, no comprehensive solution has yet emerged, exacerbating the affordability gap and leaving many families without access to stable housing.
This shortage is capturing the attention of communities, policymakers, and investors alike, as the lack of affordable housing impacts millions of Americans. The widening gap between supply and demand for affordable rental apartments is particularly critical in urban and suburban areas, where rising costs and limited inventory have left working families and lower-income households struggling to find suitable housing options. As the urgency of this crisis grows, the need for innovative and scalable solutions becomes ever more pressing.
Astoria Housing Partners is stepping up to address this critical societal challenge by delivering practical, forward-thinking real estate projects designed to close the gap in affordable housing. Through the effective use of Federal and state tax credits along with thoughtful design, efficient use of space, and targeted developments in key markets, Astoria Housing Partners is helping to alleviate the housing shortage while making a positive impact on individuals, families, and communities across the nation.
By focusing on building affordable, resilient housing in the face of this national crisis, Astoria Housing Partners is contributing to both economic stability and community well-being, showing that the housing supply issue can be addressed through innovative approaches that prioritize both social good and sustainable growth.