Toorak Capital Partners CEO on stepping up support for affordable housing

“Our population is growing,” he said. “Our housing needs to grow with the population, and we’ve been behind that, frankly, for a long time in this country.

“I think the issue is not if there’s demand for multifamily properties, or if people live in condos or any form of denser housing. Closer to the core, the issue is that it’s really hard to build that. So, I view it as more of a supply issue than a demand issue, and we’re just not building enough of it. And there are lots of reasons why we should go into what’s causing those issues. We’re seeing that when those affordable units are built, they’re taken up very quickly.”

You can watch Beacham’s full MPA TV interview here: Has the housing sector downturn been a surprise?