Audrey Symes explains what investors should know about the housing affordability bill that’s headed back to the House right now. The purpose-built-to-rent communities that the industry is moving towards shouldn’t be affected by the legislation, she notes, whereas “scattershot” portfolios could take a hit. Increasing affordability really comes down to building more housing, Audrey says, “we still have structural lack of housing.” She blames interest rates, labor and material costs, and zoning as issues contributing to costs.

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