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Real Estate

Improving Neighborhoods, One Home at a Time

April 10, 2019
In reality, America actually has a huge supply of affordable housing, though much of it is in rough shape. That’s where investors can play a vital role. In many communities across the country, deferred property maintenance has taken a heavy toll – especially on older homes.
Rebecca McLean, Executive Director, National Real Estate Investors Association

We like to say neighborhoods can be improved one home at a time and it is certainly true. National REIA members often seek out and identify distressed properties in neighborhoods that no one wants to touch. They rehab those properties and add value not only to the community (removing blight, abandonment, etc.) but strengthening the local tax-base as well through increased property values. Families looking for starter homes (to buy or rent, depending on their situation) are then able to find quality, affordable housing in a neighborhood that meets their needs in a location of their choosing.

This is a big deal for those in lower income communities especially when it comes to accessing good paying jobs and quality schools. Many families also want to put down permanent roots. Buying a home allows them to build financial security while providing stability for their family. It is a win-win.

Finally, there is one item on the horizon that will potentially have an incredible impact on the supply of affordable housing – Opportunity Zones. As part of the Tax Cut & Jobs Act of 2017 (now law), these zones have the power to profoundly impact distressed communities across the nation. We believe the tax incentives provided by this new law will spur a wave of redevelopment that will not only provide a steady supply of affordable housing, but embody the old axiom of a rising tide lifting all boats.

After all, a diverse housing stock providing affordability at all levels of income is key to helping Americans attain the American Dream – whether it is homeownership or a comfortable rental home, National REIA members are helping families make that possible….one home at a time.

For more information on National REIA, visit www.NationalREIA.org.

Rebecca McLean is the Executive Director of the National Real Estate Investors Association. National REIA is a federation of local associations or investment clubs throughout the United States that represents local investor associations, property-owner associations, apartment associations, and landlord associations on a national scale. By representing the interests of approximately 40,000 members across America, they are the largest broad-based organization dedicated to the individual investor.

Rebecca McLean is not an employee of Equity Trust Company. Opinions or ideas expressed are not necessarily those of Equity Trust Company nor do they reflect their views or endorsement. These materials are for informational purposes only. Equity Trust Company, and their affiliates, representatives and officers do not provide legal or tax advice. Investing involves risk, including possible loss of principal.

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