X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
pat jackson Pat Jackson

➤➤ Join the GlobeSt.APARTMENTS (formerly RealShare) conference October 29-30 in Los Angeles. The event will analyze the opportunity in the emerging trends and conditions of the multifamily market. Don’t miss out on joining the 1000+ of the industry’s top owners, investors, developers, brokers and financiers as they gather for THE MULTIFAMILY EVENT OF THE YEAR! Click here to register and view the agenda.


The shortage of workforce and affordable housing has become a national crisis—not only an issue in major metros and primary markets. With limited supply and rising demand, national lender Sabal Capital Partners sees an opportunity to address the housing crisis in secondary and tertiary markets. As the economy continues to grow, demand will increase for this housing segment, and in a downturn, demand will increase as people seek a lower cost of living.

“There is a workforce housing shortage in every market in America. People think that this is a big city issue, but the reality is that this is an issue in secondary and tertiary markets just as much as it is a primary market,” Pat Jackson, president and CEO of Sabal Capital Partners, tells GlobeSt.com. “As the economy continues to grow, there has not been enough workforce housing coming into the marketplace. You see a lot of growth in class-A and A+ markets, but you don’t see any new supply in places where workers can live and raise a family. That has been exacerbated by a limited availability of starter homes and the difficulties to secure a loan as well as the number of people that would rather rent. It is putting a lot of pressure on workforce housing supply everywhere.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.