How the Apartment Industry Can Address Inequality

Housing is a central component of inequality in this country, and the apartment industry and apartment owners are in a position to directly address issues of inequality related to housing. While there is certainly an ethical and moral reason to create more equitable housing, there is also a financial reason too. Avanath Capital Management has launched an eight-step action plan to address inequality in minority communities, and the company’s founder, chairman and CEO Daryl Carter says that the policies are good for business.

“There is a lack of investment in communities of color. When you look at the apartment industry, most of the renters in America are black and brown,” Carter tells GlobeSt.com. “After I started talking to people about the issues that we are seeing, some of the biggest names and owners in the industry have called me say that they want to see change but that they don’t know what to do. We can start off by being more inclusive in our organizations, and I have challenged my colleagues in the industry to work harder on diversity issues. They also need to think about investing in communities of color.”