The Impact and Opportunity Costs of a Growing Single-Family Rental Market: Join us January 25!
In Minnesota and around the country, we are observing a rise in investor ownership of single-family homes, with holdings increasing in part due to a rise in outstate corporate investor ownership. Data shows that these investors target distressed or undervalued housing stock in neighborhoods that are home to lower-income communities of color, capitalizing on the impact of the foreclosure crisis and out-competing first-time homebuyers via all-cash offers. Increasingly, research and insight from renters suggest experiences with large portfolio owners (51+ units) include worse property conditions, higher fees, and greater discrimination, posing real threats to housing quality and stability for renters in our region.
Join us to explore insights into the current state of the single-family rental market in the Twin Cities region.
Thursday, January 25, 2024
2:00 – 3:30 pm
Via Zoom Webinar
Agenda
2:00-3:00 Findings from the Field: Virtual Panel Presentation
- Libby Starling (Community Development and Engagement, Federal Reserve Bank of Minneapolis): The Increase in Investor Ownership of Single-Family Rental Homes in the Twin Cities
- Jordan Ash (Private Equity Stakeholders Project): The Business Model of Single-Family Landlords in the Twin Cities Region
- Dr. Ed Goetz (Center for Urban and Regional Affairs): Findings from Phase 1 of Surveying Renters in North Minneapolis SFRs
3:00-3:30 Q&A, Thank You and Next Steps
