The Professionals’ Choice for Real Estate Jobs

Demons to Angels

Will demonized developers turn into city saviors? According to a March 2019 report issued by the National Low-Income Housing Coalition the shortage of affordable, decent, and accessible housing in the U.S. has risen to seven million, which translates to approximately 37 affordable rentals for every 100 low-income households. Most affordable housing projects don’t pencil out and the combination of bank financing and tax credits still results in a budget gap. Opportunity Zones could bridge the gap, but there is no requirement within the legislation for a real estate developer to provide a benefit beyond an increase in the value of the property over a 30-month period. Cities can’t force developers to build projects that deliver specific benefits, like affordable housing. 60 Minutes, usually a conservative news program, featured a working, homeless couple with a sick child living in Tent City in Portland, Oregon surrounded by luxury housing developments. When the political wind for change blows as hard as it is now, it is simply prudent for developers to build shelters to protect them from the wind.

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

All Top Talent Brief