I had a blog coming over my desk that reminded me about a phone call I had this week alone with several housing authority agents who are working with section 8 and low income housing clients.

Most of the housing agents are scrambling to find enough affordable housing for families who need them and anytime there is an available unit they have more than enough applicants to fill them within less than a few days. During the conversation I mentioned that investors I was working with are looking to make homes available to the low income sector and asking them what and where their greatest need is. Most of them did not even let me not even finish my question. Each and every one of them told me they can fill housing with 1 bedroom as easily as homes with 4 or more bedrooms within a few days.

The other wall the housing authority runs into is the availability of fund for the families who need them. Many areas now have a lottery for the money the families need and the families need to count on the luck of the draw to receive money to help them. Now with the Federal Housing Finance Agency (FHA) pledging to decrease the flow of money into multifamily housing by 10 percent this year, it will put a huge damper on the multifamily housing market in a very short period of time.