RAAM Construction: Affordable Housing Is a Bright Spot in a Sea of Uncertainty

Feb 24, 2021

The multifamily sector has not been exempt from the impacts of the pandemic.

The multifamily sector has not been exempt from the impacts of the pandemic. While the sector hasn’t been rocked in the same way as hotels and retail assets, multifamily has suffered from reduced rent collections, negative rent growth and declining occupancy rates. There is one bright spot: affordable housing.

“Multifamily is one of the sectors that has thrived throughout the pandemic and is continuing to thrive despite unforeseen circumstances,” Richard Lara, founder and president of RAAM Construction, a leader in affordable housing construction, tells GlobeSt.com. “While the situation continues to evolve day-by-day, making it difficult to pinpoint the true impacts of COVID-19 on multifamily in the short and long term, the affordable housing construction and development sector does offer a bright spot in a sea of uncertainty.”

Pasadena-Based Construction Firm Moves Forward with Housing Projects Uninterrupted Amid Pandemic

A number general contractors, he said, have stopped working due to the threat of COVID-19.

Raam Construction Breaks Ground on 151-Unit Palmdale Terrace Affordable Multifamily Housing Development in Palmdale, California

RAAM Construction, Inc., a general building construction firm specializing in multifamily projects throughout California…

Builders Expect an Increase in Affordable Housing Starts

The new bill is expected to drive affordable housing development throughout the state.