In this episode of ChangeMakers, Katie sits down with Bob Simpson, founder of Simpson Impact Strategies and CEO of the Multifamily Impact Council, to discuss the critical role of affordable housing in strengthening communities and driving economic growth. With over 25 years of experience in housing finance and policy, Bob shares insights into the challenges and opportunities in the multifamily housing industry, including the need for innovative financing solutions, regulatory streamlining, and the importance of impact investing. Bob delves into the mission of the Multifamily Impact Council, which aims to establish industry standards for impact investing in affordable housing, ensuring that investments not only deliver strong financial returns but also improve lives and build resilient communities. He also addresses the complexities of affordable housing development, the role of private investors, and the controversial topic of rent control.
Throughout the conversation, Bob emphasizes the importance of creating more affordable housing to address the growing demand, while also preserving existing units. He highlights successful initiatives in cities like Dallas, Minneapolis, and Los Angeles, and discusses how state and local governments can incentivize affordable housing development.
Tune in to hear Bob’s vision for the future of affordable housing, his thoughts on the intersection of policy and investment, and why he believes affordable housing is not just a social good, but also a sound economic policy. Whether you're an investor, policymaker, or simply someone passionate about housing equity, this episode offers valuable insights into how we can work together to create more sustainable and inclusive communities.