Blockchain Registration Transaction Record

Manulife and TruAmerica Launch $1B Affordable Housing Venture

Manulife IM and TruAmerica form $1B affordable housing joint venture to address US housing shortage, acquiring 6000 units across major metro areas.

This joint venture addresses one of America's most pressing social and economic challenges - the critical shortage of affordable housing. With millions of Americans spending over 30% of their income on housing and many facing eviction risks, this $1 billion investment directly impacts working families struggling to find quality, affordable homes. The partnership's focus on preserving existing affordable housing units rather than just building new ones is particularly significant, as it prevents the loss of already scarce affordable inventory to market-rate conversions. For communities across major metro areas in California, Texas, and Washington, this initiative means thousands of families will maintain access to stable housing, while investors gain exposure to a resilient sector supported by federal tax credit programs that have historically provided stable returns even during economic downturns.