Rocktop’s Cade Thompson Discusses Overlooked Investment Opportunities in Section 8 Housing on National Mortgage News
Rocktop Co-President and Chief Growth Officer Cade Thompson recently published an Op-Ed on NationalMortgageNews.com exploring the oft-overlooked investor asset class of Section 8 Housing. Cade also dispels some of the common misconceptions around investing in Single Family Residences involving the Housing Choice Voucher program while demonstrating how modern technologies like AI and blockchain can streamline the processes to reduce inefficiencies that can drive down yields.
The lack of affordable housing is a well-documented issue in America, with a shortage of 7.3 million affordable and available rental homes for the lowest income renters. While the Department of Housing and Urban Development has attempted to combat this with the Housing Choice Voucher (HCV) program, the current demand for single family residences still outpaces the supply. While smaller investors have already seen the benefits of providing SFRs for HCV tenants, large institutional investors have been reluctant to take advantage of this opportunity.
This reluctance stems from misconceptions about tenant behavior, increased costs of documentation and processing, and potential yield. When examining the statistics, however, these misconceptions break down. Combined with the available tools and technologies, investors actually see great performance from these assets.
“It’s just a matter of institutional investors saying yes. Yes to the truth that no matter how many steps removed they are from the rental process, they are vital to helping everyone lead a productive, fulfilling life in a comfortable home.”
– Cade Thompson, Rocktop Co-President and Chief Growth Officer
Rocktop specializes in optimizing these processes, reducing the workload and ensuring accuracy in document processing, utilizing advanced technologies like AI and Blockchain to scale and streamline key processes that reduce inefficiencies that could drive down the yields. By partnering with Rocktop, institutional investors could become major players in the national SFR market without increased risk or lowered yields.