Many cities across the country are grappling with widespread income inequality, fueled by the rapid growth of the innovation economy. The onset of Covid-19 has exacerbated these inequities, underscoring the need for developments that embrace the diversity of people and uses that create healthy and interconnected communities.
The affordability crisis does not just affect the nation’s lowest income residents, but also the first responders, teachers, nurses, artists, and service providers who make cities great. And while the crisis is most profound in the housing sector, it has also grown in the commercial, manufacturing and office markets, driving out middle-class jobs and fundamentally altering the composition of urban economies.
At MSquared, we are devoted to ensuring that cities grow equitably and remain vibrant centers of opportunity, innovation and creativity. We know that smart, sustainable investments that respond to the breadth of the affordability crisis and embrace diversity are necessary to ensure our cities remain engines of economic growth.