The Rent is too Damn High! (ep. 2022.02)

The AFIRE Podcast

Jan 20 2022 • 35 mins

(Featuring Alicia Glen, Founder and Managing principal of MSquared and former Deputy Mayor of Housing and Economic Development for New York City) https://www.afire.org/podcast/toodamnhighcast/ Alicia Glen, founder and managing principal of MSquared and former deputy mayor of housing and economic development for New York City, explains how to intelligently and profitably invest in affordable housing at scale. It isn’t easy, especially when using old categories and old business models – and the biases people hold in their heads can often get in the way of seeing real opportunity. Glen is building her business—a women-owned real estate development and impact investing platform—by looking beyond unchallenged assumptions such as: poor people bring down property values; New York is too expensive; or there aren’t enough talented women in real estate to hire. In this episode of the AFIRE Podcast with Gunnar Branson, Glen shows how each of these assumptions falls to the side when confronted with thoughtful analyses and forward-thinking investment philosophies that also make profitability possible while providing high-quality affordable housing at the same time. Through this lens, according to Glen, New York could actually be the affordable housing capital of the world.