Michael Levy on Real Estate Finance

Supply Issues

Michael Levy, CEO of Crow Holdings, highlights the pressing issue of workforce housing supply amidst zoning and regulatory hurdles. He notes that first responders, teachers, and other essential workers face significant challenges in finding affordable housing. Levy emphasizes the importance of developing new properties rather than relying on rent control or maintaining older properties, stating, "The solution is new supply."

We view it as both our obligation as well as an opportunity.

--- Michael Levy

This approach aligns with Crow Holdings' commitment to creating opportunities for its employees and clients 1.

   

Developer Tactics

Large developers like Crow Holdings are strategically focusing on workforce housing to address the growing demand in regions with lower taxes and better living conditions. Michael Levy explains that the migration from the Midwest and Northeast to the Southeast and Southwest is influencing their multifamily development decisions. He stresses that their strategy is not driven by profitability but by the need to "do the right thing" for communities and employees.

We don't run the business according to an earnings objective.

--- Michael Levy

This philosophy supports Crow Holdings' mission to foster a positive work environment and community impact 1.