This session features Tom Shingler, Callan’s Sustainable Investing Team leader, interviewing fellow teammate Aaron Quach, author of Callan’s white paper, Affordable Housing: An Expanding Opportunity for Institutional Real Estate Portfolios. During the interview, Aaron and Tom discuss affordable housing fits within the broader residential real estate market, review the primary investment strategies, and explore the operational, regulatory, and implementation considerations investors should evaluate. They also examine the sector’s historical risk-adjusted performance, diversification benefits, and the role experienced managers play in navigating this specialized asset class.