Current Reports

Affordable Housing Trends Report Spring 2024

As housing costs spiral, rental affordability has become a more urgent issue, burdening a greater number of Americans. Arbor’s Affordable Housing Trends Report Spring 2024, developed in partnership with Chandan Economics, examines the major policies and programs shaping the marketplace at a time when overdue federal funding expansions have increased agency budgets.

Articles

What Is Driving Lifestyle Renter Demand?

Lifestyle renters — those who have the means to own but prefer to rent or are willing to pay more for apartments with amenities — have become a key driver of rental demand in single-family rental homes, build-to-rent communities, and other types of high-quality multifamily housing. With this small yet influential demographic growing, our research teams examine and explain the factors driving lifestyle renter demand.

Articles

Build-to-Rent Well-Positioned to Fill Housing Market Gap

With nearly one-fifth of multifamily properties now over 65 years old, it’s time to consider solutions for rejuvenating the rental housing stock in the U.S. While building rehabs are a tried-and-true solution, build-to-rent (BTR) is an alternative that is well-positioned to expand as Americans increasingly favor renting over homeownership.

Articles

U.S. Added 514,000 New Rental Households in 2023

In a year when inflation and elevated interest rates weakened affordability, the rental housing sector strengthened and expanded. An analysis of newly released U.S. Census Bureau Housing Vacancies and Homeownership data shows the number of rental households climbed in 2023.

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Kenneth J. Bacon

Director
Kenneth J Bacon

Kenneth J. Bacon was appointed to Arbor Realty Trust’s Board of Directors in April 2020 and serves as a member on the Audit and Corporate Governance Committees.

Mr. Bacon is co-founder and managing partner of RailField Partners, an investment management firm that invests in and operates multifamily properties on behalf of institutional investors. Prior to forming RailField, he spent 19 years at Fannie Mae as the Executive Vice President of Multifamily Mortgage Business, where he grew the firm’s portfolio from $56 billion to more than $195 billion. He also managed the American Communities Fund at Fannie Mae, which was established to provide loans and equity to for-sale and rental housing developments to increase the supply of affordable housing and to revitalize communities. Before joining Fannie Mae, he was Director of the Office of Securitization for the Resolution Trust Corporation and held officer positions at Morgan Stanley and Kidder Peabody.

Mr. Bacon also serves as Chairman of the Board of Directors at Welltower and Washington, D.C.-based non-profit Martha’s Table and is also a board member at Comcast, Ally Financial, and the Urban Institute. He also serves on the Board of Directors for Dominium, one of the nation’s largest privately-owned affordable housing development and management companies. Mr. Bacon is active in several nonprofit and trade groups, including the Board of the Real Estate Executive Council, the National Multifamily Housing Council, and the Advisory Board of the Stanford Center on Longevity.

Mr. Bacon is an alumni and former trustee of Stanford University, where he received his Bachelor of Arts. He also has a Master of Science in International Relations from the London School of Economics, where he studied as a Marshall Scholar, and a Master of Business Administration from Harvard Business School. He was awarded the Order of the British Empire by the British government in recognition of his service to the Marshall Scholars program.

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