Press release
Community Housing Services Market Report, Trends, Share, Size, Growth, Opportunities And Forecast 2033
Community Housing Services Market
The community housing services market size is expected to see steady growth in the next few years. It will grow to $113.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to resilience planning, holistic neighborhood development, expansion of support services, tailored solutions for special populations, community-centric design. Major trends in the forecast period include green and sustainable housing initiatives, innovative finance mechanisms, equitable urban development, housing as a health determinant, community land trusts.
Market Overview -
Community housing refers to social housing provided by not-for-profit community organizations with the help of government grants to the homeless and needy. Community housing is owned by, or under the legal control of, a community housing organisation. These organisations are generally, but not always, not-for-profit.
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The Effect Of Federal Funding On The Community Housing Services Market
The federal funding for social services is a major driver for the community housing services market. Funding from the government helps many homeless people get shelter. Many programs are run by different countries to assist homeless people. For instance, in the US, every year the Federal Government allocates funds to States/Territories to support social services for vulnerable children, adults, and families through the Social Services Block Grant (SSBG). In India, 'Pradhan Mantri Gramin Awaas Yojana' focuses on providing pucca houses with basic amenities to homeless families. The objective of this scheme is to build one crore of homes of 25 sqm by 2022. The government of India also launched the Shelter for Homeless program under the National Urban Livelihood Mission (NULM). Under this program, various types of shelters such as men's shelters, women's shelters, family shelters, and special shelters (for old age, mentally ill, and sick persons) are provided. The government of India will finance 75% of the expense for the development of these shelters and the other 25% will be the State commitment. The Indian government is also working on providing rental housing to urban poor belonging to scheduled castes, scheduled tribes and other backward classes, migrants, transgender, and senior citizens. Therefore, different types of federal funding will help drive the market for community housing services.
Competitive Landscape -
Major companies operating in the community housing services market report are Nestle Community Housing Services Ltd., Community Housing Ltd., Cms Info Systems Ltd., ResMan LLC, CAHEC Management Inc., Truist Insurance Holdings Inc., The Michaels Inc., Converged Services Inc., RealPage Inc., Yardi Systems Inc., The NRP Group LLC, Herman & Kittle Properties Inc., Community Housing Partners, Dominum Ycp Ltd., La Casa Inc., Housing Resources Inc., Knox Housing Partnership Inc., Watchtower Security Inc., LDG Development LLC, Kalamazoo Neighborhood Housing Services, The Pacific Companies, Housing & Neighborhood Development Services, Fair community housing services limited, Crossroads Villa Inc., Dantes Partners LLC, Choice Property Resources Inc., SRM Housing Services Private Limited, Rise Residential Construction, TrashPro LLC, Management Reports Incorporated, National Property Management Strategies Group LLC, Housing Development Finance Corporation Ltd., National Affordable Housing Management Association, New Hampshire Housing Finance Authority, Multifamily Loans, The Community Builders Inc.
Apollo Global Acquires United Living Group
In May 2023, Apollo Global Management's impact investing fund, Apollo Impact, an Italy-based financial service company, acquired United Living Group for approximately $370 million. With this acquisition, Appollo's fund has invested and made acquisition in a community housing provider with an exceptional reputation for quality, reliability, and impact on affordable housing residents and their broader communities. United Living Group is a UK-based provider of essential infrastructure, social housing maintenance, and construction services.
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Key Segments -
The community housing services market covered in this report is segmented -
1) By Product Type: Single Section Homes, Multi-Section Homes
2) By Service: Temporary And Emergency Shelter Services, Permanent Housing Support Services, Transitional And Assisted Housing Services, Volunteer Construction Or Repair Services, Other Services
3) By End-Users: Victims Of Domestic Violence, Sexual Assault Or Child Abuse, Homeless, Runaway Youths, Parents And Families Caught In Medical Crises, Low-Income Individuals And Families, Elderly Or Disabled
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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