Alexander Shermansong Contributor
Alexander Shermansong is CEO of Civic Consulting USA and an adjunct assistant professor of public service at New York University’s Robert F. Wagner Graduate School of Public Service.
In 2020, nearly $24 billion in venture capital poured into companies creating new technology products or innovative business models for the real estate market.
While things like smart home apps and digital mortgage financing services make life easier for upmarket renters and homeowners, none of these technologies help improve the day-to-day struggles of the vast majority of low-income families.
Many of these emergent technologies could be adapted to become “housing tech” solutions focused on financial resilience, fresh food access, healthcare access and workforce development which have the potential to transform the lives of our most at-risk populations.