Affordable housing is rapidly becoming the industry’s most talked about sector as the cost of living increases, population growth continues and housing supply dwindles.

A National Housing Finance and Investment Corporation report earlier this year suggested that there would be a shortfall of 106,300 homes during the five years to 2027, and often it is the lower end of the market most adversely affected by such shortfalls.

But the shape and form of affordable housing are changing rapidly—and so are the opportunities this presents.