
On December 6, 2022, HUD’s Office of Policy Development and Research (PD&R) held a Quarterly Update event on institutional investors in housing. Researchers and community practitioners discussed institutional investors’ growing role in the housing market, the effects of this growth, and actions to combat some of the negative effects of these investments, particularly on renters and prospective buyers of single-family homes

The next city in our Global Cities and Affordable Housing series is Nairobi, Kenya, located in East Africa. The Maasai tribe, local nomadic pastoralists, named the city Enkare Nairobi, or “cool water” in the Maa language, after a large watering hole. Nairobi was colonized as a railway city by the British East African Company in the 1890s. Swahili and English are the national languages.