Affordable housing that raises the bar

Daryl Carter, who grew up in Detroit, was inspired by his childhood to become chairman and CEO of Avanath Capital Management, where he and his partners focus on transforming the affordable-housing sector. Currently, Avanath owns more than 80 properties in 13 states. The majority of its 12,000 apartments are targeted to renters earning 40% to 80% of the area’s median income, many of whom qualify for Section 8.