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Evidence Matters Features Affordable Housing Preservation

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October 17, 2013  

Evidence Matters Features Affordable Housing Preservation

The Summer 2013 issue of Evidence Matters, focusing on the preservation of affordable housing, is now available. The issue describes the growing demand for affordable rental housing, details benefits of preservation, identifies threats to the affordability of the rental housing stock, and outlines approaches to preserving affordability. This issue also explores the role of research tools in the planning and preservation of affordable housing and highlights state and local solutions to the affordable housing preservation challenge.


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Key Findings

  • The nation's supply of affordable rental housing — both subsidized and unsubsidized — is shrinking, even as demand increases.

  • Preserving existing affordable housing has a variety of economic and social benefits and is typically more efficient than building new units.

  • Spatial mapping programs can help policymakers get a more comprehensive view of an area's affordable housing stock to better target preservation efforts.

  • Preservation compacts such as those in Cook County, Illinois and the state of Ohio are grant-based initiatives that take a highly collaborative and multipronged approach to affordable rental housing preservation, with strategies focusing on analyzing data for at-risk properties, facilitating partnerships across levels of government, and reducing operating costs.

  • State housing trust funds, including those in Washington and Delaware, use a dedicated public source of revenue to fund affordable housing projects. These programs are typically administered by public agencies and offer states flexibility in supporting their local needs.

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