Evidence Matters Features Affordable Rental Housing: Policy, Research, and Practice

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28 June 2011
Evidence Matters Features Affordable Rental Housing: Policy, Research, and PracticeThe second issue of Evidence Matters: Transforming Knowledge into Housing and Community Development Policy (Spring 2011), organized around the theme of affordable rental housing, is now available. PD&R Assistant Secretary Bostic provides context for this issue, which examines the next generation of rental housing policy, rental market research, and how multibank consortia support communities through affordable rental housing. This issue also includes perspectives on the mortgage interest deduction from three prominent economists — Edward Glaeser, David Crowe, and Todd Sinai.
 

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· Rental housing is a platform through which better outcomes for children can be delivered. · Because net worth is a key predictor of long-term educational attainment, asset building among low- and middle-income families is necessary to increase college attendance rates, economic mobility, and net worth of the next generation. · A balanced housing policy that utilizes interagency collaboration is key to establishing effective supportive housing. · Housing is the largest expense for the majority of low-income households, 70 percent of whom rent. In 2009, there were 10 million extremely low-income renter households, and only 3.6 million units were affordable and available to them. · Multibank consortia share the risk, reduce the cost of lending, and pool their expertise to meet the affordable housing development needs of their respective communities.
   
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Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
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Subject: Evidence Matters Features Affordable Rental Housing: Policy, Research, and Practice