Preservation of market affordable housing
Brief: Preserving the existing stock of market affordable rental housing
Most lower-income households live in homes that are affordable by virtue of their age, condition, location, or other characteristics. These “market affordable” homes do not receive a government subsidy that lowers rents and are not otherwise subject to a regulatory agreement that controls both rents and tenant incomes. Preserving as much as possible of the market affordable stock can be an important objective of any local housing strategy. Read the brief.
Brief: Balancing the preservation of existing affordable housing with new construction
This brief identifies a series of questions that communities can use to determine whether to prioritize a particular property for preservation. Read the brief.
Selected local housing policies
Tax abatements and exemptions
Demolition taxes or condominium conversion fees
Acquisition and operation of moderate-cost rental units
Rights of first refusal
Protecting renters from condo conversions
Expanded access to capital for owners of unsubsidized affordable rental properties
Housing Policy Library section: Ensuring the ongoing viability of unsubsidized affordable rental propertiesHousing Policy Library section: Enhancing renters’ housing stability
Issue brief: Balancing the preservation of existing affordable housing with new construction
Resources on preservation of dedicated affordable housing
Video: What is affordable housing and who needs it?