Government Support Needed to Sustain Affordable Housing: Demand for rental housing is on the rise, but the federal government is reducing its role in the sector, according to a report from Harvard University’s Joint Center for Housing Studies (JCHS). As such, the Center expressed concern for the future availability of affordable housing.
“As policymakers take steps to reduce the role of the GSEs and FHA in multifamily lending, it is important to bear in mind the key role these institutions play in the affordable segment of the market, as well as in underserved and weaker markets where capital outside of government channels is scarce,” stated the JCHS report.
More than 1.1 million rental households took shape from 2011 to 2012, accounting for all net household growth over the year.
Rental households now make up 35 percent of all households in the United States, according to JCHS. Read more ...
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