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Rental Eviction and the COVID-19 Pandemic Averting a Looming Crisis (2022) / Chapter Skim
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Goal 4: Secure: Preserve, Provide, and Expand Safe Affordable Housing
Pages 35-42

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From page 35...
... 1 provides more affordable housing relative to the aggregate of all privately owned subsidized rental properties. An estimated 5.5 million rental housing units across the United States are affordable without public subsidy support (CoStar, 2016)
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From page 36...
... program, and the Public Housing Capital Fund.5 The LIHTC and HOME are the largest federally funded subsidy programs providing resources to preserve existing affordable rental housing stock in need of capital investment (Scally et al., 2018)
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From page 37...
... . Successful strategies for the preservation of unsubsidized housing include programs that equip tenants and nonprofit housing organizations to own and govern their properties cooperatively; examples include Tenant Opportunity to Purchase Act (TOPA)
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From page 38...
... Action 4A-2: Federal policy makers could ensure that the LIHTC expands recapitalization and preservation of existing affordable housing properties nearing the end of their original compliance periods. Action 4A-3: State governments should consider prioritizing preservation in LIHTC Qualified Allocation Plans.
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From page 39...
... Established in 2008 under the Housing and Economic Recovery Act,15 the CMF provides competitive grants to CDFIs and nonprofit housing organizations to attract capital for affordable housing. A 2014 interim assessment found that the CMF had successfully increased the number of affordable housing units by almost 7,000 and had leveraged the CMF investment by 12 times in additional public and private capital (U.S.
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From page 40...
... The regulation provides recipients of federal housing and urban development funds and other federal funds (i.e., program participants) with an effective planning approach to aid them in taking "meaningful actions" to overcome historical patterns of segregation, promote fair housing choice, and foster inclusive communities free from discrimination.
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From page 41...
... . Action 4C-2: Local governments should create local incentives, combined with inclusionary zoning mandates where possible, to increase the supply of affordable housing through mechanisms including zoning reform, acquisition, and increased production of new affordable housing.17 Action 4C-3: State and local governments should encourage governors, mayors, and city councils to continue to work to eliminate exclusionary land-use regulations, which raise housing costs and restrict access to housing and economic mobility, entrenching existing inequities.18 Action 4C-4: HUD and the Department of Justice should continue enforcing existing fair housing legislation.
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Key Terms

  • rental housing
  • fair housing
  • housing stock
  • rental eviction
  • looming crisis

  • affordable rental
  • existing affordable
  • nonprofit housing
  • public housing
  • housing development

  • housing units
  • private capital
  • housing trust
  • national housing
  • housing organizations

  • rental units
  • inclusionary zoning
  • urban development
  • trust fund
  • housing tax

  • federal housing
  • build affordable
  • housing developers
  • safe affordable
  • income housing

  • affordable units
  • housing properties
  • multifamily housing
  • housing act
  • occurring affordable


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