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.

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.