Affordable Housing Finance

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Affordable Housing Numbers Decline

AFFORDABLE HOUSING FINANCE • January/February 2010

BY AFFORDABLE HOUSING FINANCE STAFF

FROM 2001 TO 2007, the nation’s affordable rental housing stock decreased by 6.3 percent while the high-rent rental housing inventory increased by 94 percent, according to a recent paper from the Department of Housing and Urban Development (HUD).

This translates into a loss of more than 1.2 million unassisted affordable rental units during that time.

The paper also reports that since 2000 low-income housing tax credit properties have comprised about 50 percent of all newly constructed multifamily rental units.

U.S. Rental Housing Characteristics: Supply, Vacancy, and Affordability can be found at www.huduser.org.