America's Housing Policy--the Missing Piece: Affordable Workforce Rentals
June 25, 2012
Author: J. Ronald Terwilliger
America’s Housing Policy–the Missing Piece: Affordable Workforce Rentals
These demographic changes will put tremendous pressure on the demand for affordable rental housing, particularly in high-cost metropolitan markets. Moreover, for many households, renting may in fact be the only option as tighter mortgage underwriting standards preclude homeownership or delay the decision to purchase. This discussion paper argues that a renewed commitment to affordable rental housing is not just the right thing to do; it is the smart thing to do.