Preserving Affordable Housing: Best Practices

June 12, 2017                                                 By: Bendix Anderson

With the affordable housing shortage seemingly growing by the day, it's more important than ever to preserve the stock we already have.

America has a deep shortage of affordable housing, and, every year, the situation seems only to worsen. That makes it more important than ever to preserve the homes we already have in affordable housing programs.

In buying Oakwood Apartments in Bedford, Mass, POAH used donation tax credits to guarantee the seller a sufficient profit to enable the property to be sold at a discount.

But affordable housing developers can’t buy every affordable housing property that’s up for sale in order to keep these buildings in stock, or repair every affordable building burdened with deferred capital needs. What the industry can do, however, is ensure the best chances of preserving affordable housing by following six recognized best practices.............Read More