Whoseshortage of affordable housing?

Abstract

Shortfalls of low-rent units are repeatedly cited as the rationale for programs to expand the supply of affordable housing. But the poverty-level rents studied fall well below those of major supply programs. To reassess whether HOME and the low-income housing tax credit (LIHTC) address actual shortfalls, this article compares numbers of units with renters by measuring both affordability and incomes with the median-income-based metric used for all federal rental programs.During the 1980s, there were growing surpluses of units affordable to renters with incomes between 50 and 80 percent of their area's median income, a "lowincome" range that includes most HOME and LIHTC rents. By contrast, shortages were severe and growing only at rents affordable to households with incomes below 30 percent of area median. Examination of these shortfalls and the problems they create implies that programs to expand supply are not widely needed.

‘House poor’ or simply ‘poor’?

“…Housing is affordable if housing expenditure does not exceed a given level: H 6 H ÃÃ The US Department of Housing and Urban Development defines affordable rents as a proportion of adjusted area median family income (e.g., Nelson, 1994). Lerman and Reeder (1987) define a Ôminimally adequate rentÕ as the minimum hedonic rent among a pool of adequate units for each type of household in each region, which they compare to income.…”

Opportunities for the United States condominium foreclosure market to provide amenable affordable housing options: The case of Tampa/Hillsborough, Florida

“…Housing can be made affordable from both the supply and demand sides (Nelson, 1994). Low-income-housing tax credits, community land trusts, shared equity housing and housing subsidies such as down-payment assistance and Section 8 housing vouchers have helped alleviate the affordable housing crisis in some areas.…”

Dostopne in cenovno ugodne stanovanjske možnosti na ameriškem trgu zaplenjenih stanovanj: primer Tampe v okrožju Hillsborough na Floridi

“…Stanovanja se lahko pocenijo z vidika ponudbe in tudi povpraševanja (Nelson, 1994). Davčni odbitki pri nakupu stanovanja zaradi nizkega dohodka, občinski zemljiški skladi, nepremični-ne, ki jih posameznik kupi skupaj z drugim vlagateljem (običajno državo ali neprofitno organizacijo), in stanovanjske subvencije, kot sta pomoč pri odplačilu are in izdaja stanovanjskih bonov za pomoč pri plačevanju najemnin, so na nekaterih območjih pomagali reševati krizo na področju cenovno dostopnih stanovanj.…”