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Publications in this section highlight tools and strategies for addressing housing affordability challenges in your community. The Center’s housing solutions resources cover a broad range of topics – from state and local policies to preserve and expand the supply of affordable homes to efforts to meet the housing needs of older adults or families in areas vulnerable to natural disasters.
This research working paper uses the lifecycle cost methodology to compare the total cost of developing and maintaining multifamily affordable rental housing over a 50-year period using either acquisition-rehab or new construction. Our analysis of a convenience sample of more than 200 properties found that, all else equal, new construction added approximately $40,000 to $71,000 (25 to 45 percent) per-unit to the lifecycle costs.
This paper is part of a suite of materials exploring lifecycle underwriting, including an online tool and two additional working papers.
Lifecycle underwriting represents a new way of thinking about the costs of multifamily affordable housing. A policy working paper explores the policy and practical implications of lifecycle underwriting and opens up a debate about the trade-offs of financing properties for a 50-year viability period, rather than the more typical 15-year time frame.
The suite of materials also includes L-Cycle, a free tool that enables users to estimate whether a property is likely to have sufficient funds to meet expected capital needs over a full 50-year lifecycle.
This brief looks at recent trends among renters and in the rental market, drawing from research conducted with support from the John D. and Catherine T. MacArthur Foundation by the Center for Housing Policy, the Joint Center for Housing Studies of Harvard University, and the National Low Income Housing Coalition.Findings from the U.S. Department of Housing and Urban Development’s report on “worst-case needs” households are also discussed.
Taken together, the reports point to a growing demand for affordable rental homes, a shrinking and at-risk affordable rental stock, and an increase in the number of renters that have difficulty affording their monthly housing costs.
Part of a series of research briefs highlighting the findings and policy implications of housing policy research, this brief examines how data analysis is helping states and localities to preserve the stock of affordable rental housing.