This report is the first to compare rent increases in specific units over time.
Freddie Mac looked at loans it had financed twice between 2010 and 2016, which allowed for a comparison of the exact same rental units and how their affordability changed.
When first financed, 11 percent of nearly 100,000 rental units nationwide were deemed affordable for very low-income households. By the second financing, however, when the units were either being refinanced or sold, rents had increased so much that only 4 percent of the same units were categorized as affordable.
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