Affordable-housing stock down by 60 percent from 2010 to 2016

October 31, 2017

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affordable housing — Affordable rental units wwere down 60 percent over period 2010-2016 per Freddie Mac

According to The Washington Post a new report issued by Freddie Mac finds that the number of apartments deemed affordable for very low-income families across the United States fell by more than 60 percent between 2010 and 2016.

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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