Preserving and Expanding the Neighborhood's Affordable Housing Stock
This goal is supported by sound policy objectives. First, lower-income households should be able to benefit by living in stronger and healthier economically mixed communities. Second, the greater the number of lower-income housing units that are lost and not replaced in any given area, the more likely poverty concentrations will increase in other parts of a city or region; or, in regions with tight housing markets and high demand, the more likely lower-income households will face increasing cost burdens as well as overcrowding in housing elsewhere in the city.
Third, as a matter of public policy, there is inherent value in fostering mixed-income neighborhoods as a step toward breaking down pervasive barriers of class and race in American communities. In some cases, moreover, loss of lower-income residents can impair the economic vitality of a community by making it harder for local businesses to find workers.