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Preserving and Expanding the Affordable Housing Stock

Preserving and Expanding the Neighborhood's Affordable Housing Stock

This is one of three strategic approaches for the goal of promoting equitable revitalization. Click here to read about all three in context.

 
Organizations taking the long view of the neighborhood’s future must address the long-term issue of preserving and expanding the its affordable housing stock, so that the neighborhood will remain economically integrated, rather than largely or entirely occupied by middle- or upper-income households.

 

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.  

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Go to Preventing Involuntary Displacement of the Neighborhood's Lower-Income Residents

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