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Housing Assistance Council – Rental Housing For A 21st Century Rural America: A Platform for Preservation
On September 6, 2018, the Housing Assistance Council (HAC) released Rental Housing for a 21st Century Rural America: A Platform for Preservation, a new report detailing the looming crisis in affordable rural rental housing.
Rural America is losing its affordable rental housing according to a new report from HAC. HAC’s analysis of USDA’s rental housing portfolio reveals a maturing mortgage crisis. Today there are over 13,000 USDA rental properties providing more than 415,000 affordable homes to families and individuals across rural America.
No new USDA direct-financed rental housing has been developed in years, and the existing properties are increasingly losing their affordability provisions restrictions. The impacts of this trend are problematic for rural renters and communities.
To view an interactive map of properties and estimated exit dates for each property visit HAC’s Mapping Rural America page at https://arcg.is/29638UI