Rental Housing for a 21stCentury Rural America

Rental Housing for a 21st Century Rural America: A Platform for Production

In their new report, Rental Housing for a 21st Century Rural America: A Platform for Production, The Urban Institute examines the issue of maturing mortgages in USDA’s Section 515 rental housing portfolio. This report is a companion piece to HAC’s Platform for Preservation report, the report analyzes the demand for new affordable rental housing in rural places and suggests ways to increase funding and capacity to deliver new units.

Rental Housing for a 21st Century Rural America: A Platform for Preservation

Rural America is Losing its Affordable Rental Housing

HAC’s New Report Examines the Maturing Mortgage Crisis
A LOOMING CRISIS

A Crisis: The increasing lack of affordable housing is not just an urban problem. Rental housing options in rural America are not only sparse, but also declining. An important source of housing in many rural communities are rental homes financed by the U.S. Department of Agriculture (USDA). 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. The impacts of this trend are problematic for rural renters and communities.

A Platform for Preservation: The Housing Assistance Council conducted a comprehensive assessment of USDA’s multi-family housing investments to better understand this issue and inform strategies that preserve this resource for rural communities and residents.

READ THE REPORT

WATCH VIDEO FROM THE RELEASE EVENT