-A A +A

Harvard study looks at nation's rental market, foreclosures

Posted by: VHFA on April 30, 2008 - 9:44am

harvard studyHarvard University's Joint Center for Housing Studies has just released "America's Rental Housing: The Key to a Balanced National Policy."

"The damage from today's mortgage foreclosure crisis reaches deep into the rental market," the report states. "With affordability already a long-standing problem, the current housing debacle not only adds to the number of households competing for low-cost rentals and threatens current renters with eviction from their homes, but also increases the costs of financing rental housing construction and preservation.

"Moreover, because many high-risk loans now in default are concentrated in low-income and minority communities, the fallout from foreclosures is hitting the same neighborhoods where many of the nation's most economically vulnerable renters live."

Read the Harvard study.



Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.