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Housing
'at risk' |
Housing 'at risk' |
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Housing becomes ‘at risk’ either when its rent affordability restrictions expire, or because mismanagement or disinvestment cause the property to deteriorate and become unsafe, if not uninhabitable. However affordability is lost, communities are disrupted and poor people are displaced from their homes. (see Jamaica Plain Gazette story) In many communities around the country, housing that was built 20 or 30 years ago is unlikely to be duplicated. Most new affordable housing production is—for both zoning and financial reasons—on a significantly smaller scale than what was built previously. And preservation costs less. The average cost to preserve an affordable rental home across the country is about $73,000, or about one half to one third the amount to build a new rental unit anywhere in the U.S. today. |
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| POAH • 40 Court Street, Suite 700 • Boston MA 02108 • 617-261-9898 • FAX 617-261-6661 • info@poah.org © Preservation of Affordable Housing, Inc. 2008 |
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