Freddie Mac Study Examines Rents in Housing Credit Properties

An analysis by Freddie Mac shows that the average rent for Housing Credit properties is 38 percent lower than average market-rate rents. The study, which analyzed nine markets, notes that households who live in Housing Credit properties also benefit from more stable and predictable rent increases. While market-rate rents in the nine markets grew 5 percent on average per year between 2012 and 2017, Housing Credit property rents rose an average of 0.9 percent annually during the same period. The study points out that the substantial market-rate rent increases are causing serious financial hardship in particular for lower-income households that qualified for but were unable to move into Housing Credit units because too few were available.

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