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.
Freddie Mac Study Examines Rents in Housing Credit Properties
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing