Financing Affordable Home Ownership

A new report from the real estate consulting firm RCLCO reveals a profound disconnect in the housing market, with significant implications for anyone involved in financing affordable homeownership.

RCLCO notes that consumer preference studies suggest lower- and middle-income households in search of “attainable” housing will accept (and some may prefer) smaller homes in denser neighborhoods, so long as the location and amenities of the community are appealing.

Yet the firm finds the homebuilders and developers it surveyed believe the most effective ways they can meet needs for new entry-level homes run in the opposite direction. “The opinion of the industry is that the top three solutions are limiting community amenities, providing lower-quality finishes, and locating homes in less desirable areas.”

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