For decades, our country has invested in affordable housing through a variety of federal and state programs. However, much of this housing stock is now in desperate need of recapitalization and rehabilitation. Much of it is also coming to the end of its affordability periods set out by its original funding source. Preserving these properties to improve their physical condition and so that they can remain affordable to low-income households is critical. State HFAs work actively to preserve affordable rental properties “at-risk” of being lost to the affordable housing inventory and offer financing to profit and not-for-profit developers to encourage the preservation of affordable housing in their states. HFAs have made additional resources available to encourage such preservation and make sure that sellers are not financially disadvantaged by selling their property to an entity which intends to preserve it as affordable. NCSHA alone, and as part of the National Preservation Working Group, advocates to preserve multifamily housing for low-income families.
- To find local housing assistance, please contact your state’s Housing Finance Agency (HFA).
- To learn more about NCSHA’s advocacy work in this area or to attend a related education event, complete the general inquiry form.
- Members of the media, please contact Lisa Bowman, Director of Marketing and Communications, at firstname.lastname@example.org.
- March 20, 2018Five HFAs Awarded Capital Magnet Fund Grants
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced last week the recipients of the Capital Magnet Fund’s fiscal year (FY) 2017 round of funding.
- May 20, 2016Senate Passes FY 2017 Housing Appropriations Bill
Yesterday, the Senate voted 89 to 8 in favor of the Fiscal Year (FY) 2017 Transportation, Housing and Urban Development, and Related Agencies (THUD) funding bill, H.R. 2577.
Preservation - Resources
- May 16, 2016National Low Income Housing Coalition | Out of Reach 2015
This edition of Out of Reach highlights some of the economic challenges facing low income renters, including lagging wages, inconsistent job growth, and the rising cost of living.