This paper outlines a series of policies to improve the country’s approach to affordable housing and community development by making both more cost-effective. Our policies support those tools such as the Low-Income Housing Tax Credit that allow strong organizations to leverage private capital for housing and community development. What we propose are incremental changes that over time can reorient our system from its current focus on process and compliance toward a new focus on performance and outcomes.
Our recommendations are organized in five categories:
New Models for Developing, Preserving, and Managing Rental Housing
New Models for Homebuyer Readiness and Sustainable Homeownership
Reform of the Delivery System to Emphasize Capacity and Performance
Growth of CDFIs as a Source of Community Capital
Achievement of Outcomes Beyond Housing
The report was compiled by HPN members with the goal of “improving the delivery of affordable housing and community development resources and leading to better outcomes for residents and communities.”