The webinar will take place from 2:00 pm – 3:00 pm EST. Click here to register for the webinar.
In the next five years, nearly 500,000 federally-assisted apartments and rental homes will reach the end of their current subsidy contracts and affordability restrictions for low-income families, according to new data from the National Housing Preservation Database (NHPD). While many of these affordable homes will remain in the affordable housing stock, others could be permanently lost.
According to NHPD’s 2017 Preservation Profile for New Jersey, 4,770 affordable homes in New Jersey need immediate investment. And over 16,500 will need investment within the next five years.
The number of public housing units needing immediate or short-term investment is even more alarming given the already existing shortage of affordable rental housing. In New Jersey, there is a shortage of 212,23 rental homes affordable and available for extremely low income (ELI) renters. And 223,591 ELI households spending more than half of their income on their rental homes.
New NHPD features make it easier than ever to identify properties at risk of loss. An enhanced mapping tool allows users to pinpoint publicly-assisted properties of interest, and the NHPD now provides more property information, including bedroom unit mix, census tract, and target tenant type, which expands the number of risk factors available to users; and offers new preservation profiles with the number of units at risk of loss in each state.
The tool can be used to search by zip code or city or town in New Jersey. As just one example, a search under Newark, New Jersey found data about 199 different properties.
Participants on the webinar will learn how to:
Utilize the latest features of the NHPD through a live demonstration
Identify federally-assisted properties at risk of loss
Recognize risk factors that increase the likelihood of a property to being lost from the federally-assisted housing stock
Presenters on the webinar will include:
Keely Stater, PhD, Director of Research and Industry Intelligence, Public and Affordable Housing Research Corporation, HAI Group’s Research Division
Kelly McElwain, Database Manager, Public and Affordable Housing Research Corporation, HAI Group’s Research Division
Andrew Aurand, PhD, Vice President for Research, National Low Income Housing Coalition
For questions, please contact Kelly McElwain at or 800-873-0242, ext. 259.