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housing finance

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A small white house made out of paper sits atop a pile of silver coins.

Affordable Housing Financing Is Overpriced, But It Doesn’t Have to Be

Affordable housing construction finance reflects market norms, but its track record shows it’s far less risky than conventional market-rate housing loans. While lower default rates should lead to lower interest rates, they currently do not.

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The interior of Dupont Circle train station in Washington, D.C., showing a train track, train platform, and Brutalist-style architecture, including large staircases and walking paths. A white man wearing dark clothing and a large backpack crosses the train platform in the right-hand corner.
Opinion

How States Can Build Housing Together: A Proposal to Create Joint Authorities

Housing markets don’t stay within state boundaries. Why should housing finance agencies?

Side-by-side similar looking two-story houses with peaked roofs. Small front yards have a short iron railing fence along the sidewalk.
Federal Policy

Opportunity Zones: Billionaire Handout or Housing Booster?

The OZ program unleashed billions in private capital. Whether it lifts neighborhoods or just investors hinges on who’s steering the money and how well they can navigate the system. Now that Congress has made OZs permanent, the stakes are even higher.

Explainers

Affordable Housing Finance 101

The financial intricacies involved in building affordable housing can be difficult to understand. This explainer breaks down the foundational concepts.

Interior of a room on the first floor of a house under construction, showing unpainted gypsum walls, unfinished electrical outlets, and raw wood floors. Through the windows can be seen bare trees and a bit of driveway. Off to the left of the room is another room, with a pile of lumber visible through the door.
Opinion

The Government-Sponsored Enterprise that Turned Away from Its Housing Mission

In recent decades, the Federal Home Loan Bank system has strayed from its original purpose—lending to support housing. We want to change that.

Busy scene of striking tenants, of mixed ages and skin tones, most holding signs. Signs say "Stop landlord greed/Unionize" and "Every tenant deserves a union" and "Not one cent for the slumlords." Others are round "universal no" signs showing rodents, broken staircases, flooded bathrooms.
Tenant Organizing

Could This Rolling Rent Strike Make the Feds Protect Tenants?

Organizers aim to catalyze a crisis to pressure a major federal housing regulator to lock in tenant protections.

Opinion

We’re Approaching Social Housing Wrong

Components common to most U.S. social housing proposals are bound to replicate problems we already have.

Graffiti of green housing overlapping each other.
Housing

The Only Tool in the Box: What It Means That LIHTC Dominates Affordable Housing

Even those who praise the tax credit program and what it has accomplished are concerned that there are so few sizeable alternatives to it.

Transparent check mark over compliance related icons and words handwritten on white papers
Explainers

How Are LIHTC Rules Enforced—And How Well?

LIHTC developers must follow strict affordability rules—and fulfill other promises—for at least 30 years. While industry insiders insist compliance rates are high, tenant advocates say noncompliance is a real problem.

displacement protest
Community Development Field

To Address Displacement in Your Community, Start by Asking, “Who’s Financing It?”

While developers, tech companies, and greedy landlords are often cited as the usual suspects driving the housing crisis, one group is often overlooked: the banks that finance the deals.

Mark Zuckerberg, founder of Facebook, speaking and holding a microphone.
Housing

Facebook Dips Its Toe Into Funding Housing

There was much speculation last year about whether and how Facebook founder Mark Zuckerberg would enter the affordable housing space. We got our first peek today . . .